Category Archives: Bankruptcy

Posted by Steven A. Harris | Bankruptcy

When filing for Chapter 7 bankruptcy, one of the major concerns for homeowners is whether they will be able to keep paying their mortgage and keep their home.  The answer is that it depends on a number of factors, including the type of bankruptcy, the status of the mortgage, and the individual circumstances of the …

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Posted by Steven A. Harris | Bankruptcy

The main difference between Chapter 7 and Chapter 13 bankruptcies is that Chapter 7 involves liquidating assets in exchange for debt forgiveness while Chapter 13 involves filing a repayment plan to creditors. When you talk to a local Montgomery bankruptcy lawyer, they can help you decide which bankruptcy is best to file. Chapter 7 bankruptcy …

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Posted by Steven A. Harris | Bankruptcy

A Chapter 13 bankruptcy is a type of bankruptcy that allows individuals to repay their debts over a three to five-year period.  This type of bankruptcy can be especially helpful for those who have unsecured debts, such as credit card debt, medical bills, and personal loans. When you talk to our bankruptcy attorney in Montgomery, …

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Posted by Steven A. Harris | Bankruptcy

Yes, bankruptcy can often help individuals get rid of a lawsuit related to credit card debt. When you file for bankruptcy, an automatic stay goes into effect that prohibits most creditors from taking further action to collect a debt. This includes lawsuits, wage garnishments, and other collection efforts. However, there are some limitations and exceptions …

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Posted by Steven A. Harris | Bankruptcy

Fraudulent transfers in bankruptcy are transactions in which the debtor (the person or entity filing for bankruptcy) transfers assets to another person or entity for less than the fair value with the intention of defeating the claims of their creditors. Fraudulent transfers can occur before or after the bankruptcy filing and can be used to …

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