credit Archives - Knudsen Law

Bankruptcy Basics (Part II) Car, Home, and Furniture Loans

If you are considering bankruptcy, you may be concerned about being able to keep your car and home. The good news is that you will likely be able to keep your vehicle and home. Let’s start with home loans. If you have less than $60,000 of equity (calculated as home value – mortgage total) then [...]

Bankruptcy Basics (Part I) The Different Types of Bankruptcy Cases

The main goal of any bankruptcy case is getting a discharge of a large amount of debt. Getting a debt discharged means that the debtor is no longer obligated to repay the debt. Credit card debt and medical debt are generally dischargeable through bankruptcy. Taxes, alimony, child support, and student loan debts are typically not [...]