By Jeff Field | Published July 21, 2025 | Posted in Bankruptcy, Chapter 7 | Tagged Tags: asset, bankruptcy, frequent flyer | Leave a comment
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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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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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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Establishing a repayment plan through Chapter 13 bankruptcy is the right path for many Americans who earn a steady income but have been unable to catch up on their financial obligations. In these arrangements, individuals agree to bring down their debts according to a schedule lasting three or five years. Repayment terms are designed based Read More
Read MoreThe first step in determining whether Chapter 7 bankruptcy is the best solution for your debt problems is to see if you are eligible for this type of relief. Not everyone has the legal ability to discharge their debts. First, you must see if you qualify under the means test, which is a formula that Read More
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Over the years, many people have referred to Chapter 13 bankruptcy as the “wage earner’s plan” because it provides debt relief based on the income that a filer is expected to earn. During this legal process, a repayment schedule lasting three to five years is carefully created so that filing parties can bring down their Read More
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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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Chapter 7 bankruptcy allows a filer to discharge their debts and move forward on a solid financial foundation. During this legal process, the appointed trustee might sell some of the filer’s assets and use the proceeds to pay part of what they owe to creditors. This is referred to as liquidation. However, certain types of Read More
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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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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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