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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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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When is Chapter 7 Bankruptcy a bad idea?
Bankruptcy is a means to relieve you from the oppression of unpaid debts. However, bankruptcy isn’t always a good idea. There are some instances when filing a Chapter 7 bankruptcy may be a bad idea under certain circumstances. It is a bad idea if your debts are not unsecured. Filing for bankruptcy may be okay […]
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Rising Costs, Lower Income – Reasons to File Bankruptcy
If you had to see the political debates this week, both parties spoke of income disparity. Many of our fellow Americans live at or near the poverty line. 36 percent have no savings for an emergency. Another 32 percent have less than 10 thousand dollars in savings. That equates to 68 percent of the population […]
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