Bankruptcy

Chapter 7 bankruptcy is sometimes referred to as a “Liquidation Bankruptcy.”  Its primary purpose is to discharge certain debts and give you a “clean slate” in a relatively short period of time. You will be able to live your life free of collector calls, overdue payments, and the stress of being…

A Chapter 11 bankruptcy is sometimes referred to as a “business reorganization” bankruptcy. However, it can also be filed by an individual whose debts exceed the limits of a Chapter 13 bankruptcy.  A Chapter 11 bankruptcy filing allows a business to continue operations while a repayment plan is…

Chapter 13 bankruptcy is a powerful legal tool that enables you to protect your property in times of financial hardship. A Chapter 13 bankruptcy is sometimes referred to as a “wage-earners” plan.  In order to qualify, you must have a steady income (which can include self-employment).  Chapter 13…

There are several ways to rebuild your credit history.  Here are some ideas and suggestions:

GET A SECURED CREDIT CARD

For consumers who have recently gone through bankruptcy, it is wise to obtain a secured credit card.  Secured cards require that the applicant open a bank…

The bankruptcy means test essentially determines whether a person can file Chapter 7 or must file under a different chapter of the bankruptcy code, such as Chapter 13 or Chapter 11. Individuals whose income is low enough may file Chapter 7, but those who fail the means test must file Chapter 13…

An example of using bankruptcy as a sword often arises in cases where the sale of the family residence will yield substantial net sales proceeds which the potential debtor wants used to pay community debts. Often, the non-filing spouse refuses to sell the house or, if the parties agree to sell…

You will be pleased to know that our clients are often able to avoid bankruptcy by entering into a repayment program negotiated by the Red Hill Law Group bankruptcy alternatives team.  Our bankruptcy alternatives team will work with your creditors to reduce original debt balances by up to 90…