Book: Battling Debt Anxiety

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 […]

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 […]

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 […]