Roemerman Law

12/01/2023

There are only a few exceptions when paying Chapter 13 off early won’t result in a higher debt amount. More often than not, you must stay the course and continue making payments for the remainder of your plan if you don’t want to risk increasing your monthly Chapter 13 payment amounts.

It seems smart to pay off your Chapter 13 bankruptcy early, but there's a good reason to wait.

11/28/2023

Bankruptcy is a legal process that helps businesses and individuals resolve debts they have no hope of paying. Chapter 7 and Chapter 13 are the most common filings for individuals.

There are six types of bankruptcies, each type varying in who can apply and in what situation. Here's everything you need to know about each bankruptcy type.

11/24/2023

A growing number of student loan borrowers in dire financial straits are discharging their debts through bankruptcy thanks to an updated process, the Department of Education reports.

A growing number of student loan borrowers in dire financial straits are discharging their debts through bankruptcy—a feat that was nearly impossible until the administration of President Joe Biden changed the rules last year.

11/21/2023

As part of the bankruptcy filing procedure, debtors must provide the court with a list of their assets, also known as a schedule of assets. If you need additional guidance about filing your schedule of assets, consult with a bankruptcy attorney in your state.

When you’re filing for bankruptcy, disclose all your assets, no matter how trivial.

11/17/2023

The New York Fed's quarterly Household Debt and Credit Survey (HHDC) shows that total consumer debt stands at $17.3 trillion, a record high.

A column chart showing household debt by type.

11/14/2023

If you’re struggling to make ends meet due to wage garnishment, filing for bankruptcy may protect you from your creditors and provide some financial relief. However, it’s important to understand the rules, including scenarios where bankruptcy won’t provide the results you’re seeking.

Follow these specific steps to file for bankruptcy and stop a wage garnishment on your own.

11/10/2023

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.

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...

11/07/2023

No matter which form of bankruptcy is sought, not every type of debt can be wiped out through a bankruptcy case.

Filing bankruptcy has some debt exclusions. These charges can usually be eliminated.

11/03/2023

You may fear that declaring bankruptcy will destroy your credit rating, but a successful Chapter 7 can give you a clean slate for rebuilding it. After discharging most or all of your debts, you can restore your creditworthiness by establishing a record of on-time payments in all your financial transactions.

10/31/2023

You can get a mortgage after declaring bankruptcy, but how soon depends on the type of mortgage and the type of bankruptcy you filed.

The good news is you won’t be prohibited indefinitely from getting a mortgage following bankruptcy. Here’s how to increase your chances.

10/27/2023

Do you face insurmountable debt? An attorney from Roemerman Law, P.C. can answer your questions about filing for bankruptcy.

Understanding how to file for bankruptcy before starting the filing process can set you on the right path early, saving you time and money.

10/24/2023

An experienced bankruptcy lawyer will help you navigate the process to help you decide the type of bankruptcy to file for, correctly value your property and determine which debts can be wiped away or still need to be paid.

A bankruptcy lawyer will guide you through the process of filing for bankruptcy and discharging your debts. Find out if you need one and what to expect.