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Van Horn Law Group Blog

7 Signs It's Time to Consider Personal Bankruptcy

Posted by Chad Van Horn on Apr 6, 2017 8:20:22 AM

When struggling with debt, there comes a time when personal bankruptcy may be the best choice. The most well-known types are Chapter 7 and Chapter 13, but the former is most since it’s quick and simple.

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Topics: Chapter 13, Bankruptcy, Chapter 7

How to File for Bankruptcy with No Money?

Posted by Chad Van Horn on Mar 21, 2017 9:46:12 AM

Anyone who has ever done a Google search for “how to file for bankruptcy with no money” has no doubt seen the ads offering so-called free bankruptcy filings. As with most things, these are too good to be true. I have often said that when you are facing the federal courts, as you are when filing for bankruptcy, you need an attorney on your side. Very often these “free” bankruptcy filings are anything but, and they often do not even have an attorney on hand to advise you. You will end up dealing with bankruptcy preparers - who simply fill out forms and cannot offer legal advice – or paralegals who despite the title are not allowed by law to offer legal advice. Think about it – paramedics are medical professionals, but you won’t see them performing surgery or diagnosing an illness – right?

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Topics: Chapter 13, Get Out of Debt, Bankruptcy, Chapter 7

How Bankruptcy can Help Your Credit

Posted by Chad Van Horn on Jan 4, 2017 9:57:17 AM

To understand just how bankruptcy can help with your credit, first you need to understand how long certain items stay on your credit report. For entries such as late payments, charge-offs, collections, tax liens, judgments, and foreclosures the magic number is seven. These items stay on your report a full seven years. Another troublesome thing is that “hard inquiries” remain visible for two years and can cause your score to dip for as much as six months. If you have enough of these entries, your credit score can be punched down from good or fair credit into bad credit. If you are living on the financial edge, it’s going to be reflected in your report, even if you are making payments.

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Topics: Chapter 13, Bankruptcy, Chapter 7, Chapter 11

Bankruptcy vs. Paying Off Debt

Posted by Chad Van Horn on Jan 2, 2017 9:18:36 AM

There are people who think that bankruptcy is the worst fate ever. It’s not, and nobody gets to the point where they’re considering filing for bankruptcy without a lot of lost sleep. What bankruptcy is a way to either say, “I have nothing to pay off this debt with, or it’s ruining my life!” or “I have this debt but I can’t pay off all of it, or it will ruin my life!” or “My business has more debts than assets, but I think we could make it if I could pay some of the debt.” In this case, the options are Chapter 7 or Chapter 13 for individuals, and Chapter 11 for businesses.

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Topics: Chapter 13, Get Out of Debt, Bankruptcy, Chapter 7, Chapter 11

How Much Does Bankruptcy Cost In Broward County?

Posted by Chad Van Horn on Dec 27, 2016 8:26:19 AM

Legal fees are a big source of mystery to most people, as very few have to deal with attorneys and legal matters on a regular basis. It can be confusing, as it’s one of those thing for which there can be a number of different answers for the same question. 

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Topics: Chapter 13, Bankruptcy, Chapter 7, Chapter 11

Do You Need an Attorney to File Bankruptcy?

Posted by Chad Van Horn on Dec 7, 2016 8:37:04 AM

Do I need to have an attorney to file bankruptcy?

"I’ve seen ads for bankruptcy preparers and paralegals, and DIY bankruptcy kits."

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Topics: Chapter 13, Bankruptcy, Chapter 7, Chapter 11

The Zero Down Bankruptcy: Why I Do It and Nobody Else Does

Posted by Chad Van Horn on Nov 29, 2016 8:14:23 AM

“I’m too broke to file for bankruptcy.”

You never want to get to this point, but I see so many people who need to file for personal bankruptcy who say this. They’re hopeless and resigned to a freight train of foreclosures, evictions, judgments, garnishments, bad credit problems, and endless harassment by collections agencies. Some try to handle it themselves, either by doing their own filing or using a bankruptcy preparer, but in doing this they often make mistakes or get bad advice that leads to the dismissal of the filing. Even a “simple” Chapter 7 is a complex legal procedure that takes place in the federal courts, and you need help.

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Topics: Chapter 13, Bankruptcy, Chapter 7, Chapter 11

How to Recover from Bankruptcy?

Posted by Chad Van Horn on Nov 21, 2016 6:13:12 AM


Q: I’m considering filing for a Chapter 13 bankruptcy, but my biggest concern is what happens after I emerge from bankruptcy. How do I move forward with that much damage on my credit report? How do recover? I’m worried that my landlord could evict me even if I am current, and that I won’t have enough credit to get a decent place to live, or that I’ll end up having to move into the place where I have my office space in violation of my lease. Help?

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Topics: Chapter 13, Bankruptcy, Chapter 7, Chapter 11

The Truth About Discharging Taxes in Bankruptcy

Posted by Chad Van Horn on Sep 14, 2016 7:59:39 AM

I have to tell you that I hear this one all the time. In fact, it is possible to discharge some portion of federal, state, and local income taxes in your bankruptcy along with any penalties or interest that are attached. However, this is not a blanket statement. 

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Topics: Chapter 13, Bankruptcy, Chapter 7, Chapter 11, IRS Debt

Bankruptcy 341 Meeting of Creditors: Tips for Success

Posted by Chad Van Horn on Aug 18, 2016 7:23:51 AM


A 341 hearing is also called a meeting of creditors. This takes place between you, the Trustee, and your creditors – if any of them show up. It’s a short meeting, but a very important one, and you will be asked about 20-25 questions about your financial situation. This type of meeting is consistent across all types of bankruptcies – Chapter 7, Chapter 11, and Chapter 13 being the most commonly filed types of bankruptcies. Ideally, you should attend with your attorney present, make any amendments to your case before this meeting, and make sure that the trustee is advised of any changes. In general, the meeting follows this type of format as provided by the Justice.gov website. Bankruptcies, as with all other legal proceedings, follow a set procedure and form. 
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Topics: Chapter 13, Bankruptcy, Chapter 7, Chapter 11

 

About Chad Van Horn

Chad_Van_Horn

Chad T. Van Horn, Esq. is a South Florida business leader and founding partner attorney of Van Horn Law Group, P.A. Through a combination of dedicated philanthropy, spirited entrepreneurship and legal expertise, he applies his resources and network to helping people. Learn more about Chad Van Horn.

 

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