If you are overwhelmed with debt, filing bankruptcy may be a good option for you. It can help you eliminate debt, obtain manageable payments, and address the past so you can plan for the future. A skilled bankruptcy lawyer at Allmand Law can evaluate your situation and help you understand your legal options. Whether you file Chapter [...]
Donald Trump is the self-proclaimed “king of debt.” Before becoming president, he built his brand and companies with massive amounts of borrowed money. Allmand Law teamed up with James Publishing to illustrate this timeline by Mother Jones, outlining Trump’s Bankruptcies: How Trump Leveraged Other People’s Money to Make Bankruptcy Work for Him. In the 1980s, [...]
Bankruptcy is a debt relief process that enables consumers with insurmountable debt loads and financial struggles to gain control of their economic health. Achieving this goal and obtaining a brighter financial future will depend on the Chapter of bankruptcy filed under. For example: Chapter 7 bankruptcy involves the liquidation of non-exempt assets to pay at [...]
Bankruptcy is a significant legal endeavor that can provide substantial benefits to individuals and families struggling financially. Thanks to the automatic stay and discharge of debts provided by consumer bankruptcy – including Chapter 7 and Chapter 13 bankruptcy – those inundated by insurmountable debt loads and financial concerns can secure the fresh start and cleared [...]
If you are considering bankruptcy or have plans to file bankruptcy, getting prepared ahead of time can affect the outcome of your case and your financial future. At Allmand Law Firm, PLLC, we know that failing to prepare or taking the wrong steps can significantly jeopardize the success of a filing. This is why we [...]
Every year, numerous Americans turn to bankruptcy as a means to find relief from insurmountable debt. These individuals, couples, and businesses come from all walks of life, and their financial situations are always unique. Because finances and filers are always different, the Chapter of the U.S. Bankruptcy Code you file under is a matter unique [...]
When an individual or couple file for bankruptcy, they are required to disclose all of their assets in their petition. It is important for filers to remember that they must be 100 percent truthful when disclosing assets and that they not attempt to hide them. Some people think that by concealing assets, they won’t be [...]
Chapter 11 bankruptcy, also known as "reorganization bankruptcy," is a bankruptcy plan that allows corporations, partnerships and individuals to reorganize their finances and restructure their debt. Unlike Chapter 13 bankruptcy cases, Chapter 11 bankruptcy has no debt ceiling. This plan is popular with both large and small businesses that need to restructure their debt. The [...]
If you or a loved one are currently considering bankruptcy to address your financial problems and obtain a financial fresh start, it is important to remember that not everything you hear about the process is true. There are a great deal of bankruptcy myths surrounding bankruptcy, and they often comes through word of mouth, anecdotes, and sheer misinformation [...]
If you are filing for bankruptcy, it is likely that you have been facing debts and financial difficulties in various areas of your life. This can include your property, and your vehicle. Because many of us depend on our cars to get us to and from work, and to handle the daily needs of life, [...]
