Preferential Transfer When you file for bankruptcy, the bankruptcy court determines the order of payments.Ā This is true for both Chapter 7 and Chapter 13 bankruptcy. Some debts have high priority. You pay them, in full or in part, after liquidating your assets or through your payment plan. Other debts are low-priority. You pay them […]
Can filing for bankruptcy help you with unpaid medical bills? One of the most common misconceptions about bankruptcy is that everyone who files was irresponsible with money. Of course, there are people who file for bankruptcy because they mishandled credit cards, spent more than they earned, or failed to budget as needed. There are also […]
Bankruptcy Court Bankruptcy is a process that many people find intimidating. In part, this is because they must turn their financial information over to the court system. Bankruptcy court oversees your case when you file. Filers must operate within the letter of the bankruptcy law once they file. Understanding how the bankruptcy court system works […]
Bankruptcy Counseling Filing for bankruptcy is not an easy decision. For many, itās their only option for getting the debt relief they need to start fresh and move forward in their lives. But even if you are sure bankruptcy is right for you, it can still be a confusing and intimidating process. Thereās a lot […]
Why Hiring a Bankruptcy Attorney is Worth the $ ā Infographic The Law Offices of Robert M. Geller makes it easy! At the Bankruptcy law firm of Robert M. Geller our goal is to simplify the bankruptcy filing process as much as possible. We realize that you are seeking our support at a very […]
How to Declare Bankruptcy Bankruptcy is a last resort for many who file. After attempting to clean up a messy financial situation with other options, people with credit problems turn to bankruptcy, knowing it offers a drastic solution to a significant financial crisis. But until they reach they point many people don’t know how to […]
Medical Bankruptcy Healthcare costs are one of the biggest expenses modern-day Americans face. It leads many people to wonder if medical bankruptcy is an option. Even people who have health insurance often find themselves in serious debt after dealing with a medical crisis. And because of this, unpaid medical bills are one of the primary […]
Bankruptcy Secrets Did you know that knowing just a few of these often-unknown bankruptcy secrets can help you with filing? Bankruptcy isnāt necessarily something people want to achieve. Instead, it’s a helpful tool to use when your financial situation takes a turn for the worse. Under US law, you have a right to file for […]
CARES ACT Last week the president officially signed the CARES Act into law. The CARES Act, short for Coronavirus Aid, Relief and Economic Security Act, includes many provisions that affect bankruptcy cases. It also addresses bankruptcy payment plan modifications and federally backed residential mortgage loans and foreclosures and evictions. The following questions and answers will […]
COVID-19 Bankruptcy Information COVID-19, the new coronavirus, is affecting every aspect of our lives. For many, the pandemic has been especially burdensome financially. People across the country want to know what the short- and long-term ramifications of the virus will be on their bank accounts. Many are concerned COVID-19 could drive people into bankruptcy or […]
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