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If you have been postponing creating your estate plan, you are not alone. Most people know they need to do it, but they feel overwhelmed by the idea of actually meeting with an estate planning attorney to get it done. A comprehensive estate plan not only protects your loved ones after you are gone, it also protects you while you are living. Below are some important tips to consider:

Every estate plan is unique and created to suite your individual needs. The basic components of an estate plan include a Will,

All debtors are required to attend a meeting of creditors in their bankruptcy case. It is also commonly called the “341 meeting” since it is required by 11 U.S.C. §341. At the meeting the debtor is required to testify under oath regarding his or her finances. The trustee and any of your creditors in attendance are allowed to ask questions. The meeting of creditors is usually scheduled around 40 days after your filing date. The trustee presiding over your filing will ask you to bring certain documents of his or

It is important to understand that not all bankruptcy filings are treated the same when it comes to your credit score. The impact of bankruptcy on your credit rating is one of the biggest concerns many clients have. For many debtors, the damage caused by a bankruptcy filing is minimal because their credit score is already low due to negative payment history, asset seizures, lawsuits and garnishments. Even the lowering of your credit score is worth it for most people when compared to the amount of debt they are able

When you are struggling financially, talking to an attorney probably seems like the last thing you want to do. Lawyers are often perceived as being intimidating and unfriendly. However, the vast majority of attorneys are people who just want to help you out. In fact, some of us have been exactly where you are and know from personal experience what facing bankruptcy feels like. Fortunately, I have used that personal experience to benefit my clients and help them come out on the other side with a fresh financial start like

One question many clients ask us is whether or not their financial situation warrants filing a Chapter 7 of Chapter 13 case. After reviewing your individual circumstances, we can answer this question for you. In the meantime, this blog discusses some of the factors that indicate bankruptcy is the best debt relief option for you. Consider the following:

You are delinquent on your mortgage payments and a foreclosure action has been threatened or commenced against you
You have gotten divorced and you are overwhelmed with your portion of the marital debt
The value

Hopefully you have read our prior blog titled “How Filing Chapter 7 can Improve your Financial Life” to learn the benefits of Chapter 7 cases. This blog will discuss the Chapter 13 process and how a plan of reorganization can benefit you.

When you file for bankruptcy protection under Chapter 13, you must have a routine source of income to fund your plan of repayment. Your Chapter 13 plan will outline how you intend to repay your creditors all or a percentage (0-100%) of what is owed to them. The law

If you are planning to file for bankruptcy protection, one of the first decisions you must make is what type of case you want to file and whether you qualify to file it. The two most common types of personal bankruptcy cases are Chapter 7 and Chapter 13. You may only be eligible to file one type of bankruptcy. This blog will discuss the advantages of filing a Chapter 7 case. To learn more about filing a Chapter 13, please read our next blog titled “You Need a Plan for

If you are a small business owner, it is likely that your personal finances are closely tied to your business’s finances. You have devoted your time, energy and money in the entity, so you are fully vested in it. As a result, when your company begins to struggle, you have financial troubles too. While every situation is unique and you should confer with an experienced Chapter 7 or Chapter 13 attorney to discuss your individual situation, this blog will provide general guidance for small business owners who are considering filing

Most people have been told that it is important to create an estate plan and to avoid the probate process. Unfortunately, they don’t truly understand why it is important. As a result, it is common for individuals to postpone estate planning because they think “I’ll get to it,” or they incorrectly believe that the estate plan they have will circumvent the probate procedures.

Probate is the process used by the courts of law to administer the estate of a deceased person. The probate court provides the means for all claims against

If you are considering filing a Chapter 7 or Chapter 13, one of your main goals is to receive a discharge of your debt. When you receive your discharge order from the bankruptcy court, it means that you are no longer legally obligated to pay all of the debts included in the discharge. In most cases, the majority if not all of the debt included in your bankruptcy filing can be discharged. Thus, your discharged debt is cancelled! For many people, this saves them from repaying thousands of dollars to