People often ask me who will know about their bankruptcy filing. Just like most court proceedings, a bankruptcy filing is technically "public information".  However, being public information does not mean that it is "publicized". When we filing bankruptcy, we put together what amounts to a mailing list and file that with the court.  The court system then sends a notice by mail or electronically to those who are listed on the mailing list.  And the credit bureaus (Experian, Transunion, Equifax) will pick up the filing and include it in a credit report (for up to ten years after filing).  If you look at…

Bankruptcy is a complex legal process that can have a significant impact on your financial future. When navigating the ins and outs of bankruptcy, it's crucial to have a skilled and trustworthy attorney by your side. But what makes the attorney-client relationship so important in bankruptcy cases?

Bankruptcy is a legal process that can be thought of as a financial reset button. It's a way for individuals or businesses to get relief from their overwhelming debts and start fresh. Essentially, it's a legal declaration that a person or organization is unable to pay off their debts, and they're seeking assistance from the courts to restructure or discharge their obligations. While the word "bankruptcy" might conjure up images of financial ruin and failure, it can actually be a powerful tool for those who need it most. It's not about giving up or admitting defeat; it's about taking control of your financial situation and finding a path toward a brighter financial future.

What do you get when you mix a lawyer, a financial advisor?  - it's an estate planning attorney! These skilled professionals possess a magical ability to help individuals plan and protect their assets for the future, all while navigating the legal and financial complexities of the process.
An estate planning attorney is a legal professional who specializes in helping individuals and families plan for the future. They possess a wealth of knowledge and expertise when it comes to navigating the complex world of financial and legal matters, such as wills, trusts, and tax implications. Think of them as a personal guide who can help you craft a solid plan for your assets, so you can rest easy knowing that your loved ones are taken care of in the event of your passing.

As we traverse these unprecedented times, we may face a reduction in cash flow and increased debt, eventually leading to insurmountable financial hardship. The only option to receive some monetary relief would be to declare bankruptcy. Although, due to the cash crunch, you may decide to save on lawyer’s fees and file the petition yourself, which is technically possible.