- Child SupportOne of the first things a bankruptcy attorney will do is determine if you meet the income requirements to file Chapter 7. If you do, the attorney will then discuss your debts with you. The main goal of Chapter 7 is to get rid of debts without repaying them, and this can happen through a discharge. It's important to note that there are certain debts that cannot be discharged, and your lawyer will be able to tell you which ones can and cannot just by looking at the debts you have. For example, credit card debts can almost always be discharged, while child support arrearage cannot.
- DUI/DWIEven if the person doesn't live in your household, you can still be held liable for an accident if you let someone you knew was unfit to drive borrow your vehicle. If you know your friends had a few glasses of wine and you let him drive your car, for example, you will be held equally responsible for any damage he causes while on the road. In some states, you could be hit with DUI charges as well, even though you weren't present.
- BankruptcyPerhaps you’ve hit a financial rough patch in your life or your business model didn’t work as effectively as you had predicted. Perhaps credit card debt and loans you have taken out have finally crept up on you and you have found that you are unable to keep up with the payments. If these are the case, then it might be the case that you should file for bankruptcy. Every year, close to 1,000,000 people file for bankruptcy, the majority of these being Chapter 7 bankruptcy cases.… Read More »
- ForeclosureYour home is likely one of your most financially and emotionally important purchases that you have ever made. Not surprisingly, the threat of losing the home to foreclosure can be a source of immense fear and panic. However, it is important to understand that there are rights afforded to homeowners with mortgages, and taking the time to familiarize yourself with foreclosure could greatly reduce the confusion or stress that you feel.