joshjacoby

Debt Settlement 101

About 35% of Americans have debt in collections. This means that more than a third of the population has debt that is so past due that creditors have closed the accounts and placed them in collections. Most of these Americans are uneducated as to what it really means to be in debt and how debt […]
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filing bankruptcy Chapter 13

Chapter 13 Overview and Eligibility

Chapter 13 Bankruptcy: Eligibility And Overview Of Payment Chapter 13 bankruptcy allows a debtor to pay back all or some of his or her debts to obtain a discharge. Unlike Chapter 7, where debtors are relieved from paying for their debts, Chapter 13 allows debtors to reorganize their debts and pay them back over time. […]
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Chapter 7 Bankruptcy Basics

Among the different types of bankruptcies, Chapter 7 proceedings, commonly known as a�?liquidation,a�? are the most common. Chapter 7 is a federal court process where most debt will be discharged and any unexempt assets will be sold for the benefit of your creditors. It is an opportunity for debtors who are badly in debt to […]
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Where Do I File Bankruptcy?

Things happen, people move. If you are connected to multiple states or you are planning to move around, you might wonder where you should be filing bankruptcy. You may also have filed for bankruptcy in one state previously and waited the required time period to file another bankruptcy in another state. How do I pick […]
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Who is the Bankruptcy Trustee?

One of the most important pieces to any bankruptcy is the bankruptcy trustee. The trustee will be the one to make most decisions in your bankruptcy. The bankruptcy trustee’s role will depend on the type of bankruptcy that you choose to file (i.e. Chapter 7 or Chapter 13). Who or what is the bankruptcy trustee? […]
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Declaring Digital Assets in Bankruptcy

Your assets, such as your real property or your bank account, are very important in any part of your life. When you declare bankruptcy, you have to disclose these assets to the court in schedules of your bankruptcy petition. While your tangible assets such as cash, your vehicle, and your home are obvious things to […]
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Discharging Fraud Debts

Chapter 7 bankruptcy is said to be a liquidation bankruptcy that provides debtors with a fresh start. Bankruptcy under this chapter of the Bankruptcy Code allows debtors to discharge certain debt, which is why it feels like the debtor is starting anew. However, there are types of debt that cannot be discharged. What kinds of […]
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Attorney’s Fees and Bankruptcy

Legal representation is a very important thing to have in a bankruptcy or any other legal process. However, there are times when you can be saddled with a lot of attorney’s fees from your own attorneys or, in the rare case, the opposition’s attorneys. Bankruptcy is supposed to be a form of debt relief that […]
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