If you are a homeowner in West Virginia who is struggling with debt and considering filing for bankruptcy, you may be worried about losing the family home. However, depending on your situation, you may be able to keep it if you file for Chapter 7 bankruptcy. Home...
The People’s Lawyer
Bankruptcy
Is it time to file for bankruptcy?
Deciding to file for bankruptcy is a major financial decision that you should not make lightly. People sometimes put off filing for bankruptcy for many reasons, when bankruptcy could be the best option. Why people do not file You might worry that bankruptcy will...
What is a Chapter 7 bankruptcy?
The umbrella of bankruptcy protects different types of debtors and their assets. Bankruptcy under Chapter 7 eliminates debt through a liquidation, or selling off, of assets. Court-appointed trustees take possession and distribute proceeds to creditors. Though...
How to approach the holidays after your Chapter 13 bankruptcy
As the holiday season approaches, you might be worried about being able to afford gifts and other holiday-related events after you have completed a Chapter 13 bankruptcy. While a Chapter 7 bankruptcy discharges your qualifying debts, a Chapter 13 bankruptcy allows you...
The leading cause of modern bankruptcy may shock you
Bankruptcy is a legal tool that helps those with debt reduce their financial obligations. A successful personal bankruptcy filing will result in both an automatic stay to prevent most collection activity and a discharge of someone's remaining unsecured debts if the...
What does liquidation mean during bankruptcy?
Bankruptcy is a big word with a lot of misconceptions attached to it. Many West Virginians understand bankruptcy to be a process where a person can get rid of some or all of their debts but that may leave them with no credit and other headaches. While bankruptcy can...
