There are many different reasons that a person might file for bankruptcy. They could be facing significant medical debt, mortgage debt, a failed business, or even credit card debt. If you’re considering filing for bankruptcy, it is important to think about the timing....
The Means Test is probably the most confusing part of the bankruptcy process that is involved in almost every case. I say “almost every” case because there are certain debtors who are exempt. It’s not exactly a rational test. It was designed to...
Imagine this scenario: you’ve filed a Chapter 7 bankruptcy, and after you’ve received your bankruptcy discharge wiping out your debts, you receive a 1099-C from a creditor. A 1099-C stands for “Cancellation of Debt” income because under normal...
Paying a car payment each month with interest you know is exorbitant can be agony. But did you know that you could use bankruptcy to lower your car payments? There are actually two different ways to accomplish a lower car payment by filing bankruptcy, and both are...
If Unifund CCR, LLC has served you with a debt collection lawsuit, the end is not near. Like Cavalry Portfolio and Midland Funding, Unifund CCR, LLC is a junk debt buyer with a business model that relies on the fact that 95% of consumers won’t respond to their...
