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How to Choose a Bankruptcy Lawyer

Published on Nov 22, 2021 at 8:54 pm in Bankruptcy.

How to Choose a Bankruptcy Lawyer

Filing for bankruptcy is a stressful situation, which means you want all the support you can get. But you don’t want just any support—you want someone in your corner who knows what they’re doing and can build you the strongest claim possible so everything is covered. That’s why you’ll want to have a bankruptcy lawyer on your side.

But if this is your first time filing, or you didn’t have a good experience before, you’re probably left wondering how to choose a bankruptcy lawyer who is right for you and will get the job done. There are certain factors you can look at to ensure you’re choosing the right bankruptcy attorney for your situation.

What Questions to Ask a Bankruptcy Lawyer

Published on Nov 10, 2021 at 6:45 pm in Bankruptcy.

What Questions to Ask a Bankruptcy Lawyer

Filing for bankruptcy is stressful. You’re left feeling like you don’t have any other options, and you’re making a decision that will affect the rest of your life even though it will provide present relief. This is a serious choice that takes a lot of consideration. One of the steps of consideration would be talking with a bankruptcy lawyer.

In this meeting, you need to take advantage of having their counsel so you know what you’re getting into and can be assured that you’re making the right choice. You need to fully understand the process and what you’re getting into because bankruptcy is not a decision to take lightly—you need to be sure.

Let’s take a look at some of the questions you should ask to get a full picture of bankruptcy and your potential claim.

What Do You Need to Know Before You File for Bankruptcy?

Published on Jun 18, 2021 at 7:53 pm in Bankruptcy.

What Do You Need to Know Before You File for Bankruptcy

When you’re suffering from financial hardship and can no longer handle your debts, you might be considering filing for bankruptcy. This can offer you some relief from the stress you’re experiencing and allow you to get back on your feet. However, this isn’t a decision that you should make lightly—bankruptcy should be carefully considered, and you should understand all aspects of it before filing.

The bankruptcy process can be confusing, especially if this is your first time filing. Having a bankruptcy lawyer on your side can make the entire process much easier. They can help you determine what’s right for you and answer any questions you have throughout filing.

Let’s take a look at what you need to know before you file for bankruptcy so that you can be fully informed.

What Happens If You Need to File Bankruptcy More Than Once?

Published on Jun 18, 2021 at 7:43 pm in Bankruptcy.

What Happens If You Need to File Bankruptcy More Than Once

Filing for bankruptcy once is enough of a hardship for you and your family. No matter how hard you tried, though, you weren’t able to get back onto your feet and keep your finances in check. When that happens, you might think that you need to file for bankruptcy again.

You might be able to reevaluate and determine that you’re okay and don’t need to file again. But if you don’t have any other options to help you out financially, you could need to file for bankruptcy a second time. There are limits to filing that you’ll need to know before you try to file again, which is why we’re here to help.

What Are Bankruptcy Exemptions?

Published on Jun 18, 2021 at 7:29 pm in Bankruptcy.

What Are Bankruptcy Exemptions

When you hit a hard spot financially, you might be interested in filing for bankruptcy. This is a decision that takes a lot of consideration, as it stays on your record for years and can affect whether or not you get loans or other financial decisions you could make in the future. One of the biggest concerns that many people have when they want to file for bankruptcy is that they lose all of their major possessions.

However, that’s not true. There are exemptions in place to ensure that debtors maintain control of some things in their lives. The property that is protected from bankruptcy is what’s necessary for living, which also ensures that debtors will still be able to live their lives during and after filing.

Some states follow only federal regulations, but in Maryland there are both state and federal exemptions when it comes to bankruptcy.

Can You File for Bankruptcy if You Lost Your Income During the COVID-19 Pandemic?

Published on May 18, 2021 at 7:50 pm in Bankruptcy.

Can You File for Bankruptcy if You Lost Your Income Because of the COVID-19 Pandemic?

The COVID-19 pandemic has been hard on many of us. Due to shutdowns, many people were out of work and even lost their jobs with no way to find a new one or know if they will get their job back when everything opens back up. This uncertainty about where you’ll get the money to pay your bills is stressful and can lead to you exploring your options. While the stimulus checks provided some relief, for most people, they didn’t provide enough.

Because of that, one of the options you might be considering to get back on your feet is filing for bankruptcy. Even though this leaves a mark on your financial record, you could think it’s the only option you have to get your finances back in order after losing your income.

Let’s take a look at filing for bankruptcy, and how it might be a viable option after losing your income because of the COVID-19 pandemic.

Time Limits on Filing for Bankruptcy

Published on Sep 24, 2020 at 6:21 pm in Bankruptcy.

Calendar

Filing for bankruptcy is a process that can help a person discard debt or make a plan to repay debt. If you’re in a position where you think bankruptcy is the right option for you, you’ll need to have a comprehensive understanding of the process. A lawyer from Belsky, Weinberg & Horowitz, LLC can help.

You may be wondering about the time limits associated with filing for bankruptcy. While there are no limits associated with when you are first allowed to file, there are restrictions in the event you need to file more than once. In order to understand those time limits, let’s start by taking a look at the bankruptcy code.

Minimum Amount of Debt Required to File for Bankruptcy

Published on Aug 6, 2020 at 5:12 pm in Bankruptcy.

Person holding credit card while they're on their laptop

What may be a minimal amount of debt to some, could be astronomical to others. As debt piles up, there may be a point where bills and required monthly payments are no longer manageable. If that’s the case, filing for bankruptcy could become a solution. In the event, however, you do not have tens or hundreds of thousands of dollars in debt, you may be wondering what the minimum amount of debt required is to file for bankruptcy. Let’s take a look at debt amounts and some common indicators that bankruptcy might be the right option for a healthier financial future.

How Long Does Bankruptcy Stay on Your Credit Report?

Published on Jul 29, 2020 at 2:45 pm in Bankruptcy.

Person wearing yellow sweater using laptop

Unexpected events like job loss and medical issues can result in financial hardship. If someone reaches a point where they are overwhelmed financially and they’ve exhausted all other options, bankruptcy is an option. Declaring bankruptcy is a big decision and it has a significant impact on a person’s credit. Once the bankruptcy filing is listed on a credit report, it has the potential to affect the score for years. Let’s take a look at why bankruptcy negatively affects a credit report and how long the declaration remains on the report.

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