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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: […]

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 […]

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, […]

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, […]

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, […]

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 […]

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 […]

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 […]

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 […]