The holiday season is a time of joy, celebration, and connection with family and friends. Yet, for many, it also brings the stress of managing finances while striving to find perfect gifts for loved ones. If you’re feeling overwhelmed by financial pressures this season, it’s important to know that you’re not alone—and there are compassionate…
When dealing with legal matters, it is of utmost importance to grasp the nuanced distinction between lawyers and attorneys. This understanding becomes particularly critical when navigating intricate and multifaceted issues such as Chapter 7, Chapter 11, and Chapter 13 bankruptcies. These types of bankruptcies each represent different approaches to debt relief and financial restructuring under…
At Gurdin Law, we get it – dealing with bankruptcy is no walk in the park. Whether you’re an individual grappling with frozen assets or a business owner staring down the barrel of foreclosure, the stress and uncertainty can be overwhelming. Repossessions add another layer of dread to an already tough situation, making you feel…
Chapter 20 Bankruptcy – File a chapter 7 to discharge unsecured debt then file a chapter 13 to stip-down or strip off a secured or partially secured debt. This procedure is sometimes described as a chapter 20 but there is no such chapter. 7+13 = 20 hence the name. A chapter 7 discharges personal liability….
The means test is a mathematical formula established by congress, creating standards to qualify a person to obtain relief under the bankruptcy code and to determine whether they will be required to repay some of their debts or merely discharge them. In order to put all persons on the same playing field, congress established both…
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