Last week a single mother contacted our office about filing for bankruptcy. On the day of her appointment, she called and cancelled stating a family member had paid off ALL her debt. Its not often we hear such great news. We are very happy to hear of her good fortune.
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Medical Bills can Lead to Bankruptcy
A recent study shows that more than credit card or mortgage debt, large medical bills are the main reason people need to file bankruptcy. In fact 3 out of every 5 bankruptcies are driven by medical bills. These bills are not just for the uninsured either. Many people with high deductible insurance coverage wind up… Continue Reading
You Can Keep Assets Even If You File Bankruptcy
One of the most common misperceptions about Bankruptcy is that you will lose all of your property. That is simply untrue. You are permitted to retain a certain amount of property. You will list all of your assets on your “petition” and the schedules related to the petition. You, often with the assistance of your… Continue Reading