by Chris Williams | Jul 19, 2022 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
As a general rule, your student loans will probably not be dischargeable. The bankruptcy provides that all debts are dischargeable unless they fall under an exception. Those exceptions to discharge fall under 11 USC § 523. The standard that section 523 provides, along...
by Chris Williams | May 9, 2022 | Chapter 7 Bankruptcy
During my meetings with potential bankruptcy filers, I often get questions about its morality. “Is it okay for me to file bankruptcy?” “I borrowed the money, so my feeling is that I should pay it back?” Whether or not it is morally okay for a person to file bankruptcy...
by Chris Williams | Apr 12, 2022 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
Bankruptcy is designed to provide a debtor with a fresh financial start. To facilitate that, the bankruptcy code provides that people are allowed to exempt, or protect, property they own at the time they file bankruptcy. They delegated these exemptions to the states,...
by Chris Williams | Jan 7, 2022 | Chapter 7 Bankruptcy
The bankruptcy code is a fickle beast encompassed with rules that aren’t necessarily intuitive without a bankruptcy lawyer. If you’re considering a bankruptcy case, there are many things that you should avoid doing, which may negatively affect your filing. Avoid...
by Chris Williams | Dec 15, 2021 | Chapter 7 Bankruptcy
When learning about what a bankruptcy case entails, you’ll inevitably hear about a trustee here and there. Between a standing trustee, panel trustee, U.S. Trustee, the Judge, and other participants in a bankruptcy case, it can get confusing who is who. Today, we’ll...
by Chris Williams | Dec 1, 2021 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
To be eligible for a discharge, a Debtor must not have filed bankruptcy within a specific period of time prior to their newest bankruptcy. Filing a bankruptcy case too soon, within that period, will prevent the Debtor from receiving a discharge. A Debtor must wait...
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