Can I Discharge Student Loan Debt in Bankruptcy?

Posted by Bruce White | Jul 10, 2017 | 0 Comments

Do you have a college education? If you received it within the last several years, odds are you probably have some sort of outstanding student loan debt. When it comes to outstanding household debt, student loans rank second only to mortgages, and they recently surpassed credit cards as the type ...

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What if I Don't Own Any Assets?

Posted by Bruce White | Jul 05, 2017 | 0 Comments

Chapter 7 bankruptcy is actually a fairly simple process. If you have a lot of outstanding debt that you cannot pay off, bankruptcy allows a trustee to sell your non-exempted assets (a process known as liquidation) and then distribute the proceeds to your creditors in exchange for having all unse...

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Filing for Bankruptcy During Divorce

Posted by Bruce White | Jun 20, 2017 | 0 Comments

Divorce and bankruptcy are two legal processes that nobody ever hopes to go through in their life, and yet seem to go hand-in-hand all the time. Financial stress and crippling debt lead to a lot of disagreements and tension, and those things can be the spark that triggers a divorce. In some cases...

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What Not to Do If You're Considering Bankruptcy

Posted by Bruce White | Jun 02, 2017 | 0 Comments

If you're struggling under crippling debt and considering filing for bankruptcy, there's more to your case than simply filling out a few forms, filing them with the court, and walking away from your debt. In fact, there's a pretty substantial amount of preparation that has to go into your case to...

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What is a Bankruptcy Trustee?

Posted by Bruce White | May 18, 2017 | 0 Comments

If you're planning on filing for Chapter 7 bankruptcy, it's important to know how the process works. When you file with the court, it will appoint a bankruptcy trustee to oversee and administer your case, acting as a neutral party that will work to protect the best interests of everyone involved;...

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Can I File for Bankruptcy for a Second Time?

Posted by Bruce White | May 04, 2017 | 0 Comments

Bankruptcy has helped countless numbers of people restore their life and work their way back to financial independence. However, sometimes things don't always work out. Despite a discharge of debts, some people's situation may once again decline, placing them back in debt and forcing them to cons...

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3 Things You Didn't Know Are Creditor Harassment

Posted by Bruce White | Apr 26, 2017 | 0 Comments

Many creditors and collection agencies are scrupulous about following the law, but others are guilty of severely harassing individuals who owe money. The Fair Debt Collection Practices Act (FDCPA) was passed in order to protect indebted individuals from different kinds of harassment practices. De...

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Five Things to Know About Chapter 11 Bankruptcy

Posted by Bruce White | Mar 22, 2017 | 0 Comments

Chapter 11 bankruptcy is a process that allows distressed companies to reorganize their debts and emerge from the process as a viable going concern. This is a chaotic time for a company, and those who are considering filing for Chapter 11 should be sure that they know exactly what they are gettin...

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Can Filing For Bankruptcy Help Save My House?

Posted by Bruce White | Mar 01, 2017 | 0 Comments

People who are filing for bankruptcy often ask us whether or not it means that they will lose their home. Often, to their surprise, the answer is “no.” Believe it or not, filing for bankruptcy can help you to keep your home while still getting your finances back on track. Depending on the chapte...

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Starting the Year Off with a Clean Slate

Posted by Bruce White | Jan 23, 2017 | 0 Comments

If you are drowning in debt at the start of the new year, this may be the time you finally do something about it. Filing for bankruptcy can help you eliminate financial stress, and perhaps forces you to make smart decisions about your money to enhance your life. The following are several reason...

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5 Signs that Bankruptcy Might Be Right for You

Posted by Bruce White | Nov 28, 2016 | 0 Comments

Filing for bankruptcy could be a frightening experience. However, many of our clients at Bruce W. White, P.C. claim that bankruptcy saved them, gave them a fresh start, and reduced their stress about finances. If you are deciding whether or not filing for bankruptcy is the best option for you, i...

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How to Manage Thanksgiving on a Budget

Posted by Bruce White | Nov 21, 2016 | 0 Comments

Hosting a Thanksgiving gathering at your home can be a costly endeavor. Whether it's picking out the best turkey in the bunch or making a plethora of sides to satisfy everyone's cravings, your budget can be extremely tight in this situation. However, it is possible to make your Thanksgiving dinne...

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The Importance of Credit Counseling

Posted by Bruce White | Oct 25, 2016 | 0 Comments

If you have an overwhelming amount of debt and you are unable to pay your bills, you may need to declare bankruptcy. Since filing for bankruptcy is one of the most important decisions a person could ever make about their finances, pre-bankruptcy credit counseling is required to understand what y...

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Your Property & Bankruptcy

Posted by Bruce White | Oct 20, 2016 | 0 Comments

One of the most important questions in the bankruptcy process is, what happens to my property during bankruptcy? Most of the time, property is protected in bankruptcy. However, if a borrower has substantial assets which are not covered under bankruptcy exemptions, then they need to sell their pr...

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Benefits of Filing for Chapter 7 Bankruptcy

Posted by Bruce White | Aug 29, 2016 | 0 Comments

When provided the option, a majority of debtors prefer filing Chapter 7 bankruptcy since it discharges the most debt. However, a qualified debtor may have the debt discharged in exchange for relinquishing valuable, nonexempt property for the trustee to sell in order to pay creditors. Despite los...

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Tips for Saving Money on School Supplies

Posted by Bruce White | Aug 24, 2016 | 0 Comments

In preparation for the new school year, one of the things that parents may fear most is an empty wallet. Whether it is school supplies or new clothes, these costs can be a substantial blow to your finances, leaving you feeling completely broke. Fortunately, there are a variety of ways you can suc...

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Bankruptcy Tips

Posted by Bruce White | Aug 15, 2016 | 0 Comments

Whether you're thinking of filing for bankruptcy for your small business or just yourself, check out the below tips, written by our Richmond bankruptcy attorney, to follow before filing for bankruptcy. Consider Your Options Filing for bankruptcy is a huge decision that can affect your credit fo...

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Rebuilding Your Credit After Bankruptcy

Posted by Bruce White | Aug 08, 2016 | 0 Comments

If you are deeply in debt, filing for Chapter 7 bankruptcy can give you a fresh start, but it can also leave you with an undesirable credit score. This doesn't mean your credit score will be affected forever by your bankruptcy. In fact, you can start rebuilding your credit score immediately! At ...

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Use Caution Before Co-Signing

Posted by Bruce White | Jul 12, 2016 | 0 Comments

What You Need to Know Before Co-Signing a Loan In this economic climate qualifying for a car loan, mortgage or credit card can be difficult. Parents, friends and family may think they are just helping out by co-signing on a loan but the legal and financial risks involved are much higher than many...

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