{"id":75,"date":"2014-01-12T00:40:42","date_gmt":"2014-01-12T00:40:42","guid":{"rendered":"http:\/\/fastforwardstories.com\/?p=712"},"modified":"2023-11-11T11:52:35","modified_gmt":"2023-11-11T11:52:35","slug":"how-to-file-bankruptcy","status":"publish","type":"post","link":"https:\/\/mylegaladvocate.com\/how-to-file-bankruptcy\/","title":{"rendered":"How To File Bankruptcy"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 0 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_1frmfv2x9i dnt=1 videoFoam=true\" style=\"height:100%;position:relative;width:100%\">\n<div class=\"wistia_swatch\" style=\"height:100%;left:0;opacity:0;overflow:hidden;position:absolute;top:0;transition:opacity 200ms;width:100%;\"><img src=\"https:\/\/fast.wistia.com\/embed\/medias\/1frmfv2x9i\/swatch\" style=\"filter:blur(5px);height:100%;object-fit:contain;width:100%;\" alt=\"\" aria-hidden=\"true\" onload=\"this.parentNode.style.opacity=1;\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>\nUS law allows courts to declare individuals and businesses bankrupt, allowing them to settle debts without full payment.  Filing bankruptcy is a legal action asking the court to make this declaration; deciding to file should account for: &#8211;Debts that are owed &#8211;Assets that could be affected by the decision &#8211;Assets that are exempt from the decision, which vary by state. &#8211;Eligibility for bankruptcy discharge, based on your means.  Some types of bankruptcy, like Chapter 7, include a &#8216;means test.&#8217;  Filing typically involves taking a credit-counseling course, then completing a Bankruptcy Petition with the US Court.  Full proceedings will require additional forms and information, and usually at least one meeting with the bankruptcy trustee.  The full course of settlement will vary; objections or motions by creditors, winding up of secured debts, and other matters may differ based on circumstances.  The final step is completing a debtor education course before the court issues a discharge.<br clear='none'\/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US law allows courts to declare individuals and businesses bankrupt, allowing them to settle debts without full payment. Filing bankruptcy is a legal action asking the court to make this declaration; deciding to file should account for: &#8211;Debts that are owed &#8211;Assets that could be affected by the decision &#8211;Assets that are exempt from the&hellip;<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[14],"tags":[15],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To File Bankruptcy - Lake Worth, Wellington, Palm Beach County, FL | Marecki Law Firm<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mylegaladvocate.com\/how-to-file-bankruptcy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How To File Bankruptcy - Lake Worth, Wellington, Palm Beach County, FL | Marecki Law Firm\" \/>\n<meta property=\"og:description\" content=\"US law allows courts to declare individuals and businesses bankrupt, allowing them to settle debts without full payment. Filing bankruptcy is a legal action asking the court to make this declaration; deciding to file should account for: &#8211;Debts that are owed &#8211;Assets that could be affected by the decision &#8211;Assets that are exempt from the&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mylegaladvocate.com\/how-to-file-bankruptcy\/\" \/>\n<meta property=\"og:site_name\" content=\"Lake Worth, Wellington, Palm Beach County, FL | Marecki Law Firm\" \/>\n<meta property=\"article:published_time\" content=\"2014-01-12T00:40:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-11T11:52:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mylegaladvocate.com\/wp-content\/uploads\/sites\/148\/2023\/05\/Social-Media-Photo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ealberto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ealberto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mylegaladvocate.com\/how-to-file-bankruptcy\/\",\"url\":\"https:\/\/mylegaladvocate.com\/how-to-file-bankruptcy\/\",\"name\":\"How To File Bankruptcy - Lake Worth, Wellington, Palm Beach County, FL | Marecki Law Firm\",\"isPartOf\":{\"@id\":\"https:\/\/mylegaladvocate.com\/#website\"},\"datePublished\":\"2014-01-12T00:40:42+00:00\",\"dateModified\":\"2023-11-11T11:52:35+00:00\",\"author\":{\"@id\":\"https:\/\/mylegaladvocate.com\/#\/schema\/person\/07392ee023aef485e827a154a23d2f62\"},\"breadcrumb\":{\"@id\":\"https:\/\/mylegaladvocate.com\/how-to-file-bankruptcy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mylegaladvocate.com\/how-to-file-bankruptcy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mylegaladvocate.com\/how-to-file-bankruptcy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mylegaladvocate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How To File Bankruptcy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mylegaladvocate.com\/#website\",\"url\":\"https:\/\/mylegaladvocate.com\/\",\"name\":\"Lake Worth, Wellington, Palm Beach County, FL | Marecki Law Firm\",\"description\":\"Marecki Law Firm | Lake Worth, Wellington, Palm Beach County, FL\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mylegaladvocate.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/mylegaladvocate.com\/#\/schema\/person\/07392ee023aef485e827a154a23d2f62\",\"name\":\"ealberto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mylegaladvocate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b2d69f289d704f4529394e24a06505f1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b2d69f289d704f4529394e24a06505f1?s=96&d=mm&r=g\",\"caption\":\"ealberto\"},\"url\":\"https:\/\/mylegaladvocate.com\/author\/ealberto\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How To File Bankruptcy - Lake Worth, Wellington, Palm Beach County, FL | Marecki Law Firm","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mylegaladvocate.com\/how-to-file-bankruptcy\/","og_locale":"en_US","og_type":"article","og_title":"How To File Bankruptcy - Lake Worth, Wellington, Palm Beach County, FL | Marecki Law Firm","og_description":"US law allows courts to declare individuals and businesses bankrupt, allowing them to settle debts without full payment. 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