This blog and informational section of our website is meant to provide you with answers to commonly asked questions as well as our special announcements and other updates.
Are you daydreaming about being your own boss? Go into it with your eyes wide open. Here are 10 common reasons why entrepreneurs may wind up in personal bankruptcy. 1. Getting into the Business for the Wrong Reasons An ill-conceived Plan B following a layoff, …
By Heather Culp A well-timed bankruptcy can be a powerful arrow in the quiver of a taxpayer with burdensome income tax debt. A taxpayer’s personal liability for individual income tax debt can be discharged in bankruptcy if the answer to each of the following five …
Making Good Personal Financial Decisions During the COVID-19 Crisis The coronavirus and COVID-19 diagnoses in the United States have quickly changed our lives in many ways. While health and public safety are top priority, many of us are concerned about our personal finances, and how …
As we referenced in this post, our team was curious about how our clients are doing now – after their bankruptcy has been discharged. Many new clients just want to know “will my life be better after bankruptcy?” So we went back and asked our …
The coronavirus (COVID-19) diagnoses in the U.S. has quickly changed our lives in many ways. In this article, we explain how to make the best financial decisions during this time of crisis.
Like most of life’s big decisions, the thought of filing for bankruptcy can be scary, overwhelming, emotional, confusing or a combination of all of these. It can also ignite thoughts of hope and determination – for your family’s future, financial peace,and the lifting of an …
Essex Richards is excited to announce the launch of our Bankruptcy blog. The blog, written by bankruptcy attorney Heather Culp, will cover questions and issues that arise in filing for personal bankruptcy, as well as other debt-related legal matters. Topics will include the differences in …
Bankruptcy clients frequently have this question, and the quick and simple answer is NO: under penalty of perjury, all debts must be listed in a bankruptcy. From consulting with hundreds of clients filing for bankruptcy, we have found that folks ask this question for one …
Many people are intimidated by the legal system – at least the one portrayed in movies and T.V. legal dramas – speaking in front of a judge, being sworn in, appealing to a jury, facing your creditors. But in the case of bankruptcy, rest assured, …
Your marriage has been a model of relational accord since saying “I Do” a few decades ago, with one major exception: finances. Money – one of the most significant weights and causes for discord placed on most marriages. Jobs have been unsteady, hospital bills have …
If you’ve ever had to file bankruptcy, one of your overwhelming questions was likely, “will I ever have credit again?” I hear this question from almost every client, and why wouldn’t I? It’s a big one! The vast majority of our bankruptcy clients receive credit …
One of the first questions I typically get in bankruptcy consultations is, “what do I do with the debt?” As with most things, the answer is “it depends.” It depends on the type of debt and your personal situation, but in general, the below are …