By Jeff Field | Published August 11, 2025 | Posted in Bankruptcy, Chapter 7 | Tagged Tags: bankruptcy, chapter 7, interest rates | Leave a comment
Chapter 7 Bankruptcy Filings Increase in First Half of 2025
Since the beginning of 2025, the news has been filled with stories related to America’s economy and the changes instituted by the new presidential administration. Though there is disagreement about the best way to proceed and we probably won’t know the true effects of new policies for quite a while, many people in the United Read More
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Are Debts Owed for Traffic Violations and Other Offenses Part of a Chapter 13 Repayment Plan?
Filing for Chapter 13 is the right option for many individuals facing financial distress despite the fact that they are earning a steady income. Many people are unable to climb out to debt on their own when a short-term job loss, medical issue, divorce or expensive repair sets them back. By developing a fair repayment Read More
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Bankruptcy and 401(k) Loans
People facing unrelenting pressure from creditors often consider a range of options. For many, bankruptcy offers the clearest path to a fresh financial start. Another option some people consider is taking out a loan against the funds in their 401(k) retirement account. Under both Chapter 7 and Chapter 13 filings, 401(k) plans are generally protected Read More
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Can You Keep Your Airline Miles and Reward Points if You File for Bankruptcy?
When you seek relief for overwhelming debt through Chapter 7 bankruptcy, it’s possible that some assets you own will be taken and sold by the trustee in order to help pay your creditors. Several types of items are fully or partially exempted from liquidation, but you might be unclear on whether you can keep certain Read More
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Bankruptcy Among Financial Professionals
Debt problems cut across all demographic groups and workers in every industry. Doctors, lawyers and even financial professionals frequently file for bankruptcy when they can no longer pay creditors what they owe. This highlights the fact that financial struggles are usually attributable to unfortunate circumstances that can affect anyone. If you work in the financial Read More
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What Are the Most Common Reasons Why People File for Bankruptcy?
Bankruptcy is a personal decision, and while some people are uncomfortable talking about financial problems, it’s important to understand that there are many others in the same position. When you’re struggling with calls and other types of pressure from creditors and collection agencies, it might be time to discuss your particular circumstances with a qualified Read More
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Does a Parent’s Bankruptcy Affect a Student’s Ability to Obtain Financial Aid?
When parents face financial difficulties while they’re also considering how to fund higher education for their children, it can be very frustrating and confusing. With the annual cost of attendance at some universities approaching $100,000, numerous families rely on substantial financial aid. Exactly how much is available in a given situation depends on a seemingly Read More
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Bankruptcy Inquiries Increasing, Filings Might Surge in Summer
Nothing is certain when trying to predict what will happen in the American economy, but research shows that reasonable conclusions can be made by examining specific data points. One potential way to anticipate trends in bankruptcy filings is to see how many people are going online to research debt-relief methods and seeking information from attorneys Read More
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How Are Subscription Services Like Netflix Treated in a Chapter 7 Bankruptcy?
Over the last decade or so, many of us have shifted more of our budget to subscription services, where a fee is automatically deducted from our credit card or bank account, usually on a monthly basis. This trend is probably most associated with home entertainment and music providers, such as Netflix, Hulu Amazon Prime and Read More
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Issues Related to Travel Before and During the Bankruptcy Process
There are many reasons why people love to travel even when they are dealing with financial challenges. In addition to the enjoyment of seeing new places, people might want to stay in touch with family members or assist a loved one during a medical crisis. Taking a trip can be costly though, so if you’re Read More
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I had an excellent experience working with my bankruptcy attorney. From the very beginning, they were professional, knowledgeable, and compassionate. Filing bankruptcy can be overwhelming, but they took the time to explain every step of the process, ...
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