Category: Chapter 7 Bankruptcy

Fiallo Law > Chapter 7 Bankruptcy

3 Things to Look for When Hiring a Bankruptcy Attorney

With more and more people choosing bankruptcy as an option to get out of debt, I felt compelled to give people some important pointers when it comes to hiring a bankruptcy attorney. You might have noticed a bankruptcy attorney advertising their services, but how can you determine if they can navigate you through a successful […]


Getting a Mortgage After Bankruptcy and Foreclosure

It has been nearly 10 years since the downturn in the economy and many homeowners are getting back on their feet after a foreclosure, bankruptcy or both. Most lenders have a “waiting period” before they will approve a loan application that has a history of bankruptcy or foreclosure, but that does not mean that a […]

5 Myths You Didn’t Know About Chapter 7 Bankruptcy

Myth 1: You’ll lose everything you own Many people believe filing for bankruptcy means losing your house, car and any other assets you may have. In fact, you’re generally likely to keep a lot if not all of your possessions. The majority of Chapter 7 cases are no-asset cases, meaning the debtor gives up no possessions. […]

The Differences between Chapter 7 and Chapter 13

Bankruptcy filings in the U.S. totaled 910,090 in 2014 and 1,032,572 in 2013.[1] Of those filings, the majority were either a Chapter 7 or Chapter 13 case. Each chapter is unique and offers its advantages and disadvantages. Therefore, choosing the correct chapter depends on your income, assets, debts, and your financial goals, all of which […]

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