Month: August 2014

Do's and Don'ts of Bankruptcy

Written By: Emil Fleysher | August 29, 2014 | Bankruptcy
Read everything you need to know about Do's and Don'ts of Bankruptcy. DO: Be honest about all of your assets. Even if you think there is a chance that you might lose it, there are probably other ways in which your attorney can prevent that. Or, you may need to come to terms with that
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What is Chapter 7 Bankruptcy?

Written By: Emil Fleysher | August 27, 2014 | Bankruptcy
A Chapter 7 bankruptcy comes from the 7th chapter of the bankruptcy code. It is also known as the “liquidation” bankruptcy. This is because the Trustee has to liquidate, or sell, all non-exempt property in order to repay your creditors. The majority of individuals who file for Chapter 7 bankruptcy get the keep their property.
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What is Chapter 13 Bankruptcy?

Written By: Emil Fleysher | | Bankruptcy
Read the explanation of Chapter 13 Bankruptcy. If your debts are getting out of your control but your income is still more than the median of the state and you have been living in the same state for the past two years, you can still file for bankruptcy. A Chapter 13 bankruptcy was put in
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No Shame in Filing for Bankruptcy

Written By: Emil Fleysher | August 26, 2014 | Bankruptcy
There is no shame in filing for bankruptcy. From a young age, people are persuaded by means of seductive language and/or highly skilled advertising techniques to purchase products and services deemed essential for their lives; even if those products or services are out of their financial reach. Many of our leaders have told us that
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