The Office of Russell Gary Small, P.C. COVID -19 UPDATE: In these uncertain times all of us at The Office of Russell Gary Small, P.C. wants to reassure you that we are open and continue to work for you. We can meet with you via telephone or video conference, and communicate electronically. We are here for you, and encourage you to reach out to us with any questions or concerns. Stay safe and healthy.
Chapter 7 bankruptcy can be an effective solution for major debts. People who qualify for Chapter 7 proceedings can discharge eligible debts within months if they successfully complete the bankruptcy process. However, asset liquidation is sometimes necessary during...
When most people think about bankruptcy, they are likely thinking about Chapter 7 bankruptcy. This is known as liquidation bankruptcy because it requires a person to liquidate any non-exempt assets. There are key exemptions, such as for the tools of the trade or the...
For most people, buying a home is a multi-decade endeavor. They must finance the property with a mortgage and then spend 30 years making monthly payments. If people miss mortgage payments, they could be at risk of losing their homes. Missing as few as four...
Most individuals who are unable to pay their unsecured debts use Chapter 7 bankruptcy. With this procedure, most of your debts will be canceled. The court will appoint a bankruptcy trustee who will sell your non-exempt property and distribute the proceeds among your...
When you file for bankruptcy, you may face close reviews of past financial choices. Courts and trustees often check your transactions to see if you moved assets in ways that affect creditors. As a result, look-back rules can shape the review, and these timelines may...
The automatic stay represents one of the most powerful protections available to debtors in financial distress. When you file a bankruptcy petition, this federal law immediately stops most collection activities against you and your property. The automatic stay goes...
One of the main reasons that people file for bankruptcy is simply that they cannot afford their medical bills. After all, an emergency situation could leave someone with hundreds of thousands of dollars in medical debt. There is no way they are going to be able to pay...
Talking to your child about filing for bankruptcy might not have been a discussion you thought you would ever have. You may have wanted to teach them about bankruptcy as a lesson in financial responsibility. But things happen in life. And now, you need to inform that...
The decision to file for bankruptcy is, in most cases, not an easy one to make. Cases of people waiting until it's too late to declare bankruptcy have been reported. This usually leads to increased debt, further damage to credit, increased mental health issues and...
You may have relied on someone close to cover essential expenses such as electricity, rent or urgent medical needs. When credit runs out or lenders say no, a personal loan from a friend or relative often becomes the only option. Later, when the debt feels impossible...
