Switch to ADA Accessible Theme
Close Menu

Monthly Archives: February 2024

Debt5

How Does Non-Bankruptcy Debt Negotiation Work?

By The Law Office of Charles A. May |

Non-bankruptcy debt negotiation could significantly decrease household debt. Nationwide, this figure has continually increased in recent years, all the way to over $17 trillion by the end of 2023. Therefore, most families can barely pay monthly bills. An unexpected expense, like a medical bill or family emergency expense, could mean financial disaster. Usually, bankruptcy… Read More »

Facebook Twitter LinkedIn
Bankr24

Is Chapter 7 Better Than Chapter 13?

By The Law Office of Charles A. May |

In most cases, yes. The long and difficult Chapter 13 process usually takes at least five years to complete. In contrast, judges usually issue Chapter 7 discharge orders in less than nine months. Therefore, these debtors quickly put their financial problems behind them and move on with their lives. Furthermore, as outlined below, Chapter… Read More »

Facebook Twitter LinkedIn
Bankr19

How Does Bankruptcy Protect My Car?

By The Law Office of Charles A. May |

More people than ever use bankruptcy to protect their motor vehicles. High loan interest rates and high inflation have propelled auto loan delinquency rates to near historic highs. Bankruptcy’s Automatic Stay is like a force field that surrounds your car and keeps the repo man away, regardless of the amount of delinquency. Section 362… Read More »

Facebook Twitter LinkedIn
Bankr12

Bouncing Back From a Chapter 7 Bankruptcy

By The Law Office of Charles A. May |

By the book, bouncing back from a Chapter 7 bankruptcy is a ten-year process. Usually, a Chapter 7 filing notation remains on a credit record for a decade. However, in most cases, the rebound process begins almost immediately after people file their voluntary petitions. We stress the “voluntary” nature of a Chapter 7 bankruptcy…. Read More »

Facebook Twitter LinkedIn