Date archive: July 2018

WHAT IS BANKRUPTCY

Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and decide whether to discharge those debts so they are no longer legally required to pay them. Bankruptcy laws were written to give people whose finances collapsed, a chance…

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When Should I File Bankruptcy

VERY GOOD QUESTION, OFTEN ASKED BY OUR CLIENTS There is no “perfect” time, but there is a good rule of thumb to keep in mind when you’re asking yourself the question: should I file for bankruptcy?? If it is going to take more than five years for you to pay off all your debts, it…

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