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Blog Posts in February, 2014

  • The Means Test

    Means Test and Bankruptcy Are you in debt and looking to file Bankruptcy? Well, first you must pass the test…the means test that is. In 2005, the United States Bankruptcy court made several changes to the law, the most noteworthy for this blog being the addition of a means test that is used to prevent wealthy debtors from filing a Chapter 7 Bankruptcy. This test was put into effect as a means to ...
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  • Two Reasons Why You Should Be In a Chapter 13 Bankruptcy

    Deciding to enter into bankruptcy is a painstaking process where you will want to carefully consider all your options. One important decision that will need to be made is choosing the type of bankruptcy, typically between either a Chapter 7 or Chapter 13. In this article, the bankruptcy attorneys at the Lam Law Firm go into the details of why a Chapter 13 Bankruptcy may be the best option for your ...
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  • Can I Keep My Car And Home When I File for Bankruptcy? Myrtle Beach Bankruptcy Attorneys Weigh In.

    Can I Keep My Car And Home When I File for Bankruptcy? This is probably one of the most pressing and common questions I get from folks that call or come in to consult with our Myrtle Beach bankruptcy attorneys. Whether you know bankruptcy is in the looming future or is something more eminent, it is definitely a legitimate concern that you should have. Bankruptcy comes with many negative ...
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  • Chapter 7 Bankruptcy- The Basic Steps from Beginning to End

    When you begin to consider bankruptcy as a possible solution, you will be faced with many decisions. One of those being, “is Chapter 7 bankruptcy right for me?” To best answer that question the Myrtle Beach bankruptcy attorneys at the Lam Law Firm have gone into detail about what a Chapter 7 bankruptcy is and how it may be the right decision for your unique situation. Who May File for Chapter 7 ...
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