nardonelawfirm

January 1, 2019

What is the difference between secured and unsecured debt?

A creditor is a person or entity that is owed money.  A debtor is the person who owes the money. There are two types of debt: […]
January 1, 2019

If I file bankruptcy, will they take all my stuff?

One common concern for anyone considering bankruptcy is what property they will be able to keep.  Generally speaking, a debtor will be able to keep all […]
January 1, 2019

How will filing bankruptcy affect my credit score?

The simple answer is that a chapter 7 bankruptcy filing stays on your credit report for 10 years and a chapter 13 for 7 years.  However, […]
January 1, 2019

What is a deficiency?

A judgment is the outcome of a lawsuit where the winning party is awarded a sum of money from the losing party. In the bankruptcy context, […]
January 1, 2019

What is a judgment?

A judgment is the outcome of a lawsuit where the winning party is awarded a sum of money from the losing party. In the bankruptcy context, […]
January 1, 2019

If I file bankruptcy, will I ever be able to get credit again?

If you file bankruptcy, will you ever be able to get credit again?  What will happen to your credit score? A person’s credit score determines whether […]
January 1, 2019

If I file bankruptcy, will everyone know?

Who will know if you file bankruptcy?  Has your neighbor filed bankruptcy?  You probably don’t know whether they have or not, and they won’t know if […]
January 1, 2019

How are IRA and 401k accounts affected by bankruptcy?

Any money held in a 401k or IRA account is an exempt protected asset.  This means that it will be not be affected by a bankruptcy […]
January 1, 2019

What is the role of a Chapter 7 or Chapter 13 Bankruptcy Trustee?

The bankruptcy trustee steers the bankruptcy process much like the captain of a ship steers the ship. The bankruptcy trustee is a third party appointed by […]