After Bankruptcy

Is It Possible To File For Bankruptcy Twice?

Call: 888-297-6203 If there is a proper time between two filings, a person can file for bankruptcy twice. They also need to see if the first case was discharged. A normal waiting period of 2 years is applied but it gets longer depending on the type of bankruptcy you filed first and the one you are planning to file now. The waiting period to file for a second time is affected by factors such as the result of the first bankruptcy (whether it was discharged or dismissed), the type of bankruptcy that was filed the first time, the [...]

2023-11-30T07:05:23+00:00
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All You Need To Know About Filing Bankruptcy Via Chapter 13

Call: 888-297-6203 Chapter 13 way of filing for bankruptcy can be one of the smoothest ways of minimizing debt, safeguarding assets, and starting a new chapter in your life. This kind of bankruptcy filing is suitable for filers who have a strong and reliable job, are looking to grow in their employment, and can sustain with same or higher pay scale for the next 5-10 years. The basic logic behind Chapter 13 is to restructure your debts and dilute them with a better repayment plan to ensure debt payoff looks more reasonable and easier. This helps in avoiding [...]

2023-06-05T13:39:16+00:00
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All That You Must Know About Bankruptcy Basics

Call: 888-297-6203 The Bankruptcy Code, enacted in 1978 and codified as Title 11 of the United States Code, is the uniform federal law that is empowered to govern all bankruptcy cases. This code has been amended several times. The Bankruptcy Rules govern all the procedures of the Bankruptcy process and are the same for all. In each judicial district of the country, there is a separate bankruptcy court. A state consists of one or more districts. And each bankruptcy court has its own clerk's office. The United States Bankruptcy Judge is the official decision-making power in the court. [...]

2023-06-27T05:59:18+00:00
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Let Us Know More About Bankruptcy Petition

Call: 888-297-6203 The first step when you file for bankruptcy is to complete the bankruptcy petition. The petition includes multiple forms that need details of all your debts, assets, incomes, and expenses. Once you file a petition the creditors are stopped from taking any more money from you. A petition can be filed for either Chapter 7 or chapter 13 bankruptcy. Chapter 13 will help you clear your debts where you can keep some of your assets, while chapter 7 will allow you to quickly clear your debts by selling your assets. It is advisable to talk to [...]

2023-06-05T12:59:19+00:00
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Let Us Know More Details About Bankruptcy

Call: 888-297-6203 Bankruptcy is a process wherein individuals, small businesses, and corporations are saved from their debts. Through a process of reorganization and restructuring, a certain portion of the debt is discharged and the rest is repaid at a lower rate. 1) Discharge Though most debts in bankruptcy can be discharged, certain debts are not dischargeable like taxes, penalties, child support, fines, student loans, and alimony payments. Discharging a debt helps the debtor to be protected from the harassment of the creditors. If a particular debt by a secured creditor is secured by a particular loan, they can [...]

2023-03-30T11:35:50+00:00
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Understanding The Basics Of Debt Collection And Bankruptcy

Call: 888-297-6203 Personal bankruptcy can be filed under chapter 7 (liquidation) or chapter 13 (repayment plan). All your non-exempt property is liquidated in the former, and unsecured nonpriority debts like credit card debt, medical bills, personal loans, etc., are discharged. In chapter 13, the debts are reorganized and paid through a 3-5 years repayment plan. The secured, priority, and unsecured non-priority creditors are paid in that order. The bankruptcy filing puts an automatic stay in place, which prevents any type of collection action by creditors. Car loans and mortgages are secured debts. The creditors can repossess the property [...]

2023-04-21T12:20:53+00:00
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Bankruptcy And Its Types

Call: 888-297-6203 The most common types of bankruptcy available for individuals and sole proprietorship businesses include: 1) Chapter 7 This is also known as straight bankruptcy. It will help you take away most of your unsecured debts including medical bills and credit card bills. The deficiency debt following the surrender of any collateral such as a house or car will also be wiped out through this chapter. However, it will do so by selling off your assets. If you want to keep any of your assets you have to make sure to exempt them beforehand. There are several [...]

2023-04-21T12:23:00+00:00
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What All Is There In Your Bankruptcy Estate?

Call: 888-297-6203 Let us know what all is included in our estate when we file for bankruptcy. 1) What is your Estate? All of your property and the property rights that you allow the bankruptcy court to administer are your estates. However, if you exempt a certain property that is not added to the value of your estate and the bankruptcy trustee will not be able to touch it. Everything you own that needs to be reviewed is included. In addition to that, in chapter 13 during your entire case, any property and income that you acquire are [...]

2023-06-05T12:29:47+00:00
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All You Need To Know When Filing For Bankruptcy Under Chapter 13 – The Frequently Asked Questions

Call: 888-297-6203 If you are falling behind on your payments majorly, bankruptcy is the best bet. Here you can catch up on your arrears and manage your debts in a structured manner. Given below are the commonly asked questions before foiling forb bankruptcy under chapter 13 – What is the procedure to file for chapter 13 bankruptcy? The first and foremost step while filing for bankruptcy is the credit counseling meeting. This must be taken within 180 days prior to filing for bankruptcy. Once you have the certificate, you can apply for bankruptcy, pay the fees and submit [...]

2023-04-21T12:17:27+00:00
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Why Should One File For Chapter 13 Instead Of Chapter 7?

Call: 888-297-6203 Sometimes repaying debt over time in a planned way is more beneficial than selling off your Assets and repaying debt. This comparison will help you understand better. Chapter 13 is more beneficial if you are under the following circumstances: 1) You don't qualify for Chapter 7 You have to undergo and pass means test to qualify for Chapter 7. Not everyone can. If a Debtor's income is high and exceeds the state's median income, and they have disposable income to repay debt, they might not qualify. 2) Debt repayment is your primary goal In a chapter [...]

2023-05-19T06:30:38+00:00
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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.