Will bankruptcy stop wage garnishment?

Tweet When you are already struggling to pay your bills, having your paycheck garnished is a killer. Instantly you might not have enough money to pay your utilities, car payment, mortgage or even buy groceries or medicine. Filing for bankruptcy …

Do I need an attorney to file bankruptcy?

Tweet Federal law does not require you to have an attorney. You can file for yourself, referred to as filing “pro se”. However, without the assistance of an attorney, it is extremely difficult to complete a bankruptcy successfully. You would …

How do I know if I should file for bankruptcy?

Tweet If you’re asking this question odds are you should file. A good gauge is if you have more month than money. If you can’t pay your bills and are falling further and further behind you should file. The most …

Who Can File For Bankruptcy?

Tweet Generally, anyone can file for bankruptcy. However, not everyone qualifies to file bankruptcy. In order to be eligible you must meet certain criteria. Your income cannot be over a certain amount, there are limits on the time between previous …

What is reorganization bankruptcy?

Tweet Chapter 13 is the most common reorganization bankruptcy for consumers. Chapter 13 bankruptcies are repayment plans. These plans are typically used to help catch up home or vehicle payments over a period of time, but not exclusively. Chapter 13 …

What is a liquidation bankruptcy?

Tweet Chapter 7 bankruptcy is a liquidation bankruptcy. A Chapter 7 bankruptcy is a straight wipe out of all of your debt, with a few exclusions thrown in. Chapter 7 bankruptcies may be filed by an individual, a husband and …

What is bankruptcy?

Tweet Bankruptcy is a federal court process designed to help consumers and businesses eliminate their debts, or repay them, under the protection of the bankruptcy court. Bankruptcies can generally be described as “liquidation” (Chapter 7) or “reorganization” (Chapter 13).