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Bankruptcy
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What Happens When a Creditor Violates the Automatic Stay?

Filing for bankruptcy protection is often the right solution for people faced with unmanageable debt. With the right guidance, a Chapter 7 or Chapter 13 proceeding might provide the long-term financial stability that you deserve. You also receive an immediate benefit that should make your life much easier. Once you file, the court issues an Read More

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What Happens To Your Timeshare Interest in a Bankruptcy?

Going through the bankruptcy process can be enormously beneficial if you find yourself unable to meet your financial obligations with no imminent relief in sight. Of course, discharging your debts through a Chapter 7 bankruptcy or establishing a repayment plan under Chapter 13 demands a thorough review of your existing assets. While many types of Read More

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Book Analyzes Data on Bankruptcy Filing Demographics and Causes Over the Last Decade

One of the biggest misconceptions people have when they’re considering filing for bankruptcy is that they’re all alone. Most of us are reluctant to discuss financial problems, even with friends and family members who are very close to us. A new book by three professors analyzes information regarding bankruptcy filings over more than a decade Read More

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Watch Out for Self-Proclaimed Bankruptcy Experts on TikTok

Reportedly 700 million videos are uploaded to TikTok each month. Much of what goes on the platform is designed to document a good time or get a laugh from the site’s users. However, there are millions of instructional and explanatory videos as well, on practically every subject. As many people rely increasingly on TikTok and Read More

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Professor Urges Passage of Federal Law to Protect Private Customer Information When Companies Go Bankrupt

Companies go bankrupt all the time, and when they do, assets can be sold so that creditors can receive payment on what they are owed. If a manufacturer has to sell inventory or fixtures as part of a Chapter 7 or 11 proceeding, it usually has little to no effect on third parties. However, for Read More

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Chapter 7 Bankruptcy Filings Increase in First Half of 2025

Since the beginning of 2025, the news has been filled with stories related to America’s economy and the changes instituted by the new presidential administration. Though there is disagreement about the best way to proceed and we probably won’t know the true effects of new policies for quite a while, many people in the United Read More

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Are Debts Owed for Traffic Violations and Other Offenses Part of a Chapter 13 Repayment Plan?

Filing for Chapter 13 is the right option for many individuals facing financial distress despite the fact that they are earning a steady income. Many people are unable to climb out to debt on their own when a short-term job loss, medical issue, divorce or expensive repair sets them back. By developing a fair repayment Read More

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Bankruptcy and 401(k) Loans

People facing unrelenting pressure from creditors often consider a range of options. For many, bankruptcy offers the clearest path to a fresh financial start. Another option some people consider is taking out a loan against the funds in their 401(k) retirement account. Under both Chapter 7 and Chapter 13 filings, 401(k) plans are generally protected Read More

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Can You Keep Your Airline Miles and Reward Points if You File for Bankruptcy?

When you seek relief for overwhelming debt through Chapter 7 bankruptcy, it’s possible that some assets you own will be taken and sold by the trustee in order to help pay your creditors. Several types of items are fully or partially exempted from liquidation, but you might be unclear on whether you can keep certain Read More

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Bankruptcy Among Financial Professionals

Debt problems cut across all demographic groups and workers in every industry. Doctors, lawyers and even financial professionals frequently file for bankruptcy when they can no longer pay creditors what they owe. This highlights the fact that financial struggles are usually attributable to unfortunate circumstances that can affect anyone.  If you work in the financial Read More

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    Starting the process of bankruptcy can seem scary. However, working with Jeff Field & Associates made it very easy. They explained everything so clearly and helped my spouse and I, walk through every step of the process. Definitely recommend!

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