When many of us hope to never face a financial crisis, there are some who will face more than one in their lifetime. Often times life events such as an illness, or losing one’s job can lead to bankruptcy and seeking a fresh start financially. You may find yourself asking, can I even file for […]
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What does a debt lawyer do?
A debt lawyer is a legal practitioner who helps people collect, pay or write- off debts. These are the three basic services debt lawyers provide: Debt lawyers help you collect debts owing to you. Small business owners and professionals often need a lawyer who can run after other businesses, customers and clients who owe them […]
Continue readingMore TagCommon Myths About Bankruptcy
While filing for bankruptcy is not something you’d ever thought you would have to do, it’s important to remember that you are not alone. Bankruptcy filings are actually very common, with over 500,000 Americans filing for bankruptcy in 2020. There are many misconceptions about bankruptcy that can make this process seem very frightening. Let’s take […]
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How COVID-19 is affecting middle-class bankruptcy cases
Bankruptcy should never be seen as a sign of failure. It is a legal way to rebuild after an emergency. If you are deeply in debt, consider taking advantage of this opportunity to protect yourself and your family, but be sure to understand the process and its implications. The bankruptcy court of Maryland warns that […]
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Can wages or unemployment be garnished under COVID
As a result of the unprecedented global pandemic caused by COVID-19, an enormous amount of people have faced unpaid furloughs, a reduction in paid working hours, or in some cases unemployment. During the first two months of the pandemic alone, more than 36 million U.S. works filed for unemployment, a record high for our […]
Continue readingMore TagWhat Happens After My Bankruptcy Papers Are Filed With The Court?
Bankruptcy can be a seemingly confusing process. However, there are constants that come with every bankruptcy case. At the Law Offices of Nicholas J. Del Pizzo, III P.A we have handled thousands of bankruptcy cases. With our experience in these cases, we have compiled a breakdown of what to expect after your papers are filed […]
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COVID-19 Small Business Bankruptcy Relief
Many small businesses throughout the U.S. have sadly struggled to survive the challenges posted by the novel coronavirus. If a business is overwhelmed by debt, its owners may decide to file for bankruptcy. Businesses most often file for bankruptcy under Chapter 11 or Chapter 7 of the Bankruptcy Code. While Chapter 11 historically has proven […]
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How much do you have to be in debt to file for Chapter 7 Bankruptcy?
Chapter 7 is known as the “liquidation bankruptcy” because it discharges most of your unsecured debt. There truly is no set minimum amount of debt you must have in order to file for Chapter 7 bankruptcy relief. However in order to determine if you should consider bankruptcy there are many steps to consider. One of […]
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Understanding Bankruptcy: The Different Types of Property and Debts in Bankruptcy
Filing for bankruptcy is no easy task. There are many steps necessary in order to successfully file for bankruptcy, which is why it is always recommended to work with an experienced lawyer. With that being said it is helpful to know the terminology used in bankruptcy. At The Law Offices of Nicholas J Del Pizzo, […]
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How Does Bankruptcy Affect Your Retirement Account?
You’ve been saving up for your retirement. But then, with the pandemic and the economic downturn, you might not be able to pay your bills. You may be thinking of getting some debt relief and you may even be thinking about filing for bankruptcy. How does bankruptcy affect your retirement account? But what stops you […]
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