KWW Blog

November 20, 2018

What’s the Difference?

There are differences between a Chapter 7 bankruptcy (“liquidation” or “straight bankruptcy”) and a Chapter 13 bankruptcy (the “wage earner’s bankruptcy”).  While a Chapter 7 bankruptcy […]
November 20, 2018

Withholding Judgment

Sometimes debtors are described as “judgment proof.”  This means that creditors will have difficulty collecting debt against them because their property is legally exempt or they […]
November 20, 2018

Bankruptcy Can Eliminate Tax Debts!

Most bankruptcy filers will continue to owe tax debts at the end of a Chapter 7 bankruptcy.  However, it is possible to discharge debts for State and […]
November 20, 2018

Consider the Alternatives

If a debtor does not qualify for a Chapter 7 filing, there are financial options other than Chapter 13 bankruptcy, but they have their own downsides […]
November 20, 2018

Ways and Means

In order to qualify for Chapter 7 bankruptcy, which discharges most of a debtor’s unsecured debt (personal loans, credit cards, etc.), the debtor must pass a […]
November 20, 2018

The Costs of Bankruptcy

It may seem somewhat ironic to anyone considering filing for bankruptcy that he or she is expected to pay exorbitant fees to file.  Fortunately, filing costs […]
November 20, 2018

Going Public Or Keeping Private

Even thought it may make perfect financial sense for them to file for bankruptcy, some people avoid filing because they feel embarrassed or ashamed.  This is […]
November 20, 2018

More Than Cosigners Bargained For

Loan cosigners should know that if the primary borrower does not pay the debt and files for bankruptcy, the cosigner will be responsible for the debt.  […]
November 20, 2018

Are You Responsible For Business Debt?

Any consideration that a business owner gives to filing for bankruptcy hinges on whether he or she is personally liable for the debt incurred by his […]