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Category: bankruptcy_blog

17 Jul, 2020
Reaves & Lee

Student Loans and Bankruptcy

Many students take loans to cover their full cost of attendance at school. However, your monthly loan payments depend on the money you borrow now, the more you choose, the higher you pay. That is why it is essential to...

13 Jul, 2020
Reaves & Lee

Chapter 13 Bankruptcy

Chapter 13 is a “reorganization bankruptcy” type that allows debtors to repay all, or a portion, of their debts in three to five years under a court-approved plan. Chapter 13 bankruptcy is also called a...

10 Jul, 2020
Reaves & Lee

Chapter 7 Bankruptcy

Chapter 7 of the Bankruptcy Code provides for “liquidation” of your debt and sometimes your nonexempt assets. The trustee will evaluate the debtor’s nonexempt property and if it can be sold for real value,...

3 Jul, 2020
Reaves & Lee

Bankruptcy Simplified

If you are struggling with debt and considering bankruptcy, you may have some concerns about how the case will go. Some people avoid bankruptcy as a whole because they think it is too complicated. Although bankruptcy is a...