by CEF | Jan 10, 2017 | Chapter 13, Chapter 7, General
Married couples can choose to file for bankruptcy jointly or individually. Whichever option you choose depends on the amount of property you own, whether your debts are joint debts or individual, and the laws of your state. If only one spouse has debt, that spouse...
by CEF | Jan 5, 2017 | Chapter 13, Chapter 7, General
Sometimes married couples think they must file for bankruptcy together, but the bankruptcy laws do not, in fact, apply the principle “until death do you part”. Husbands and wives can file two separate bankruptcy cases under different chapters at the same...
by CEF | Jan 5, 2017 | Automatic Stay, Chapter 13, Chapter 7, General
The “automatic stay” is one of the most important benefits people get from filing bankruptcy. The stay will go into effect the moment the case is filed, and it stops creditors from any collection efforts against the debtor. You get a temporary safe...
by CEF | Jan 4, 2017 | Chapter 13, Chapter 7, General, Women and Bankruptcy
The plain truth of the matter is that women are more likely to file bankruptcy than men. Why? First, women still earn less than their male counterparts at all levels. Even a small difference in income can make the difference when it comes to people on the brink of...
by CEF | Jan 4, 2017 | Chapter 13, Chapter 7, General, Women and Bankruptcy
Did you know that single women comprise almost 40% of all bankruptcy filings? Women often have lower incomes, and after divorce, bear more costs of child-care than men. Women are also more likely to be the ones caring for aging parents. Single moms still have most...
by CEF | Jan 4, 2017 | Chapter 13, Chapter 7, General
The bankruptcy courts periodically compile statistics on why people file for bankruptcy. It is not always wild overspending that pushes people into bankruptcy. The credit card companies will try and make you feel guilty, that you did something wrong in life to be...
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