Unlike ordinary unsecured debt, such as credit card debt, which is easily dischargeable in Chapter 7, most college loans are extremely difficult to discharge. However, in a few cases, petitioning for the discharge of private and/or federal student loan debt is easier....
If you’re drowning in debt, declaring bankruptcy may be your only option. Unfortunately, some people are hesitant to file for bankruptcy because the process may feel overwhelming, especially when they realize they will need to attend not one class, but two! The...
Is It Smart to Take Money Out of Your 401(k) to Avoid Filing for Bankruptcy? People may rush to use all of their resources to make payments when they are confronted with mounting financial problems. It’s important to remember that this isn’t always the...
The short answer is that an “automatic stay” is imposed when you file for bankruptcy. It protects everything you own and prevents creditors from pursuing you for payment. This also applies to your automobile. However, your protection will only be temporary...
Certain debts, some of which are secured by property like a house or car, are dischargeable in bankruptcy, while others are not. To protect your belongings and yourself, understand which loans fall into which categories. As a new bankruptcy client at Winterbotham...
If you are considering declaring bankruptcy, you should be aware that the timing of your filing may have an impact. One of the reasons we recommend consulting with a bankruptcy lawyer before deciding when to file is to avoid surprises. Continue reading to find out how...
If you are dealing with massive debt and poor credit, you may wonder if Chapter 7 is the solution. Continue reading to learn more, and call Winterbotham Parham Teeple, a PC at 800.400.9000 for a free bankruptcy consultation with an experienced lawyer in California. It...
Although owning a small business has many advantages, it also has many disadvantages. Simply put, employees of large corporations or government agencies have far more job security than small business owners. Small business owners may find themselves foregoing personal...
Student loan debt is a crippling burden for many students and older folks who may have co-signed loans for youthful relatives. Unfortunately, student loan debts do not typically discharge in bankruptcy unless your specific financial situation qualifies you for a...
An aggressive creditor can make your bankruptcy case much more difficult, whether you are a business or an individual. Typically, creditors understand that you are declaring bankruptcy for legitimate reasons and will not object to your discharge. However, a credit...
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