W. DEREK MAY

What Is the Main Difference Between Chapter 7 and Chapter 13? Here's the simplest way to think about it: Chapter 7 wipes out most of your debts quickly (usually in 3-4 months), while Chapter 13 sets up a 3 to 5 year repayment plan which lets you keep more assets. Chapter 7 is often called "liquidation bankruptcy" because a trustee can sell non-exempt property to pay creditors. Chapter 13 is a "reorganization bankruptcy" where you keep your stuff but commit to a court-approved

If you're behind on mortgage payments and worried about losing your home, you're not alone. There’s good news: Filing for bankruptcy can stop foreclosure and give you a chance to save your home. Let's break down exactly how bankruptcy works to protect homeowners and what your options are. How Does Bankruptcy Stop Foreclosure? When you file for bankruptcy, something powerful happens immediately. It's called an automatic stay, and it's a legal protection that stops creditors in

When your business is drowning in debt, the attorney you choose can make the difference between a fresh start and financial disaster. But here's what many business owners don't realize: Not every lawyer is qualified to handle bankruptcy cases . Business bankruptcy is a specialized area of law that requires specific knowledge, training, and experience. Working with an attorney who regularly practices bankruptcy law is essential to protecting your business, your assets, and you

It can be overwhelming to be faced with the possibility of bankruptcy because of the uncertainty many people experience before they meet...

Financial struggles can feel isolating, stressful, and even hopeless at times, but there is always a way out. Whether it's mounting...

Wage garnishment can feel like a relentless wave, chipping away at your financial stability with each paycheck. It's a legal procedure...

Facing a lawsuit over debt can be one of the most distressing experiences for an individual or family. The constant worry of legal action...

For many homeowners, the threat of foreclosure looms heavily, especially during challenging economic times. But what if there was a legal...

In January 2021, the homestead exemptions available to protect the equity in a primary residence were increased to up to as much as...

With the rise in real estate values across the country and particularly in California, some individuals with high mortgage debt or high...