by Richard Weaver | Aug 26, 2015 | Uncategorized
As one half of a married couple, you have the option of filing for bankruptcy individually, or filing a joint petition along with your spouse. There are advantages as well as disadvantages to filing for bankruptcy jointly with your spouse. One of the most obvious...
by Richard Weaver | Aug 24, 2015 | Uncategorized
There are a number of varied emotions that you’re likely to feel as you go through a bankruptcy. From nervousness, anxiety, and outright fear, to depression, and sadness, you will feel many emotions as you go through the process. It’s important to understand...
by Richard Weaver | Aug 21, 2015 | Uncategorized
According to a recent survey, as many as 7 out of 10 Americans admit that they cannot get by without some form of debt. Unfortunately, the changed economic circumstances since the recession mean that for many Americans, debt is probably going to be a fact of life for...
by Richard Weaver | Aug 19, 2015 | Uncategorized
The means test is used to determine whether you qualify for bankruptcy. In the context of a Chapter 7 bankruptcy, the means test is used to see whether a person has any income left over to pay back debts. If your income is lower than the state median, you will qualify...
by Richard Weaver | Aug 17, 2015 | Uncategorized
When a business being run as a partnership is in financial trouble, partners may decide to file for a business bankruptcy.. However, if you are filing for Chapter 7 bankruptcy, you may not be eligible for discharge of your debt, and exemptions. In a Chapter 7...
by Richard Weaver | Aug 14, 2015 | Uncategorized
Some small business owners may not have bothered to structure their business as a specific business entity. That means that they are the sole owners of the business. In such cases, the owner of the business may find himself personally liable for all of the business...
