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At DeLuca & Associates Bankruptcy Law, we understand the stress and uncertainty that can come with owing money to your bank. With years of experience helping clients navigate their financial challenges, our team is here to provide guidance and support tailored to your specific situation. If you find yourself in debt to your bank, it’s…
In the realm of financial hardship, breaking free from the chains of debt requires not only determination but also a strategic and informed approach. A bankruptcy attorney serves as a guiding force, employing expertise and a well-thought-out plan to help individuals overcome the burden of debt. In this blog post, we will explore the strategic…
Chapter 13 bankruptcy is one legal option for individuals to handle their overwhelming debt. While some types of bankruptcy eliminate debt, the goal of Chapter 13 is to restructure your debt into a more manageable situation. How Chapter 13 Bankruptcy Works To file Chapter 13, you need to file a petition with a bankruptcy court…
Filing Chapter 13 bankruptcy can feel overwhelming or like admitting financial defeat. However, that doesn’t have to be the case. If you team up with an experienced Chapter 13 attorney, you can return from your bankruptcy filing stronger and more financially secure than you were. Here are some top ways a talented attorney can help…
One of the most common questions related to bankruptcy lawyers is: Do I need a bankruptcy lawyer? No matter your situation, the short answer is yes, absolutely and always. There are several reasons that a bankruptcy lawyer should be your first stop if you’re considering bankruptcy. Here’s what you need to know. Bankruptcy Lawyers Know…
Financial struggles are some of the most stressful times for people. Getting in over your head with debt is far too common, but many people find their way out before they are completely overwhelmed. Some might not be able to do that, whether it’s because they don’t have the money or don’t realize the magnitude…
The most anxiety-inducing part of bankruptcy for most people is the sheer unknown. How do you file for bankruptcy? What is bankruptcy? How does the bankruptcy process work? Do I need a bankruptcy lawyer? Will bankruptcy fix all my debts? The list could go on for days, but you get the point – there are…
Filing for Chapter 13 bankruptcy is a legal option for people who can’t pay their debts and face negative actions such as foreclosure on a house or repossession of a vehicle. Your income may be steady, but you may have missed payments causing your mounting debt to become unmanageable. Previously referred to as a “wage…
Chapter 7 bankruptcy has a number of requirements and standards that must be met in order for someone to be able to file. Income limits are an obvious restriction—if you make a lot of money, it’s assumed that you should be able to handle repaying your debts. On the other hand, those who don’t make…
A recent bankruptcy case indicates there is hope for individuals filing for bankruptcy with student loan debts. A 9th U.S. Circuit Court of Appeals partially discharged the student loans of Michael Hedlund after a 10 year battle in court. Ordinarily, debt from student loans cannot be discharged through the normal bankruptcy process. For student loans,…
Bankruptcy law prevents collection calls and all other forms of debt-collection attempts once a case has been filed. The injunction, called the automatic stay, prohibits further actions from debt collectors including phone calls, lawsuits, letters and all other forms of communication. All contact is strictly prohibited, and most creditors oblige, resulting in immediate relief from…
Chapter 7 is the simplest form of bankruptcy in which a debtor asks the court to cancel their debts because of their inability to pay. Under this type of bankruptcy, the debtor may have to surrender some property, but does not have to surrender all property. In most cases, the defendant can keep property that…