Kimel Law Offices Legal Blog

You’ve reached the point where you’re going to file for bankruptcy. Maybe you have a lot of outstanding debt, such as medical bills, credit card debt, a car loan and the like. You just want to declare bankruptcy to eliminate your debt and give yourself a fresh start....

Bankruptcy is a significant financial event that can have lasting effects on your ability to secure credit. When you file for bankruptcy, this filing will stay on your credit report for several years, typically seven to ten years, depending on the type of bankruptcy...

If you are in a financially difficult situation and are considering bankruptcy, it helps to understand how things work and the implications of filing under the various chapters. Given the consequences of making the wrong call, you cannot afford to take costly chances....

If you’re considering bankruptcy and doing some reading to learn more about the process, you may have come across the word “cramdown.” It’s most likely to apply in a Chapter 13 bankruptcy that involves a reorganization of debts. Cramdowns can also be used for Chapter...

Facing insurmountable debt can feel like a lonely place. However, the reality is that you’re not alone. Millions of Americans are currently struggling financially through no fault of their own. Medical bills, rising rent prices and natural disasters are just some of...

Seeking financial relief by filing for bankruptcy is a responsible and courageous step towards a brighter financial future. However, it’s essential to be wary of common pitfalls that can hinder the bankruptcy process and prevent you from making the most of the...

The purpose of bankruptcy is to eliminate certain financial obligations and stop collection activity to better ensure financial stability in the future. Looking forward, people need to commit to rebuilding both financially and emotionally after a personal bankruptcy...