Firm News

For many people unable to pay their bills, bankruptcy is the only reasonable option to restore some kind of financial stability. Most people worry about the possessions they will lose in the process. When you file bankruptcy, what can you keep? The answer is more than...

It is fairly well understood that medical costs — such as a two-day emergency hospitalization that comes with a bill of more than $100,000 — are a primary cause of bankruptcy in America. Changes in health insurance plans under the Patient Protection and Affordable...

Bankruptcy is a smart option for those facing bills that realistically will never be paid. Understanding the need for consumers to get a fresh start after financial hardship, legislators created options to help you recover financial health. Two of those options are...

If you are considering bankruptcy as an option, you need to separate fact from fiction. Consider these points: Fiction:  Changes in the bankruptcy law in 2005 made filing for bankruptcy impossible. Fact: Legislative changes to the U.S. Bankruptcy Code in 2005 were...

Bankruptcy is a powerful option to help you regain secure financial footing. If you are facing expenses and bills you cannot pay, understanding what bankruptcy has to offer is important. Consider these advantages of filing for bankruptcy: Immediate relief from...

In 2005, significant changes to the U.S. Bankruptcy Code were made to reduce the number of people eligible to file for Chapter 7 bankruptcy, the most commonly filed form of debt relief. Part of the reasoning behind the legislative change was the belief that too many...

A credit score, often called a FICO, is determined from information listed on your credit report. FICO is an acronym for Fair Isaac and Company, the developer of software used to calculate credit scores. Used by insurance companies, lenders and even employers, your...

If your finances are too tight and you cannot regularly pay your bills, it is time to take stock of your real financial picture. Recognizing signs of serious insolvency can help you make the decision to move forward with bankruptcy or another option. Some people look...

In the politically charged atmosphere surrounding the Affordable Care Act, it is hard to get a straight answer about whether medical bankruptcies are a driving factor behind personal insolvency in the United States. By some measures, medical bills are a contributing...

Bankruptcies in the United States are overseen by a trustee appointed by the court. However, a bankruptcy trustee is not the same as the United States Trustee, the federal office charged with overseeing the bankruptcy process throughout the country. The United States...