Bankruptcy Guide

The average car payment is now $685. Most car loans now stretch far longer than 72 months, too. It’s little wonder that many people are currently facing repossession. In some cases, if you wait for your car to get repossessed before you file bankruptcy you will be unable to get it back. In others, you…

Sometimes circumstances change, and making Chapter 13 payments gets almost as difficult as keeping up with all the debts that drive a borrower to seek a bankruptcy attorney in the first place. Yet you have other choices than defaulting on the plan. Here’s what you need to know about modifying your plan. There must be…

“What happens if we can’t make our Chapter 13 payments?” Many of our clients worry a great deal over whether or not they’re going to be able to make their Chapter 13 payments. They already know in many cases this could lead to bankruptcy dismissal, with its host of negative consequences. Fortunately, you’re not completely…

If you’re considering Chapter 13 you know that you’ll essentially be consolidating all of your debt payments into one payment approved by the trustee. Yet you might not be sure if you’ll be able to meet that payment, especially for 3 to 7 years. How does the court calculate these payments, and is there any…

The credit and collections industry has done so much fearmongering about bankruptcy that it’s not unreasonable for you to worry about how it might impact literally every aspect of your life. This includes your ability to make a living. Fortunately, by law bankruptcy can only impact most people’s job prospects so much. Your Current Job…

If you own a home rather than renting your home then a Chapter 7 bankruptcy comes with some repercussions. That is, if you have a mortgage and you intend to see your  mortgage debt discharged, then you will have to turn your home over the trustee, allowing it to be sold. There are ways to…

Here on this website we talk a great deal about what will happen during the bankruptcy process. Yet we have observed many of our clients have some anxiety about what happens after the case is done. So we thought we’d take a few minutes to discuss what comes next, as well as what your next…

Here at Haysom Law we offer a free consultation to clients who are contemplating bankruptcy. We wanted to give you some guidelines on how best to prepare for that consultation, what you should be asking, and what factors might impact your bankruptcy case. Use this step by step guide to make your meeting as productive…

Most people wait too long to file for bankruptcy. They struggle for many years to pay off or pay down their debt. As they do, they don’t make much progress on fixing their credit reports but they do increase the bottom line of predatory lending companies by giving them the power to charge high interest…

Inviting the court to have a say in your personal and financial life is definitely scary, and many of our clients come to us feeling a little bit reluctant to enter into a relationship with a Chapter 13 trustee. Yet among those who file for bankruptcy not everyone will meet the rather rigid requirements of…