What Assets Can I Protect If I File Bankruptcy?

What Assets Can I Protect If I File Bankruptcy?

Hi, this is Ike Shulman of Shulman Law Office. Exemptions help you determine how much of your property you get to keep when you file for bankruptcy. Exemptions play different roles depending on whether you are filing a Chapter 7 or Chapter 13 bankruptcy. Exemptions allow you to keep a certain amount of assets safe in bankruptcy, such as an inexpensive car, professional tools, clothing, and a retirement account.Read more


Can Bankruptcy Stop Creditors From Garnishing My Wages, Taking Money From My Bank Account?

Can Bankruptcy Stop Creditors From Garnishing My Wages, Taking Money From My Bank Account?

Hi, this is Ike Shulman of Shulman Law Office. If you fall behind on your debts, your creditors might sue you and try to garnish your wages. This can make it impossible for you to pay other bills, or even pay your rent or mortgage. Should you find yourself in this situation, filing for Chapter 7 or Chapter 13 bankruptcy may be the best option for you.Read more


The Automatic Stay: How It Protects You When You File Bankruptcy

By: Carron Armstrong

Calling a debtor after a bankruptcy is filed can be a violation of the automatic stay. One of the most powerful tools in your bankruptcy tool box is the automatic stay. The automatic stay is an injunction that goes into effect when the case is filed. Read more