Category: Bankruptcy Basics

The Short Answer Yes, you can technically pay back family or friends before you file bankruptcy. But it is usually a bad idea. The bankruptcy court treats loans from family and friends differently than loans from a bank or credit card company. If you pay one of them back right before filing, the trustee may … Read more

The phone rings again. You filed for bankruptcy, and you thought the calls would finally stop. But here is another collector asking when you can pay. If this is happening to you, take a breath. You have rights, and the law is on your side. This article explains why creditors are supposed to stop calling … Read more

Are you thinking about filing bankruptcy on your own? You may be asking if you really need a lawyer to do it. Maybe money is tight, and hiring an attorney feels like one more bill you cannot afford right now. That worry makes sense. Below, we will explain the rules in plain English. You will … Read more

If you are thinking about filing bankruptcy, you may be worried about your bank accounts. You might wonder if the bank will freeze your money, close your account, or take your funds. These are normal fears. The good news is that for most people, your bank accounts are safe in bankruptcy. But there are a … Read more