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Life insurance can play an important role in bankruptcy, just as it can in life. Outside of  bankruptcy, life insurance is a vital means of ensuring your loved ones are well-looked after should anything unfortunate befall you, but, in bankruptcy, life insurance plays an additional role of providing that same security to your loved ones …

I recently encountered two debtors with a similar problem, but with one crucial distinction. Both people had filed Chapter 7 bankruptcy within the previous three years and received a discharge. They kept their respective homes despite filing bankruptcy, but both experienced financial difficulty a few years after their filing which led to the bank sending …

Tax returns are among the documents required to be provided the Trustee, at least 7 days prior to your 341 Meeting of Creditors, though this time-frame will vary depending upon local rules. Along with income records, bank statements, and other documents, tax returns, at least 2 years, perhaps as many as 4 years’ worth, depending …

One of the most difficult concepts for debtors to grasp in Chapter 7 bankruptcy is when they need to sign a reaffirmation in bankruptcy, in particular a mortgage reaffirmation. If I receive a question on this subject it is usually something like can I keep my house if I dont sign a reaffirmation agreement? However, …

There are a lot of misconceptions about bankruptcy, and it is absolutely crucial that a debtor separates fiction from reality before deciding which chapter to file or whether to file at all. The most common questions I get are Will I lose my house if I bankruptcy? or Will I lose my car if I …