Tag: bankruptcy attorneys Archive
Does Business Debt Transfer with the Sale of the Company?
Justin Harelik
January 25, 2017
I recently spoke with a young man who had built a business from scratch, experienced a downturn in the industry that left the company overwhelmed by debt and unable to move forward with production expecting to make a profit. He felt his only recourse was to file bankruptcy on the ...
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That Old Debt in That Old Bankruptcy Filing
Justin Harelik
December 28, 2016
When you file bankruptcy, you are seeking the bankruptcy protection that has helped so many climb out of the deep pit debt can create due to the economy, industry changes, job loss, health complications, family emergencies, etc. Regardless of the reason or reasons behind your bankruptcy filing, you listed all ...
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Bankruptcy & Your Home Business
Justin Harelik
November 23, 2016
If you run a small business from your home, you’re probably wondering if you need to include it in your bankruptcy filing. If you are declaring Chapter 7 bankruptcy on your personal debts, do you have to get your small business involved? This is another specific situation that may require ...
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When Creditors Ignore Your Discharge of Debt
Justin Harelik
November 1, 2016
The purpose of filing for Chapter 7 bankruptcy is to immediately enact the automatic stay and eventually obtain the discharge of debt. What happens when you go through legal channels to obtain both these powerful protections through bankruptcy filing and creditors ignore their legal implications? If you are being harassed ...
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Walking Away from the House Post-Bankruptcy
Justin Harelik
May 25, 2016
“Walking away from the house” has become a common enough phrase that it is regularly bandied about amongst the public. This is a result of the recession in recent years that resulted in so many losing their homes, finding themselves upside down in their homes or considering moving out and ...
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The Importance of Being “Credit Worthy”
Justin Harelik
April 22, 2016
What does it mean to be “credit worthy” and why does everyone care so much? Is it actually that important? Credit scores in today’s society can actually be critical. They are used as a determination of a borrower’s risk. They are used to determine insurance rates. They are used to ...
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Can You Buy a Car While Filing Bankruptcy?
Justin Harelik
March 25, 2016
You filed for bankruptcy. You’re excited to receive your discharge papers. It’s going to feel amazing when it arrives and you know that your debt has been wiped clear. BUT then something happens and you need a car. You need to buy a car immediately. Maybe your old clunker broke ...
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Converting Your Bankruptcy: Chapter 13 to a Chapter 7?
Justin Harelik
February 22, 2016
Talking to a bankruptcy attorney is imperative when considering converting a Chapter 13 to a Chapter 7. There are many different issues you need to be aware of before you make this decision. If you are in a Chapter 13 Bankruptcy there is a possibility that converting to a Chapter 7 ...
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Credit Counseling and Bankruptcy Attorneys
Justin Harelik
January 28, 2016
For those of you that are familiar with my previous columns, you’ll remember that I’ve written quite a few articles on credit counseling and also that I do not like credit counseling. “Sure,” I hear you say, “Of course a bankruptcy attorneys don’t like credit counseling. It’s the competition!” And ...
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Post-Bankruptcy: My Car is Paid Off, But I Have a Title Loan Against It
Justin Harelik
July 21, 2015
The first time I had a client advise me that their car was paid off, but that they had a title loan against it, I was a little bit confused. After wading through the confusion and ascertaining a few facts, the story became clear. Now that I’m an experienced southern ...
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