By Glenn A. Brown, DMD, MBA on December 9, 2008
This is not always true. If you work hard and rebuild your credit and FICO score, you can qualify for a new loan in the future. Chapter 7 will be reflected on your credit report for 10 years.
Posted in Bankruptcy Myths | Tagged Bankruptcy Myths, Chapter 7 bankruptcy, filing for bankruptcy, philadelphia pennsylvania, wilmington delaware
By Glenn A. Brown, DMD, MBA on December 9, 2008
“My neighbor filed for Chapter 7 bankruptcy and was approved. I’m sure I will be approved, too.”
This statement is false. In order to qualify for Chapter 7 bankruptcy, every debtor must undergo a “means test.” The means test will compare your family’s median income to that of other families in your state. If your [...]
Posted in Bankruptcy Myths | Tagged Bankruptcy Myths, Chapter 7 bankruptcy, filing for bankruptcy, means test, philadelphia pennsylvania, wilmington delaware
By Glenn A. Brown, DMD, MBA on December 9, 2008
This statement is totally subjective. Chapter 7 bankruptcy is likely the most widely used of all bankruptcy options. With that said, this does not necessarily mean that Chapter 7 is the best option for you. Whether or not Chapter 7 is ideal for you depends, in large part, on your personal debt and assets. It [...]
Posted in Bankruptcy Myths | Tagged Bankruptcy Myths, Chapter 7 bankruptcy, filing for bankruptcy, philadelphia pennsylvania, wilmington delaware
By Glenn A. Brown, DMD, MBA on November 10, 2008
In today’s complex world of business, having an attorney look out for your company’s best interests could prove worthwhile. A lack of knowledge concerning business laws and policies may leave you and your company vulnerable to significant liabilities. Consulting with a business attorney can help you avoid potential legal problems, stay up to date [...]
Posted in Business Law | Tagged business attorney, business organization, corporation sole proprietorship, forming a limited liability company, limited liability company llc, partnership agreements, philadelphia pennsylvania, real world law, shareholders agreements, wilmington delaware