Author Archives: Bethany Lape
Can I Really Get Rid of That Debt?
Debtors filing for bankruptcy are amazed at just how much debt they can eliminate. Whether you’re filing Chapter 7 or Chapter 13 bankruptcy, the amount of debt you can discharge (i.e. cancel) can...
Credit Counseling and Debtor Education
In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act. The Act requires that individuals filing for bankruptcy complete a credit counseling course prior to filing. It...
The Credit Basics You Need to Know
Understanding Credit Why is it important to know your credit score and how credit works? It’s hard if not impossible to go through life without needing credit. Whether you are buying a home or...
Unsure if bankruptcy is the right choice?
When dealing with the stress of financial hardship it’s easy to put off discussing the possibility of bankruptcy. However the process is designed to provide protection to you as a debtor: it keeps...
Exemptions, assets, liens…oh my.
Unfamiliar with the all the legal and bankruptcy jargon you keep hearing and seeing? Understanding common bankruptcy terminology will help you navigate the bankruptcy process. Here are 10 common...
Which Chapter Is Right For You
If you’re faced with mounting debts, pesky bill collectors, and not enough money to handle it all, you may be considering bankruptcy. But which bankruptcy chapter is right for you? Let’s take a...
How Exemptions Protect Your Assets
One of the most common misconceptions about bankruptcy is that debtors filing bankruptcy will lose all of their possessions. Nothing could be further from the truth. The good news is that most...
What is a 341 meeting?
Whether you’re filing Chapter 7 or Chapter 13 bankruptcy, you’re required to attend a “341 meeting” or what is commonly known as the meeting of the creditors. This meeting typically takes...