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Use Of Credit Card To Pay Bankruptcy Fees

Call: 888-297-6203 The bankruptcy process is for the needy, but it is not free of course. There is a different kinds of charges or bankruptcy costs that may include a filing fee, administrative fee, an attorney fee, and what not. It might seem extremely unfair to have a charge to file bankruptcy when one is completely broke and doesn’t have any money left. Hence, it is always essential to fill your car with fuel and not wait for the car to dry out without even a drop of fuel. That is the reason why experts suggest planning for [...]


How To Redeem Your Vehicle During A Chapter 7 Bankruptcy?

Call: 888-297-6203 Chapter 7 bankruptcy often makes many filers nervous especially when it comes to safeguarding their assets. The myth of all assets being liquidated by the bankruptcy trustee to help settle the score with lenders do happen, but it is limited to a very few cases. The most important asset that might be necessary to safeguard for a bankruptcy filer could be his/her primary car. To know more in-depth about bankruptcy log on to and learn everything about bankruptcy. How is your car loan structured? If your car is still in debt and you want to [...]


Bankruptcy Stats

Call: 888-297-6203 Bankruptcy is an interesting topic, and it is very intriguing to learn about some stats associated with bankruptcy. It can help in overcoming some misconceptions about bankruptcy and understanding many different aspects of it. To learn more about bankruptcy and terms related to it, look no further than Case stats of 2020 If you felt alienated or bad about filing for bankruptcy, there were close to 550k other people who filed for bankruptcy during the year 2020. These cases can be split based on the chapter used by the bankruptcy filers. The highest traffic was [...]


All About Bankruptcy Schedule D

Call: 888-297-6203 Bankruptcy just like any other legal or judicial procedure demands a lot of documents and forms. One such schedule is schedule D which is also known as Form 106D. This form is basically used by bankruptcy filers to indicate lenders who can claim an asset that is under the filer’s possession. The lenders in question here are the ones who have lent money for a collateral, which can be repossessed by the lender and should be listed on form 106D. Know more about other schedules and statements of bankruptcy at Secured and unsecured debt distinction [...]


Holiday Expenditure And Its Impact On Bankruptcy

Call: 888-297-6203 Bankruptcy does not mean a change in your normal routine life, even if it means a decent holiday somewhere to relax and celebrate a particular occasion. However, since the finances are associated with a holiday plan, it is essential to keep in mind a few rules before planning your holiday. These guidelines only apply for chapter 13 as one would be planning for holidays only during the chapter 13 bankruptcy procedure as it lasts for almost 5 years. This cannot be the case for chapter 7 as the whole process is for about just 6 months. [...]


Common Fears Regarding Bankruptcy

Call: 888-297-6203 Approaching or thinking about bankruptcy can create several doubts and fear in minds of an individual. Some of it might be valid and needs emphasis while some might be over-exaggerated and not worth putting in so much time or effort. While the fears if not validated create unnecessary stress and over-caution that could further complicate the situation. To ensure a much clearer and simpler approach to bankruptcy, we list down some of the common bankruptcy-related fears and their analysis. These can be listed as follows- 1. Fear of never being able to avail of a big-ticket [...]


When You Might Lose Bankruptcy Discharge Rights?

Call: 888-297-6203 Discharge forms an important aspect of bankruptcy. A bankruptcy without discharge practically makes so sense as it is not relieving the debtor from any of the debts and the same must be settled maybe with some alterations in the future. The benefit of starting with a clean slate is lost if the bankruptcy does not provide for any discharge. Ultimately a bankruptcy without discharge ends up just an attempt to buy time and stabilize the financial condition, which can be literally of no benefit. To know more about bankruptcy advantages and drawbacks, log on to [...]


Bankruptcy And The Related Stigma

Call: 888-297-6203 Stigma is a small word that has a big influence on many of us. There could be many aspects of bankruptcy that might trouble an individual and not let him/her opt for bankruptcy no matter how critical the situation gets. Some of the stigma associated with bankruptcy that you have in your mind might be true also, but it is important to identify some of the stigmas that are not so true and are overrated. This analysis helps in making a sound decision after analyzing the right facts. Enlighten yourself about bankruptcy and its related aspects [...]


Medical Bankruptcy And Its Steps

Call: 888-297-6203 Medical expenses or unpaid dues can be one of the most uncontrollable reasons to file for bankruptcy. It is unfortunate and very harsh to have to file a medical bankruptcy. If bankruptcy is due to financial mismanagement, it is something that can be fixed as it is something which controllable and something that is due to a mistake. However, medical bankruptcy isn’t the same thing. It for sure makes bankruptcy a good thing and helps an individual suffering from financial and health trauma-free. Know more about bankruptcy at Bankruptcy framework Not often cause of bankruptcy [...]


What Happens To Nonexempt Assets During Bankruptcy?

Call: 888-297-6203 Often during bankruptcy, a lot of assets are under the scanner. Especially, in chapter 7, one might end up with many assets. However, not all assets are lost. There are certain exemptions that are available to safeguard some of the necessary assets of the bankruptcy filer. These assets are known as exempt assets. These must be indicated in the bankruptcy form. The form can be amended later and the assets you wish to retain or claim an exemption can be indicated. This can be done before the creditor's meeting. Know more about bankruptcy procedures and other [...]

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