GOLDBACH LAW BLOG
Learn more about bankruptcy law, debt collection, and more. Free tips and checklists to help you better plan and manage your bankruptcy decision.
Bill Collectors
At one time or another all of us have been contacted by bill collectors. We get behind on credit card bills, medical bills, mortgages, the list goes on and on. Once we receive that first letter or phone call from these bill collectors, the mental nightmare begins....
Personal Liability
Owning a small business requires a lot of costs, whether that is through payroll taxes, permits or licenses. If you are a small business owner and you have a lot of debt that you are unable to pay, creditors have the right to take legal action. Before you determine...
Dischargeable Debt
Dischargeable debt is debt that is completely wiped out when you file Chapter 7 bankruptcy. While all of your accumulated debt is not eligible to be classified as “dischargeable debt” it is an important consideration in deciding whether or not to file for bankruptcy....
Debt Consolidation
Debt consolidation is a way to receive one single loan to pay off small debts, which allows you to have a single monthly payment as opposed to several. The ultimate goal with debt consolidation is to lower your interest rate and monthly payment all while you are also...
Misclassified Employee
Misclassified employees such as independent contractors are a serious problem in the labor and employment field. This unfair practice has been going on for a long time and unfortunately, a lot of people are getting away it. The reason this is such a problem is because...
Bankruptcy Means Test
A bankruptcy means test is a test that determines whether your income is low enough for you to qualify for a Chapter 7 bankruptcy. In other words, if your income is too high you may file for a Chapter 13 bankruptcy.The reason a bankruptcy means test exists is to limit...
Setting Goals
The purpose of setting goals is to be able to create the lives we want. What are some of your goals? Do you want to be successful, healthy, debt free, perhaps all of the above? Setting goals can often times be unrealistic. This happens for a few reasons; people don’t...
Filing Bankruptcy
If you and/or your loved ones are in an unfavorable financial position i.e. buried in debt, keep in mind that filing bankruptcy affords you a great opportunity for cleaning the slate. It can be intimidating, especially if it is your first time, but we have put...
Discharge Student Loans: Is it Possible?
Bankruptcy is designed to provide debtors with a fresh start. Typically, you’ll have the option of discharging most of your debts, setting up a feasible repayment plan or wiping out unsecured debt while continuing to make payments on your home and other secured...
