Bankruptcy

McKinney & Associates Blog

Bankruptcy: What is an Automatic Stay?

The automatic stay stops people and companies that you owe from trying to get their money. Typically, the automatic stay activates as...

The Different Flavors of Bankruptcy

A bankruptcy debtor receives a fresh start through the discharge of his or her debts, which releases the debtor from personal liability...

Downsides of Chapter 7 Bankruptcy

Since Chapter 7 bankruptcy is the most common type of bankruptcy filed, below we discuss some of its downsides. The Chapter 7 bankruptcy...

Can a Debt Collector Collect a Debt Discharged in Bankruptcy?

Debt collectors are prohibited from trying to collect on most debts that were discharged in bankruptcy. And if you file for bankruptcy,...

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is a type of bankruptcy case that individuals, married couples, and businesses can file. It is the most common type...

Hannah Moore

Are you ready to get help filing for bankruptcy protections?

Going through a finical crisis is a confusing and frustrating time. As you struggle to stay afloat, you may think about declaring...

Bankruptcy 101

Article I, Section 8 of the US Constitution authorizes Congress to enact "uniform Laws on the subject of Bankruptcies." Using this grant...

Cast of Characters in Chapter 7 Bankruptcy

Below we break down the roles and rights of the Debtor, the Trustee, and the Creditors involved in a Chapter 7 Bankruptcy. Cast of...