by Clint Morgan | Aug 2, 2018 | Bankruptcy Law
As a general rule of thumb, it is not a good idea to transfer assets or make big purchases right before you file for bankruptcy. However, sometimes a person facing bankruptcy has no choice but to purchase a vehicle right before filing. Remember, in a bankruptcy the...
by Clint Morgan | Oct 8, 2016 | Bankruptcy Law, Personal Injury
Multiple studies over the last ten years have shown that medical debt is the leading reason that individuals file for bankruptcy. If someone is injured in a car accident, he or she may have to take time off work, and if that person had been barely scraping by, a week...
by Clint Morgan | Apr 23, 2016 | Bankruptcy Law
Let’s say your financial life is a mess. Your income doesn’t cover your bills, you don’t answer the phone because the bill collectors are screaming at you 24/7, you’re afraid to leave the house because Don Corleone is about to sic Guido the Thumbreaker on you because...
by Clint Morgan | Jun 17, 2015 | Bankruptcy Law
There are situations when filing a Chapter 13 bankruptcy can help a homeowner save their house from foreclosure. When a debtor files the petition for bankruptcy relief, the automatic stay kicks in, preventing creditors from collecting any debts from the debtor....
by Clint Morgan | Jun 10, 2015 | Bankruptcy Law
When a debtor files for bankruptcy relief, something called the automatic stay immediately kicks into effect. The automatic stay prevents all creditors from undertaking any action to collect a debt from a debtor. Effectively, the automatic stay often prevents...
by Clint Morgan | Jun 3, 2015 | Bankruptcy Law
How does filing bankruptcy affect credit scores? A Chapter 7 bankruptcy generally remains on the debtor’s credit for ten years and bureaus may stop reporting a Chapter 13 after seven years. While this sounds pretty bad, usually by the time a person gets to the point...
