Author Archives: Jay Butchko
Social Security Benefits and Bankruptcy
Social Security provides financial benefits for many in the United States, however, in some cases, Social Security does not cover enough, and recipients may wonder if they need to file for bankruptcy in order to relieve financial burdens and stress. If you are currently relying on social security benefits, you may have the legal… Read More »
Avoid Scammers While Going Through Bankruptcy
Many people are unaware of all of the intricacies and legal issues that accompany the bankruptcy process. Filing for bankruptcy is a federal legal issue, and there are several differences between both Chapter 7 and Chapter 13 bankruptcies. However, one of the commonalities between the two is that unscrupulous people will attempt to take… Read More »
How Many Times Can You File for Bankruptcy?
Bankruptcy is a legal right afforded to allow debtors a financial fresh start. In some cases, circumstances occur that are beyond the control of a person, such as medical debts or the loss of a job for an extended period of time. When people find themselves struggling financially for a long period of time,… Read More »
Bankruptcy and COVID-19
The coronavirus has caused a global pandemic the likes of which the modern world has not seen. Businesses have shuttered their doors, and while certain states or counties stay open, others have closed. Some are reopening in phases, and only time will tell if they will need to shutter their doors again. The only… Read More »
Bankruptcy 101
If you are considering bankruptcy, you may be unsure of the types of bankruptcy, what types of debts bankruptcy discharges, or how long the process will take. This Bankruptcy 101 guide will help you understand the differences between Chapter 7 and Chapter 13 bankruptcy, additional bankruptcy basics, what debts are dischargeable in a bankruptcy,… Read More »
Life After Bankruptcy
Making the decision to declare bankruptcy is oftentimes a difficult one. The scar of bankruptcy is left on your credit history for several years, and if you are considering, or have just declared bankruptcy, you may wonder how to regain your financial health after the process. Chapter 7 bankruptcy will wipe out most of… Read More »
How a Bankruptcy Affects Your Credit Score
If you are considering filing for bankruptcy, the last thing you may be worried about is your credit score. With overwhelming debt, you may not be in the market to purchase a new home, car, or other major purchase. However, it is important to understand how a bankruptcy will affect your credit score, as… Read More »
Filing For Bankruptcy for the Purpose of Tax Relief
If you are considering filing for Chapter 7 or Chapter 13 bankruptcy, it is likely because of your mounting debt and financial obligations to creditors. While Chapter 13 bankruptcy will only allow you to restructure your existing debts, Chapter 7 bankruptcy will allow you to discharge many of your debts completely. However, eliminating debt… Read More »
Certain VA and DOD Benefits Now Held Out of Bankruptcy
In August of this year, the Honoring American Veterans in Extreme need Act of 2019 (“HAVEN Act”) was signed into law by the President of the United States. The Act excludes certain benefits paid to our nation’s veterans by the Department of Veteran Affairs (VA) and the Department of Defense (DOD). This changes the… Read More »
New Bankruptcy Amendments on the Horizon For 2020
The Honoring American Veterans in Extreme Need Act of 2019 (“HAVEN Act”) was signed into law by the President of the United States this past August to exclude certain VA benefits from being affected by the bankruptcy process. However, this was not the only bankruptcy amendment made to the U.S. Bankruptcy Code that will… Read More »