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SUSSMAN
& ASSOCIATES


Bankruptcy: Exemptions and Exceptions
If you are thinking of filing for bankruptcy, contact our legal offices to discuss how you can maximize your exemptions.
5 min read


Eliminating Second Mortgage via Bankruptcy
Although a lot of people think the best option that they have is to surrender the realty or the home which they purchased a long time...
2 min read


Role of a Bankruptcy Trustee
Many people who are contemplating filing bankruptcy ask the question, what exactly is the job of the bankruptcy trustee? Is he my friend...
3 min read


How to Qualify Under the Means Test
The principal provision of this Congressional enactment was the addition of a “means test” designed to prevent higher income earners from...
3 min read


Will I Lose My Home if I File for Bankruptcy?
The answer to this question depends upon a number of factors. The first of which is, what chapter bankruptcy is contemplated i.e.,...
2 min read


Bankruptcy Intake
TIP #1 – Reassuring the Debtor One of the most common concerns the debtor has (when inquiring about how the bankruptcy process works) is...
4 min read


Decoding the Bankruptcy Means Test
The “means test” is a formula designed to keep filers with higher incomes from filing for Chapter 7 bankruptcy. Only bankruptcy filers with primarily consumer debts, not business debts, need to take the means test. High income filers who fail the means test may use Chapter 13 bankruptcy to repay a portion of their debts, but may not use Chapter 7 bankruptcy to wipe out their debts altogether. However, having to take the Chapter 7 means test doesn’t mean that you must be penni
3 min read


Foreclosure and the Automatic Say
While there are many reasons for the rise in bankruptcy filings, with working families falling victim to job losses, the collapse in the...
3 min read
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