Marsha C Mason Law Firm

07/17/2025

05/06/2024

Before entering into a Chapter 7 bankruptcy, filers must meet the requirements of the Chapter 7 “Means Test.” This is necessary to make sure that only those that are genuinely qualified for Chapter 7 are allowed to use it, and to keep those in better financial health from exploiting it.

05/02/2024

Is a bankruptcy the most negative mark I can have on my credit report? That’s true, but most people considering bankruptcy probably have late payments and other negative marks on their credit reports. In some cases, a bankruptcy doesn't lower your score that much.

04/29/2024

The two most common types of bankruptcy are Chapter 7 and Chapter 13. If you qualify for Chapter 7 bankruptcy, then many of your debts will be eliminated, while Chapter 13 allows you to figure out a payment arrangement for your debts.

04/25/2024

If you have more bills than income, you may think that bankruptcy is inevitable. However, it is a good idea to consult with an attorney before making this tough decision to see what your options are.

04/22/2024

Most states have statutes commonly called homestead laws that help home owners protect their homes. While the specifics vary, in general, these laws prevent creditors from forcing you to sell your home to cover outstanding debt or repay loans.

04/18/2024

Are you worried that filing for bankruptcy will mean you have to get rid of your furniture or other property? Not necessarily. During bankruptcy, there’s a certain amount of non-secured personal property that can be exempt from the proceedings so you can keep it.

04/15/2024

Chapter 13 bankruptcy works as a repayment plan that must be approved by the court. People usually file Chapter 13 bankruptcy if they’ve fallen behind in their mortgage or are facing foreclosure.

04/11/2024

Are you facing foreclosure on your home? Filing for bankruptcy can stop the foreclosure and allow you to catch up on missed payments.

04/08/2024

When you hire an attorney for Chapter 11 bankruptcy, you should understand the total cost of the bankruptcy as well as any other services the lawyer or law firm offers, such as accountants or financial planners.

04/04/2024

There are four different kinds of bankruptcy: Chapter 7 (known as liquidation or straight bankruptcy), Chapter 11 (reorganization), Chapter 12 (reserved for family farmers and fishermen), and Chapter 13 (known as debt adjustment). A bankruptcy attorney will go over your options with you to select the right one.