Burr Law Office Blog

How much debt is needed to file bankruptcy?

If you are wondering how much debt you need to get the ball rolling with bankruptcy, it might come as a surprise. You see, if your debt is less than $10,000 U.S., then you have what is called “non-dischargeable debt.” This means that even if you are successful in discharging most of your debts through […]

Discharge in Bankruptcy – Bankruptcy Basics

A discharge in bankruptcy is the release of one or more debts by the bankruptcy court. A discharge means that all debts, including any discharged debt obligations, are legally forgiven. There are two types of discharges: general and special. General discharges are any debts belonging to one or more people who can be held liable […]

DOES BANKRUPTCY COVER MEDICAL DEBT?

Don’t look now but the cost of medical care in the United States continues to rise and there is no clear relief in sight – certainly not in 2023 – as companies, organizations and individuals navigate through an unstable economy. That’s according to the current Mercer’s National Survey of Employer-Sponsored Health Plans. The survey reported […]

CAN YOU FILE FOR BANKRUPTCY WITHOUT AN ATTORNEY?

CAN YOU FILE FOR BANKRUPTCY WITHOUT AN ATTORNEY? “He who represents himself has a fool for a client.” Abraham Lincoln has often been credited with imparting this sage legal advice over the years but researchers have also credited others before Lincoln including William De Britaine in 1682 and Roger L’ Estrange in 1692. The quote […]

FILING FOR BANKRUPTCY – THE COST FACTOR

Bankruptcy. The very word can send chills up your spine. Many people fear filing for bankruptcy because they dread the thought of being ruined financially. What will this mean for my family? How will it affect my employment or business opportunities moving forward? As is with so many things in life, two more burning questions […]

Bankruptcy Myths

Financial difficulties are a huge burden to thousands of people. Many continue to struggle long past the point that they should. Oftentimes, people resist the obvious option of bankruptcy because they have misconceptions about it, or fear its implications. In this post, we’ll explore some of the most prevalent myths about bankruptcy and how much […]