We Are Open! A & L, Licker Law Firm, LLC is keeping our clients and staff safe from COVID-19. We are open for free phone and video consults during these difficult times.

Our 3 Step Process

Step 1:
Get Out Of Debt

Step 2:
Clean Up Your Credit

Step 3:
Build Your Score

Blog

Myths and Truths About Chapter 13 Bankruptcy, Part III

Myths and Truths About Chapter 13 Bankruptcy, Part III Myth:  A debtor can only file a Chapter 13 bankruptcy if they are trying to save a house from foreclosure or a car from repossession. Truth:  There are several reasons why a person may file a Chapter 13 bankruptcy.  One reason is the debtor is over […]
read more

Myths and Truths About Chapter 7 Bankruptcy, Part III

Myths and Truths About Chapter 7 Bankruptcy, Part III Myth:  If a debtor wishes to retain personal property or real property, the property can be excluded from the bankruptcy and does not need to be listed in the petition. Truth:  All property, real and personal, a debtor owns at the time of the bankruptcy must […]
read more

What if I want to buy or sell something while in bankruptcy?

There is a common misperception that debtors cannot purchase or sell any property while in a chapter 13 bankruptcy.  That simply is not the case.  However, you will need permission from the court to complete any purchase or sale.  Should you find that you would like to sell or purchase an item, for example a […]
read more

What is Median Income?

If you are considering filing for bankruptcy and meet with an attorney he/she will likely determine whether you are under or over median income  Individuals at or below median income for their family size can file a Chapter 7.  If you are over median income you must file a Chapter 13 Bankruptcy. If you are […]
read more

Myths and Truths About Chapter 7 Bankruptcy: Part II

Myths and Truths About Chapter 7 Bankruptcy: Part II Myth:  Debtors can include some creditors in a bankruptcy and leave out other creditors so that some creditors can be discharged while debtors continue to pay other creditors. Truth:  Debtors may not include some creditors in a bankruptcy but not others.  Any creditor who debtor owes […]
read more

Myths and Truths About Chapter 13 Bankruptcy: Part II

Myths and Truths About Chapter 13 Bankruptcy: Part II Myth:  Debtors who file a Chapter 13 bankruptcy will lose their entire tax refund every year they are in the Chapter 13 without exception. Truth:  Sometimes debtors in a Chapter 13 bankruptcy are required to turn over their tax refunds.  The debtor is obligated to turn […]
read more

Involuntary Bankruptcy

If a debtor chooses to file bankruptcy he/she files a voluntary petition for bankruptcy with the court.  If a creditor attempts to force an individual into a bankruptcy it is considered involuntary.  Basically, this happens when a creditor feels that the only way they will recover anything from the debtor is to force them into […]
read more

Who will know that I am filing for bankruptcy?

Often times, when considering filing for bankruptcy, people are concerned with the perceived stigma  around filing for bankruptcy and/or who might find out that they have filed. First, let’s address the perceived stigma of filing for bankruptcy.  In 2011 alone over 1.5 million people filed for bankruptcy.  This number has doubled since 2007.  Bankruptcy filings […]
read more

Myths and Truths About Chapter 13 Bankruptcy: Part I

Myths and Truths About Chapter 13 Bankruptcy:  Part I Many people who are considering filing bankruptcy have misconceptions about bankruptcy.  They may have heard things from friends and family members that may make them apprehensive about filing a Chapter 13 bankruptcy.  Below please find some common myths about Chapter 13 and the truths associated with […]
read more