The Schofield Law Firm, P.C.

11/20/2021

Every once in a while, I have a potential client ask me if they are eligible for bankruptcy since they may only have a mortgage or a car loan. Or they might be facing a lawsuit on their only major debt. Is there a minimum amount of debt needed to file for bankruptcy? The answer is no, there is no minimum. Read on to learn more about how a bankruptcy can benefit you.

Do I have too little debt to file for bankruptcy? Or can I file a chapter 7 or chapter 13 bankruptcy with only a few debts.

10/06/2021

Will you lose everything if you file for bankruptcy? The short answer is no. Check out our article explaining what bankruptcy exemptions are and detailing how they can help you save your property. https://schofieldlawfirm.com/bankruptcy-exemptions-explained/

09/07/2021

Have you seen our new website? Check it out today for all the helpful information you need to make good decisions today: www.schofieldlawfirm.com.

08/24/2020

Questions about bankruptcy? Wondering whether it is the right solution for your unique financial situation? Contact us today at 912-275-7018 to set up a free initial consultation. Help is just a phone call away.

07/18/2020

With many stimulus programs ending at the end of July (including enhanced unemployment benefits of $600 per week), many people may be thinking about withdrawing money from their retirement accounts to tide them over. As this article discusses, that became easier with the passage of the CARES Act, which eliminated early withdrawal penalties for those affected by Covid-19. But is it the right thing to do? Too often we see people file for bankruptcy after having already liquidated their retirement accounts. This is very unfortunate as those retirement accounts are 100% protected in bankruptcy. If you are not 100% sure that a retirement distribution will get you through these tough times, then doing so is risky, especially if you end up having to file for bankruptcy down the road. Before tapping into a retirement account, feel free to call us at 912-275-7018 for a free consultation to discuss your options.

Experts often say taking money from your 401(k) or IRA is a "last resort," but these days it may be a lifeline to those who have been impacted by the coronavirus crisis.

05/23/2020

This article provides a good, basic overview of the bankruptcy options available for businesses. If your business is struggling and you would like some advice as to what your options are, feel free to contact The Schofield Law Firm for a free initial consultation. Call 912-275-7018 or send an e-mail to [email protected].

What to consider if winding down your business seems like the only way you can go.

04/07/2020

03/18/2020

While we are all dealing with the health and financial effects of COVID-19, know that The Schofield Law Firm is here for you. If you are anxious about your financial situation or need assistance with a health care power of attorney, please give our office a call!

We offer free consultations (both in-person and over the phone) where we can advise on what to expect and how to prepare and manage as your personal finances or business needs may change. We would be glad to discuss steps you can take to get through this period of uncertainty.

Call us at 912-275-7018 or reach us via email at [email protected].

08/29/2018

Food for thought. What do you think?

"There's now the expectation that to be a good parent in this country you have to have your eyes on your children every second," says author Kim Brooks — and that's stressful for adults and kids.

07/15/2018

07/15/2018

The early results out of a Boston nonprofit are positive.