Blog
How To Talk To Your Bankruptcy Attorney
If you are thinking about filing bankruptcy, there are several things you should know and do before you file. One of the things that is helpful to know is how to talk to your bankruptcy attorney about your case. At Oswalt Law Group in Phoenix, we spend a great deal of time working with bankruptcy…
Handling Finances After Bankruptcy
Everyone can have bad luck such as losing a job or an extended illness, but if we are honest, many of us face financial problems because of poor money choices. While there is no “blame” attached to a bankruptcy, it is clear that if poor money management lead to this situation that a change may…
Should I File Bankruptcy or Try Debt Settlement?
You have probably seen many television advertisements for debt settlement firms. These companies state that they can help you settle your debt for pennies on the dollar and avoid bankruptcy. Should you try debt settlement before filing bankruptcy? Will debt settlement harm your credit score less than bankruptcy? Could debt settlement affect your ability to…
Can I Keep My Home in Chapter 7?
Chapter 7 bankruptcy is known as “liquidation” bankruptcy for a reason. Generally speaking, assets in a Chapter 7 bankruptcy are turned back over to creditors to offset the unpaid debts of the person filing. The rest of the debt, after the assets have been liquidated and applied to outstanding balances, is discharged by the judge.…
Three Things You Must Do in Chapter 13
Consumers who want to file bankruptcy have choices. You can elect to file a Chapter 7 bankruptcy that will liquidate your assets and discharge your debts, or you may choose a Chapter 13 filing which involves making regular payments to a bankruptcy trustee. This allows you to retain some of your secured assets such as…
Bankruptcy Myths and Facts
There are many myths about bankruptcy that cause those who are considering filing to think twice. This is unfortunate because bankruptcy can be a great solution for those who are struggling with uncontrolled debt or facing foreclosure, vehicle repossession and other problems related to lack of income or too many liabilities. Oswalt Law Group in…
Hidden Benefits of Bankruptcy
It is hard to imagine that anything about bankruptcy could be a “benefit.” After all, walking into court and telling a judge that you cannot afford to pay your bills is never pleasant! However, bankruptcy does offer some great benefits to those who are struggling with insurmountable bills, and some of these benefits are not…
The History of Bankruptcy
Ever since the dawn of time, mankind has struggled with debt. The concept of being bankrupt is nothing new, but the way it is handled has definitely changed over time. Here is a brief timeline showing the development of modern bankruptcy practice and how bankruptcy has changed over the years. 2000 B.C.—The “Jubilee” or Holy…
Bankruptcy When You Own A Business
If you work for yourself or even own a home-based part-time business, filing bankruptcy is a very different proposition than if you simply work for wages. When you own a business, bankruptcy is more complicated than when you file as an individual. In addition, businesses tend to have more creditors than individuals, although this is…