Kathleen Michon is an estate planning lawyer in the San Francisco Bay Area. She has been affiliated with Nolo in various capacities for more than fifteen years, including five years as Nolo’s in-house bankruptcy, foreclosure, and debt editor. Kathleen’s previous legal experience also includes directing Public Counsel's Consumer Rights Project and representing inmates on death row. Kathleen received a B.A. from Yale University and a law degree from Northwestern University School of Law.
Articles By Kathleen Michon
Filing Chapter 7 bankruptcy doesn't necessarily result in the loss of your home. Here's how it works.
Some debts cannot be discharged (cancelled) in bankruptcy. Learn about them here.
The automatic stay in bankruptcy requires most creditors to stop all collection efforts against the debtor.
Follow these tips to find quality bankruptcy attorneys in your area.
The steps in a typical Chapter 13 bankruptcy case include filing initial paperwork, drafting a repayment plan, and attending a 341 meeting of creditors. After completing the three- to five-year repayment plan, the court discharges (wipes out) qualifying debt balances.
Filing for Chapter 7 bankruptcy will stop most wage garnishments, but there are a few exceptions.
No-asset Chapter 7 bankruptcy cases are common and simple. In a no-asset Chapter 7 bankruptcy case, you keep your property and your creditors get nothing.
Debt from a home equity line of credit is discharged in bankruptcy, but the lender may foreclose depending on the circumstances.
Learn which creditors can garnish (take) your wages, how the process works, and more.