If you owned a home that was foreclosed, and the lender was unable to sell the property at foreclosure for at least the amount you owed on the home (i.e., you were underwater on your mortgage), then you may be left with a balance owed to the bank. This is called a deficiency.  Often, this deficiency […]

New bankruptcy clients frequently ask us about whether they may transfer assets to another person prior to filing bankruptcy, or if they are required to list certain assets. In short, the answer is that you must list all assets and cannot transfer assets away to avoid the bankruptcy process. When you file a bankruptcy case, […]

Many people who are considering bankruptcy are scared by the process. You may fear losing your home or car, or you may feel you are going to be viewed negatively by friends, family, or the community.  Usually, these fears are based on myths that are not in reality true.  Below are some common bankruptcy myths […]