Chapter 7 bankruptcy can be a godsend for Louisiana debtors who need a fresh start. In an overwhelming majority of cases, these debtors can rest easy knowing that the debt discharge they receive from the bankruptcy process is permanent for all of their past debts....
How the bankruptcy means test determines Chapter 7 eligibility
Most people who file for bankruptcy in Louisiana do so through either a Chapter 7 or a Chapter 13 format. There are some important differences between the two types of filings, including how long they take, how they work and how you qualify for them. If you wish to...
Do you have to sell your cat during bankruptcy?
There should be more to life than constantly struggling to pay monthly bills or worrying about your financial future. Still, if you are like the average American who is more than $90,000 in the red, your outstanding debt may be ruining your life. Your cat always seems...
Do you automatically lose your home if you file for bankruptcy?
Having too much debt often leads to stress and anxiety, and if you count yourself among the many people struggling to make ends meet this year, you may be thinking about bankruptcy. If you are thinking about doing so and are also a homeowner, you may have concerns...
Breaking down the Chapter 7 means test
As you contemplate the decision to seek bankruptcy protection in Louisiana, one of the most important choices you will make throughout the entire process is what chapter you will file under. Like most of the clients that we here at Simon Fitzgerald LLC work with, your...
When can I not file a Chapter 7?
Between Chapter 7 bankruptcy and Chapter 13 bankruptcy, more Americans file a Chapter 7. However, there are some circumstances where the bankruptcy courts may prohibit certain individuals from filing a Chapter 7 bankruptcy. It used to be that whether or not an...
Qualifications needed to file for Chapter 7 bankruptcy
Considering Bankruptcy Louisiana residents sometimes find themselves struggling with finances. In these cases, you may feel like filing for bankruptcy is your best option. Today we will look at how bankruptcy can offer you the help you need. We will start by...
How can Chapter 7 bankruptcy benefit you?
As a resident of Louisiana who is seeking debt relief through bankruptcy, there are several options available to you. Today, we at Simon Fitzgerald LLC, will highlight the benefits specific to Chapter 7 bankruptcy. Chapter 7 is often a good choice if you are seeking a...
Can you keep your home in a Chapter 7 bankruptcy?
Many consumers assume that filing for Chapter 7 bankruptcy means they lose everything, including their homes. However, sometimes this is not the case. Louisiana, like most states, offers homestead exemptions. If you plan to file for bankruptcy, it is important that...
Chapter 7 bankruptcy doesn’t have to mean losing everything
One of the concerns that prevents many people from using bankruptcy to discharge crushing debt is the possibility of "losing everything." Bankruptcy is rarely a painless process, but most proceedings do not take away all of a borrower's belongings, even Chapter 7. If...
