Personal Touch Bankruptcy Blog
Category: Bankruptcy
When Should You Use a HELOC to Get Out of Debt?
Bankruptcy isn’t right for everyone. Sometimes debtors may need to resort to their assets, such as using a HELOC, to get out of debt. Many people are too quick to dismiss bankruptcy as an option; however, there are some people for whom bankruptcy is not the best...
Can You Refinance (or Buy) a House During Chapter 13 Bankruptcy?
Chapter 13 Bankruptcies are three to five-year payment plan. Inevitably, life happens. You are in chapter 13 bankruptcy and an opportunity arises to either refinance or buy a house. Can you refinance your house or buy a house during your chapter 13 bankruptcy? The...
What Is Bankruptcy? Really, What Is It?
As bankruptcy attorneys, we live bankruptcy day in and day out. We sometimes forget to address the basic questions. Aside from a vague understanding of the definition of the word ‘bankruptcy,’ most people don’t know what it is. So, let’s get back to basics; what is...
Divorce and Bankruptcy – Which One First?
Divorce and Bankruptcy often go hand in hand. Given that the leading cause of divorce is financial trouble, so when a couple divorce, neither spouse can, individually, assume the financial responsibilities of the household. As a result, one or both spouses end up...