If a debtor has substantial medical debt but knows that she will incur additional medical expenses (or other debts) soon, it may make sense to postpone filing for bankruptcy. The reason is that a bankruptcy case will only discharge those debts incurred as of the date the case was filed. By postponing the filing until…
It is hard to think of planning for both bankruptcy and divorce, but by doing so you may put yourself in a better financial situation in the end. If you are contemplating a divorce from your spouse and also laboring under financial debt and obligations that you cannot sustain, you might consider whether you should…
A common question that people ask is: can I file for bankruptcy again? Many people may assume that filing bankruptcy a second time is impossible or that obtaining relief in bankruptcy more than once cannot be done. It pays not to make assumptions. The rules can be complicated, however. Multiple Bankruptcy Filings: When May I File Again?…