If you are considering bankruptcy or have plans to file bankruptcy in the future, getting prepared ahead of time can affect the outcome of your case. At Allmand Law Firm, PLLC, we know that failing to prepare or taking the wrong steps can significantly jeopardize the success of a case. This is why we do [...]
One factor that can make a difference in how your bankruptcy case proceeds is meeting necessary deadlines. There are a number of timelines related to your case that play a big role in helping achieve the outcome you want. While there may be several deadlines you need to consider, it helps to think about them [...]
When you and your spouse are coming to terms with your marriage and finances, you may have questions regarding divorce and bankruptcy. Depending on your situation, you may be recommended to complete one before the other. Or, you may be able to complete each process at the same time depending on debts, income, assets, and [...]
Bankruptcy laws do not vary from one state to another. Meaning, laws are the same for all states. However, when you file bankruptcy each state may have different median income amounts you need to meet in order to qualify. Exemptions you qualify for may also vary depending on the type of property. It is important [...]
If you are behind on your mortgage and file for Chapter 13 bankruptcy, your plan will have to include your mortgage payments (“conduit mortgage payments”). Prior to the enactment of an order that requires mortgage payments to be made within a Chapter 13 plan, debtors were able to make payments directly to their mortgage company [...]
The bankruptcy code allows debtors the option of representing themselves, also known as a "pro se" debtor. Yet, just because you can file on your own doesn't mean it is always the best idea. In many cases, you should complete the process with an experienced bankruptcy attorney, especially when your financial future is shaped by [...]
Being honest and having the right information when you file bankruptcy can help you avoid mistakes that can complicate your case. Bankruptcy is a privilege that deserves your cooperative attention while working with the court to ensure you get a favorable result. The following points are a few common mistakes made by debtors that can [...]
Debtors who are considering filing for bankruptcy may wonder about the credit counseling requirement and why they have to complete it. In short, it is required because it is stated in the bankruptcy code. If you don't complete it, you may not be able to file your petition when you are ready to seek financial [...]
While serving in the military, individuals have the same rights as regular civilians to file bankruptcy protection in order to save their valuable assets. However, individuals should keep in mind that certain high-ranking positions require security clearances that may not be available to people who have filed for bankruptcy. Nevertheless, there are no legal restrictions [...]
If you have federal tax debt, you may be wondering if filing for bankruptcy can do anything to help your situation. You may have even heard commercials offering the hope of eliminating tax debts in bankruptcy, but it’s actually not that simple. Most tax debts can’t be discharged by bankruptcy. And unfortunately, if you are [...]
