What Happens to My Assets When I Go Bankrupt?

If you’re facing the possibility of bankruptcy, you may be wondering what will happen to your possessions — will you lose everything you own, including your house and your car? Not necessarily.
The purpose of bankruptcy is to give “honest… Read the rest

What is Surplus Income?

When you file for bankruptcy, and depending upon your level of income, you will be required to make payments to your trustee during your bankruptcy period.  When your income is over and above what the government says you need to… Read the rest

How is Bankruptcy Trustee Paid?

The costs of filing for bankruptcy are set both by the federal government and the trustee. This means that the fees you pay to a trustee for handling your bankruptcy will likely be the same across the country.
Generally speaking,… Read the rest

How to Get Out of Debt Quickly

Your debts are piling up, you’re beginning to feel overwhelmed, and you want to turn your financial situation around. Congratulations on taking the first step! As fast as you want to make things better, however, we have to be honest… Read the rest