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Category: bankruptcy_blog

7 Jan, 2020
Reaves & Lee

Bankruptcy’s Fresh Start

For debtors so far behind in their debt and have no hope of paying it all off, bankruptcy may be the answer you are looking for. Bankruptcy really can give you a fresh start on your financial future. All of your qualifying...

3 Jan, 2020
Reaves & Lee

Foreclosure and Bankruptcy

When you get behind in your mortgage payments, you could lose your home in a process called foreclosure. Foreclosure law can vary by state, depending on where you live the process could take anywhere from one to seven months...

30 Dec, 2019
Reaves & Lee

Two Types of Debt in Bankruptcy

When filing personal bankruptcy, most consumer debt can be classified into two categories. One is secured debt like your home or your car, and the other is unsecured debt like medical bills and credit cards. Secured Debt...

27 Dec, 2019
Reaves & Lee

Chapter 13 Answers

When people are overwhelmed in debt and looking for answers, they wonder what bankruptcy can do for them. Chapter 13 is considered a ‘reorganization’ bankruptcy, as it gives you the chance to pay your arrears over...

23 Dec, 2019
Reaves & Lee

Chapter 13 Bankruptcy Basics

A Chapter 13 bankruptcy is also called a “reorganization” bankruptcy. Chapter 13 bankruptcy is very different than Chapter 7 “liquidation” bankruptcy. In a Chapter 13 bankruptcy, you keep all of your...