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A notable issue discussed in today’s news is the increasing costs of higher education in the United States. Congress has sought to help families pay for a child’s education by allowing them to pay...

Bankruptcy can help an individual get caught up on missed child support payments (often called “arrears”). Child support is priority debt and is also generally non-dischargeable, meaning it gets paid...

After the market crash of 2008, 2.6 million Americans lost their jobs, and 1.2 million properties were foreclosed in 2009 due to the recession. As a result, many of the mortgage lenders that accepted...

The moment a bankruptcy petition is filed, an event known as the Automatic Stay is triggered and the bankrupt debtor is protected from continued collection activities[i]. The Automatic Stay...

Generally, a lien will pass through a bankruptcy unaffected, that is, unless it is specifically avoided. If competent bankruptcy counsel is not retained, an unsuspecting debtor may think that they...

Many individuals are saddled with income tax debt and seek help from the Bankruptcy Code to solve this issue in their life. Each provision of the bankruptcy code treats taxes differently and it is...

A primary relief of filing for bankruptcy protection is to obtain the benefit of the Automatic Stay. The Automatic Stay keeps creditors at bay while the bankruptcy case is administered. It prevents a...

Not all debts go away in a bankruptcy. Certain types of debt are nondischargeable. Potentially nondischargeable debts, those for money, property, services, or an extension, renewal, or refinancing of...

Any small business owner knows the importance and difficulty in obtaining credit. Whether the need for financing is to purchase real estate, inventory, or to obtain terms with vendor, the small...

You should always investigate and look to see whether bankruptcy is the best option for you. There are various helpful websites that provide information on bankruptcy and can be helpful in making a...