Bunch & Brock Blog

Can I Keep My Car If I File Chapter 7?

Posted on November 9, 2018 - 2:59 pm by Bunch & Brock

If you are thinking about filing for Chapter 7 bankruptcy relief, you probably know this involves “liquidation,” or selling of property, to pay back debts. This is naturally worrying, especially when it comes to the property you need, such as a vehicle you use for transportation. Many pre-bankruptcy clients wonder, “Can I keep my car […]

How to Confront Unpaid Loans with a Bankruptcy

Posted on October 25, 2018 - 2:19 pm by Bunch & Brock

Filing for bankruptcy can eliminate many types of outstanding debt, including credit card balances and medical bills; but what about loans for big-ticket items like a car, house, or furniture? A vehicle loan, a home mortgage, and a payment plan for merchandise may also be some of the loans with a bankruptcy that are dischargeable, […]

Bankruptcy Dismissal vs. Discharge – There’s a Huge Difference Between the Two

Posted on October 15, 2018 - 8:00 am by Bunch & Brock

Bankruptcy “dismissal” sounds a lot like bankruptcy “discharge,” but these two terms have very different meanings. It is important to understand this and to ensure you end up on the right side of the court ruling. A dismissal may mean you lose bankruptcy protection and remain accountable for debts you had expected to be discharged. […]

Willful Failure to Pay Taxes

Posted on October 10, 2018 - 7:30 pm by Bunch & Brock

Federal law requires employers to withhold income, Social Security, and Medicare taxes from employee wages. When a company experiences financial distress, payments for these payroll or “trust fund” taxes may be temporarily postponed or deliberately ignored. It is important for any business owner to understand that willful failure to pay employee taxes can bring a […]

Debt Avalanche vs. Debt Snowball – Two Methods to Prioritize Debts

Posted on August 27, 2018 - 7:36 pm by Bunch & Brock

If you are making minimum monthly payments on a mountain of debt, it may seem impossible to imagine a debt-free future. A debt reduction plan such as “debt avalanche” or “debt snowball” can help you pay down and eventually get rid of your financial obligations. These methods involve paying off creditors one at a time, […]

Beware These Warnings Signs of Financial Catastrophe

Posted on July 9, 2018 - 3:43 pm by Bunch & Brock

Many people experience an occasional setback that impacts their bank balance. In fact, in today’s economy, it isn’t unusual to find yourself struggling to make ends meet. But, it is important to do all you can to avoid a financial meltdown — a scenario that can bring long-term consequences. The key to avoiding financial catastrophe […]

What Success Stories Tell Us About Getting out of Debt

Posted on May 21, 2018 - 6:50 pm by Bunch & Brock

Falling into debt is one of the most overwhelming situations anyone can face. As the interest accumulates and the bills pile up, it’s easy to feel like there is no way out. However, debt doesn’t have to ruin your life. One of the best ways to figure out how to get out of debt is […]

You Have the Tools to Rebuild Your Credit

Posted on April 23, 2018 - 2:00 pm by Bunch & Brock

Maybe you’re the type of person who obsesses over their credit score. Or maybe the mention of the term causes you to space out from boredom. Regardless of how much you care about your score, it exists, and it’s a key part of how you’re evaluated by financial institutions. You’ve likely heard about the impact […]

New Bankruptcy Bar Date Drops from 120 Days to 70 Days

Posted on April 10, 2018 - 2:08 pm by Bunch & Brock

Dogged by numerous creditors? Unable to afford the lease payments on your business space? When the battle to remain solvent becomes too tough, an option of last resort for individuals and business owners is filing for bankruptcy. It can be a tough sell for many. We have it drilled into us that bankruptcy is a […]

Getting Your House in Order – How to Strengthen Your Credit Score

Posted on February 21, 2018 - 4:13 pm by Bunch & Brock

If you have accumulated more debt than you can reasonably afford to pay, filing for bankruptcy is often the best option. When you file for bankruptcy, you are able to get out from under the debt and ensure a better financial future for yourself and your family. However, the bankruptcy will have a negative effect […]

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Caryn L. Belobraidich

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