by Luke Homen
If you’re active duty military or a veteran dealing with debt, you might be eligible for special protections that can make filing Chapter 7 bankruptcy easier. The means test is usually the biggest hurdle in a Chapter 7 case. It determines whether your income is low enough to qualify. But military service members get important […]
by Luke Homen
Video Transcript How the Automatic Stay Protects You in Bankruptcy: What Every Debtor Needs to Know What is an automatic stay and how quickly does it take effect after filing bankruptcy? Luke Homen explains that the automatic stay is one of the most powerful tools available to individuals filing for bankruptcy. It goes into effect […]
by Luke Homen
Video Transcript What is wage garnishment and how does it affect a person’s paycheck? Wage garnishment begins when an employer receives a court order directing them to withhold a portion of an employee’s wages to satisfy a debt. According to Luke Homen, this process happens without the employee’s permission. As a result, the employee’s paycheck […]
by Luke Homen
Video Transcript What is the purpose of a Chapter 13 plan payment? In this episode, Luke Homen, founder of Convenient Bankruptcy, explains one of the most common questions clients have when filing for Chapter 13 bankruptcy: how monthly plan payments are calculated. He begins by clarifying that the Chapter 13 payment is the single monthly […]
by Luke Homen
Video Transcript: Six Ways to Qualify for Chapter 7 Bankruptcy – Luke Homen Episode 7 What is the most common way to qualify for Chapter 7 bankruptcy? Luke Homen explained that the most common path to Chapter 7 eligibility is through the median income test. Each state publishes income limits based on family size, […]
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