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How Many Times Can You File Bankruptcy?

Bankruptcy

While there are few limits as to how many times you can file bankruptcy, actually receiving a discharge can only happen every so often. This is important to remember because the main goal for most debtors is obtaining a fresh start through bankruptcy discharge. So, that makes the question not really “how many times can […]

What Are the Benefits of Chapter 13 Bankruptcy?

Bankruptcy

If you are struggling with overwhelming debt, Chapter 13 bankruptcy could potentially help you regain control of your finances. But what are the benefits of Chapter 13, and do you qualify? To learn more about filing for bankruptcy, contact a Westfield MA bankruptcy attorney at the Law Office of Eric Kornblum today. What Is Chapter […]

How Does the Automatic Stay Protect You During Bankruptcy?

Bankruptcy

When you file bankruptcy, the automatic stay can help save you from immediate financial ruin. But what can the automatic stay do (or not do)? If you’re worried about losing your property to a collection action, speak to a Westfield MA bankruptcy attorney at the Law Office of Eric Kornblum today. We’ll show you how […]

Is Bankruptcy Right for Me?

Bankruptcy

“Is bankruptcy right for me?” It’s a common question, and the truth is, bankruptcy may actually be the best way to get a fresh start on your finances. But whether or not you should file really depends on your circumstances. If you are wondering whether to file bankruptcy or not, a bankruptcy attorney can help […]

Calculating Your Chapter 13 Repayment Plan

Chapter 13

Most people go into a bankruptcy seeking to discharge their debts through Chapter 7, but Chapter 13 may be the best option for you depending on your circumstances. If you make too much money to file Chapter 7 or want to keep all your property, it’s the way to go. Filing a Chapter 13 repayment […]

Chapter 7 vs. Chapter 13: Which One is Right for You?

Bankruptcy, Uncategorized

Chapter 7 bankruptcy and Chapter 13 bankruptcy are wildly different. Not only is the filing process different, but the way that the bankruptcy discharges your debts is also different. In most cases, people prefer to file for Chapter 7. But there are some instances in which Chapter 13 is the preferred form of bankruptcy. In […]

Can Bankruptcy Stop Foreclosure?

Bankruptcy

Your home is probably your most important asset. When you fall into debt, creditors can apply pressure by putting a lien on your home. There’s also the chance that you fall behind on mortgage payments and the bank is threatening foreclosure. At this point, you have a couple of options available to you that will […]

What to Expect at a 341 Meeting of Creditors

Bankruptcy

Section 341 of the bankruptcy code stipulates that those who have filed for bankruptcy are required meet with the bankruptcy trustee and their creditors in what is known as the 341 meeting of creditors. While the name has a slightly clinical and authoritative tone to it, it’s generally not as bad as it sounds. The […]

Wage Garnishments and Bankruptcy

Bankruptcy

Filing bankruptcy may prevent wage garnishment by an aggressive creditor. In fact, you may even recover garnished wages through bankruptcy. Keep in mind that exceptions do apply. Read on for more information regarding wage garnishments from our Springfield bankruptcy attorney. Automatic Stay An automatic stay forces creditors to stop most collection activities, in this case, […]