Those filing for bankruptcy typically seek a discharge from the court. With a discharge order, the debtor no longer has obligations for certain debts. However, there might be instances where the court denies the discharge. Refusals to discharge a bankruptcy There must...
Facts about the bankruptcy certificate in Louisiana
Filing for bankruptcy can be a great way to get a fresh start on your finances. However, the bankruptcy process can be complicated and confusing. One important document that you will need to obtain during the bankruptcy process is a bankruptcy certificate. What is a...
Can you afford bankruptcy in Louisiana?
One of the main reasons why people avoid filing for bankruptcy is they worry about how much it will cost. It might not cost as much as you fear, and there are some options for gathering the money to file or waiving the fees. Bankruptcy filing fee Filing for a Chapter...
What assets are exempt in a Chapter 7 bankruptcy filing?
Filing for bankruptcy is often viewed as a scary and negative situation There’s a common misconception that you’ll lose all your Louisiana property if you file. However, certain assets are exempt in a Chapter 7 bankruptcy filing. Your home States sometimes have...
Are you eligible for the new Chapter 7 trustee payment?
An extra $60 will now be processed by bankruptcy courts for every case payment for some Chapter 7 trustees in Louisiana from the fiscal year 2021. Not all chapter 7 bankruptcy trustees are eligible though. Does this apply to me? The cases that this change applies to...
Filing for Chapter 13 bankruptcy
Filing for bankruptcy might be the most beneficial financial decision a debtor could perform. Anyone challenged by excessive creditor obligations may find themselves paying interest yearly without lowering the loan and credit card balances. Repossessions could become...
Understanding the Chapter 13 payment plan in Louisiana
When you are in debt, one of the practical ways that can help you get out of it is filing for bankruptcy in Louisiana. However, if you decide to go this route, it is essential for you to devise a plan that would make this process a success. How repayment works Chapter...
Cryptocurrency and bankruptcy concerns
Cryptocurrency investment opportunities grew in popularity for several reasons, and reports of significant investment returns played a role. No guarantees exist with cryptocurrency trading, as many Louisiana investors have likely learned. Digital assets experience...
Understanding bankruptcy schedules in Louisiana
In Louisiana, bankruptcy is a legal process that provides individuals and businesses with a fresh start. When you file for bankruptcy, you must complete forms known as schedules to give the court information about your finances and assets. Some important ones include:...
Which debts can and can’t you discharge?
Whether a debt is "dischargeable" depends on the chapter the bankruptcy is under in Louisiana. A person may discharge credit card debt almost immediately with a Chapter 7 bankruptcy. Chapter 13 bankruptcy will reorganize all debts, including credit card debt, but...
