Benson Bankruptcy is providing Seniority Services for seniors, veterans, and people with disabilities. We know transportation can be a challenge, especially during COVID-19. We also know how important it is to move your case along in comfort. That’s why we are providing Seniority Services at no cost to you. As part of these services, we offer to drop off and pick up any documents that are required. If you would like to receive these free services, please complete the form below, and our office will be in touch.
Most people contemplating bankruptcy obviously are in a financial bind. As a result, it is natural that one of the questions they ask of a bankruptcy attorney is how much it will cost to file. While this desire to keep the cost as low as possible is understandable, those considering bankruptcy should be aware that …
Chapter 6
How Much Should It Cost to File Bankruptcy? Read More »
If you make more than the median income for your household size and cannot pass the Means Test, you may be unable to qualify to file bankruptcy under Chapter 7. Most debtors who do not clear these two hurdles will then opt for filing under Chapter 13 and perform a Wage Earner Plan for the …
Although most folks looking for relief from overwhelming debt would prefer the “quick and dirty” Chapter 7 discharge, there are several reasons why filing under Chapter 13 and making payments for 3-5 years might be preferable. Of course, those households with over-the-median income will likely have to file a Plan anyway and may not have …
Chapter 4
What are the benefits of Chapter 13 Wage Earner Plan? Read More »
Many clients ask about the differences between the various chapters in bankruptcy and whether they have a choice in determining under which chapter they will file. The answer is, as in many things in life, it depends. Qualifying for a Chapter 7 case (liquidation) will require that either: (1) the debtor’s household income falls below …
Chapter 3
What are the benefits of filing under Chapter 7? Read More »
Bankruptcy is an ancient right. Medieval church law provided for the discharge of debt in exchange for the liquidation of all but one’s necessary assets. This led to the enactment of the first bankruptcy laws in merry old England and was a precursor to our modern Chapter 7 bankruptcy law. But even that advancement was …
Chapter 2
What is the difference between Chapter 7, Chapter 11 and Chapter 13? Read More »
Will bankruptcy brand me as a complete failure? If you’re feeling down in the dumps because of financial problems, don’t despair! You’re in good company! Take a look at this list of very famous people who filed for bankruptcy or endured severe financial hardship before the modern bankruptcy code was adopted. Keep in mind that …
Many people will be surprised to learn that, under certain circumstances, old debt owed to the IRS may be wiped out in bankruptcy. Of course, there are some taxes that will always survive the Court’s order of discharge. For example, amounts due under fraudulent returns cannot be eliminated even though the general requirements for discharge …
How Much Does It Cost to File Bankruptcy? Most people contemplating bankruptcy obviously are in a financial bind. As a result, it is natural that one of the questions they ask of a bankruptcy attorney is how much it will cost to file. This desire to keep bankruptcy costs as low as possible is understandable. …
When you file your Chapter 7 petition, the next step you are required to complete is a 341 meeting of creditors. Named after section 341 of the bankruptcy code, this meeting is the moment you meet the Chapter 7 trustee handling your case, provide necessary documentation, and answer a few questions about your debts, finances, …
And which is right for you For many who are looking to get rid of debt that is threatening their home, livelihood, and sanity, bankruptcy is often heralded as the gold standard to debt management. With two chapters for consumer bankruptcy and alternative options for business owners, it seems like a logical solution to start …