Debts that are generally dischargeable in bankruptcy include credit card debts, unsecured personal loans, outstanding medical bills, overdue utility bills and other types of unsecured obligations owed by a debtor. With secured debts, liens are generally discharged in special circumstances, via special proceedings. However, a debtor’s personal liability on the secured debt is almost always [...]
July 2009
Even when faced with a financial crisis, many people hesitate to declare personal bankruptcy, primarily because they think they’ll never be able to take out a home mortgage, obtain a credit card, or buy a car again. They envision themselves having to pay bills through Western Union, and being unable to use a credit card [...]
Bankruptcy is not the end of the road. Bankruptcy is only the beginning. I’ve been practicing bankruptcy law for many years, and I can honestly say that I have helped thousands of families receive a Fresh Start. The one thing that I always wonder is: What will they do with that Fresh Start? Most Bankruptcy [...]
Jacksonville bankruptcy attorney Chip Parker has begun releasing a series of video blogs entitled Attorney on the Go on the Bankruptcy Law Network YouTube Channel. The topics will cover a variety of bankruptcy and foreclosure basics. You can subscribe to the channel, and whenever any of the BLN authors post a video blog, you’ll be [...]
Over the past couple of years I have met with several potential clients who were in the MLM (multi-level-marketing) business and were looking to file (Chapter 7) bankruptcy. Recently I spent a good 45 minutes on the phone with another potential client in the MLM business and this conversation got me thinking about the issues [...]
Individuals file Chapter 13 bankruptcy for a variety of reasons. The following are some of the most common ones we hear from clients: 1. You fell behind on your mortgage or car payments and need bankruptcy to catch up. 2. You make more than the median income in your state and do not pass the [...]
