How to Stop Wage Garnishment

How to stop wage garnishment

Wage garnishment is a procedure in which some of your earnings will be withheld to pay off your debt. Unpaid taxes, child support, back rent or property damage, consumer debts, and student loans are all debts that may trigger the court to garnish your wages.  However unfortunate, debt is not an unfamiliar situation for many […]

How do Gifts and Loans Affect Bankruptcy?

money received after filing chapter 7

Bankruptcy is not an option to be taken lightly, but it is a reality for many Americans and business owners. If you find yourself on the precipice of bankruptcy or have already started the process of filing for bankruptcy, you may be curious about how gifts and loans affect your bankruptcy case.  In a nutshell, […]

OakTree Law’s Legal Glossary

Whether on your own or with an attorney, bankruptcy can be challenging. Don’t let legalese get you down, OakTree’s Legal Glossary is here to clarify and dispell any questions you may have about the legal terms you may encounter during the legal process. A B C D E F G H I J K  L […]

How Bankruptcy and Divorce Affect Each Other

How to Handle Bankruptcy and Divorce

Bankruptcy and divorce are both extremely stressful situations. It is even more stressful when both occur at the same time; however, there are many barriers to pursuing both simultaneously. Financial struggles represent the second leading cause of divorce, behind infidelity (per a 2018 study by Ramsey Solutions), and nearly two-thirds of marriages start off in […]

What Are Preferential Payments in Bankruptcy?

Preferential Payments Bankruptcy

Debtors who file for bankruptcy typically don’t have enough money to pay back all their creditors. When someone pays one obligation back over another before filing for bankruptcy, it may be considered a preferential payment. Unfortunately, doing this can complicate your case as there are many rules put in place on this. Your trustee can […]