Law Offices of James Shepherd

If your financial situation has you feeling like there is no light at the end of the tunnel, you may be considering filing for bankruptcy. http://bit.ly/32J7nkt

Recovery from bankruptcy is a step-by-step and often gradual process, and is best achieved by personally committing to good, healthy, financial practices. https://yhoo.it/32sGEZi

Many people could benefit from bankruptcy relief but don't file because of fear, myths or misplaced optimism. https://bit.ly/2SdEklE

If you’re dealing with old debt, make sure you’re taking the right steps to avoid starting over. https://bit.ly/33SFjNr

The number of people filing for bankruptcy could set records next year. And, while bankruptcy reform artificially spurred the 2005 record of nearly 2.1 million cases filed, this peak will be all about the reality of a Covid-19-blasted economy. https://bit.ly/3hYggxi

Two-thirds of those who file for bankruptcy cite medical issues as a factor, according to a study last year in the American Journal of Public Health. https://bit.ly/35Q9JCM

Bankruptcy is a legal process that lets people or entities who can't pay their debts obtain some type of relief by having those debts either reorganized or eliminated. https://bit.ly/32KgG64

Bankruptcy is a difficult process that has long-term implications on your financial situation, so it's not something to jump into blindly. But if you've evaluated all your options and determined that bankruptcy is your best chance for a fresh start, then you should pick the smartest time to file and go through the entire process correctly. http://bit.ly/2AZfOvM

A Tenth Circuit ruling that some types of private student loan debts can be wiped out in #bankruptcy could broaden options for struggling debtors and prompt re-opening of some old bankruptcy cases. The decision doesn’t apply to government-backed loans or other qualified student loans, which make up the vast majority of typical student loans. https://bit.ly/3gT9Sap

In bankruptcy, certain property can be exempt from being sold to repay your creditors, while other property is not. The property that is not exempt is called your nonexempt assets.

Filing for bankruptcy may help when you have more debt than you can handle. Chapter 7 wipes out many kinds of debts, while chapter 13 allows you to make lower payments as part of a repayment plan. A bankruptcy attorney can help you determine which option is right for you.

There are processes you can follow to attempt to have your student loans discharged, but you will have to prove that you are facing something called undue hardship to qualify. https://bit.ly/3iMqMZJ

Once federal benefits dry up, experts say consumer bankruptcy filings could start to rise. https://nyti.ms/2QhgfJP