By Jeff Field | Published October 13, 2025 | Posted in Bankruptcy | Tagged Tags: crowdfunding, debt, Medical | Leave a comment
Crowdfunding Campaign Proceeds Might be Liquidated in a Bankruptcy Proceeding
During medical crises and other periods of intense financial hardship, many families now turn to crowdfunding campaigns. Using popular websites such as GoFundMe and GiveSendGo, loved ones, friends and even strangers can contribute in order to help relieve someone’s debt burden. Of course, these efforts often fail to provide the full amount needed to pay Read More
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Book Analyzes Data on Bankruptcy Filing Demographics and Causes Over the Last Decade
One of the biggest misconceptions people have when they’re considering filing for bankruptcy is that they’re all alone. Most of us are reluctant to discuss financial problems, even with friends and family members who are very close to us. A new book by three professors analyzes information regarding bankruptcy filings over more than a decade 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 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
Read MoreGeorgia 2025 Median Income Amounts for the Chapter 7 Bankruptcy Means Test
The 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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What Are Reasons that People Can Be Disqualified from Seeking Bankruptcy Protection?
Bankruptcy protection exists to assist individuals and businesses facing overwhelming debt. There are several different options available under the Bankruptcy Code, and almost anyone struggling to meet their financial obligations can find a path that helps them make a fresh start. However, not every filing is automatically approved. If you’re considering seeking debt relief through Read More
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How Can Holiday Gift-Giving Affect an Upcoming Bankruptcy Filing?
During the holiday season, it’s easy to get caught up in the gift-buying frenzy. Many people at all income levels end up spending more than they had originally planned. If you’re considering filing for bankruptcy, it’s essential to approach gift-giving thoughtfully. You might be inclined to splurge on one last round of presents before seeking Read More
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Researchers Work to Reduce Bias in Bankruptcy Proceedings
Bankruptcy can be life-changing for people who are held back by debt that they are unable to repay without some help. Every person who legally qualifies for bankruptcy protection should be able make a fresh financial start. Unfortunately, researchers at MIT have found that bias on the part of trustees might be preventing some Black Read More
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Potential Changes to Bankruptcy Law in 2025
Though the general purpose of bankruptcy protection remains the same, lawmakers and others frequently look for ways to make the system work better for debtors and creditors. Disruptions caused by the COVID-19 pandemic and concerns about the treatment of student loan debt have set the stage for several potential changes to bankruptcy law. With Americans Read More
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What Is Considered During a Chapter 13 Feasibility Analysis?
For many people who have fallen behind on what they owe, a Chapter 13 bankruptcy seems like the right solution. This is particularly true for those who are earning a steady income, but can’t catch up after a financial setback, such as a divorce, accident, medical crisis or temporary job loss. Instead of discharging nonexempt Read More
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