Joyner Law Firm, PLLC

01/04/2023

If you owe past due federal taxes that you cannot pay, bankruptcy may be an option. Other options include an IRS payment plan or an offer in compromise.

For individuals, the most common type of bankruptcy is a Chapter 13. Before you consider filing a Chapter 13 here are some things you should know:

Declaring bankruptcy is a last resort to solving financial problems.

12/31/2022

Did you know that a Chapter 7 bankruptcy has certain Bankruptcy is a serious business, so you need to understand it clearly. Chapter 7 of Title 11 in the U.S. bankruptcy code controls the process of asset liquidation.

Chapter 7, known as “straight” or “liquidation” bankruptcy, of Title 11 in the U.S. bankruptcy code controls the process of asset liquidation.

12/30/2022

What Is Bankruptcy, and is it the right move for you?

Bankruptcy is a legal proceeding for people or businesses that are unable to repay their outstanding debts.

12/07/2022

In addition, having a lower credit score from your bankruptcy may prevent you from qualifying for the lowest interest rate your lender offers. You may instead need to make a higher monthly mortgage payment or purchase a less expensive home compared to someone with excellent credit. That might feel like a bit of a blow when you’re trying to get your finances back in shape.

Still, the process of buying a home after bankruptcy is feasible. Here’s how.

Buying a house can be a challenge in itself, but if you’ve had to file for bankruptcy, owning a home may seem all the more difficult to achieve. However, it’s still possible regardless of whether you’ve filed for chapter 7 or chapter 13 bankruptcy. Your biggest hurdles to getting a mortgage wi...

11/30/2022

Do you know what a bankruptcy trustee is and what their role is during a bankruptcy?

A bankruptcy trustee is a person appointed by the United States Trustee to represent the debtor's estate during a bankruptcy proceeding.

11/23/2022

Do you have debt and are considering bankruptcy as a way out? You'll want to know what life after your financial struggles might look like before making such an important decision.

Find out what you have to look forward to after filing for Chapter 7 or 13 bankruptcy.

11/16/2022

How does filing under Chapter 13 affect borrowing from your 401K? Find out below.
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During Chapter 13 bankruptcy, you're not allowed to take on any new debt without permission from the court. This includes a 401(k) loan. If you want the loan, you will have to ask the court for permission. Money you take without permission may be seized to pay your debts and coild result in default.

11/09/2022

What does life after bankruptcy look like? There will be hardships you’ll have to endure — from cash flow management to establishing good credit and rebuilding your financial profile — but it’s possible to financially recover from bankruptcy and give yourself a fresh start.
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Bankruptcy will mess your credit up, but you can recover with time and discipline. Here are seven tips on how to get your credit back in the black.

11/02/2022

Although bankruptcy rates have decreased since last year, there was a slight increase of cases in the last few months-specifically March. Read more about these changing rates and their probable causes.

Bankruptcy filings have started to increase this year and the number of new cases filed in March jumped significantly from February, but remain below last year's numbers, according to data released on Tuesday by legal research firm Epiq.

10/26/2022

If you plan to file for bankruptcy protection, you must get credit counseling from a government-approved organization within 180 days before you file.

10/19/2022

If you're at risk for bankruptcy, there are a series of steps you can take prior to filing. Some of these steps are ones that re-direct you toward a greater control over your budget and the amount of income you can set aside in order to help pay off any debt you may owe. Contact our team of professionals with any questions you may have, we're here to help!

10/12/2022

In most cases, bankruptcy exemptions in the state allow you to keep exempt property that you will need to maintain a household and job.