I have been seeing a lot of commercials on television asking viewers to call their Congressman to stop Puerto Rico from filing bankruptcy. I have an opposing view. I think Puerto Rico should be allowed to file for bankruptcy. The purpose of our modern bankruptcy system is to prevent economic slavery. Many people are shocked […]
Now is a great time to do some financial spring cleaning. Chapter 13 and Chapter 7 bankruptcy can help you get rid of the trash from your past so that you can move on to a better future.
Does anyone ever go to jail for filing bankruptcy? As long as you tell the truth in court and on your bankruptcy petition, the answer is no. People don’t go to jail for filing bankruptcy.
However, could filing bankruptcy lead someone into a sticky situation that could potentially land them in jail? The answer to this question is yes.
Clients often ask me why they should pay for an attorney if all of the bankruptcy forms are available online for free. The most important reason, especially in Chapter 7, is that a good bankruptcy attorney will fight for you and help you protect your assets. The rules about which assets are protected in a […]