The law requires a debtor in bankruptcy to disclose all of his or her assets and property. Many clients ask what will happen to their jewelry, especially their wedding rings. The short answer is that you typically can keep your wedding rings but other jewelry may not be exempt under the law. Most states allow […]

If you are considering filing a personal bankruptcy, you are likely worried about how much it cost you. The cost of filing for Chapter 7 and Chapter 13 has been increasing since the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act was passed. Examples of the fees a debtor must pay include a charge to […]

When you file a Chapter 7 or Chapter 13 case, you must list every person that you owe money to, including friends and family members. The law does not allow you to pick and choose which creditors to include in your filing. In fact, intentionally omitting certain debts from your case could result in it […]

Your credit report is extremely important when you are trying to buy a home or vehicle, rent an apartment or make another significant purchase. It is important because lenders, insurers, employers, and others may obtain your credit report from credit bureaus to assess how you manage finances. Your credit report is often the basis for […]

A Chapter 7 or Chapter 13 filing typically allows an individual to discharge the majority of his or her debts.  However, a discharge is not guaranteed. There are certain rules and procedures a debtor must follow and the filing must be done in good-faith. Under Section 727 of the Bankruptcy Code, the trustee or a […]