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Category Archives: Chapter 7 Bankruptcy
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Can I Give Gifts Before Filing for Bankruptcy?
Filing for bankruptcy provides a way for honest debtors to gain freedom from overwhelming debts. However, the bankruptcy court will consider your overall financial picture, including any gifts…
Can I File Bankruptcy on Medical Bills?
The Affordable Care Act eased the medical bill crisis for many families. Nevertheless, over 100 million Americans struggle to pay high medical bills. Normally, doctors and hospitals quickly…
Can I File for Bankruptcy More Than Once?
The financial storms of life trigger most personal bankruptcy filings, and in most cases, these storms hit more than once. Medical bills are a good example. Excessive medical…
Yes and no. Past-due utility bills are unsecured debts. So, they are dischargeable in bankruptcy. “Discharge” basically means the judge eliminates the legal obligation to repay the debt.…
If they meet basic income and debt-related qualifications, anyone can file for bankruptcy at any time. Additionally, since these actions are voluntary petitions, most debtors can pull the…
Filing for bankruptcy gives individuals, families, and businesses who are unable to meet their financial burdens the opportunity to have some or all of their debts forgiven, thus…
