After Bankruptcy

How To Prepare For Your Bankruptcy?

Call: 888-297-6203 When an individual find themselves swimming in debt, it is then that they realize that bankruptcy is the only available option.  There is a list of do's and don'ts that you need to follow if you are planning to file for bankruptcy. 1) Don'ts If you think you might file for bankruptcy, never incur a new debt before filing. It might get difficult to discharge a debt that you might incur just before filing. Filing bankruptcy before a repossession or a foreclosure is a better option. Failing to do so might result in permanent loss of [...]

2023-05-31T13:38:52+00:00
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The Commonly Asked Questions (FAQ) Regarding Chapters 7, 13 And 11

Call: 888-297-6203 The most commonly asked questions related to bankruptcy include – Can anyone file for bankruptcy? – yes, anyone except a business entity can file for bankruptcy. What are the prerequisites for hiring an attorney – the most important factor is his specialization. The attorney must have expertise in bankruptcy law. What do you mean by credit counseling? – credit counseling course is of utmost importance before filing for bankruptcy. If you do not attend the same, your case may get dismissed in the initial phase only. You can get the list of agencies providing the course [...]

2023-03-30T11:39:52+00:00
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Who All Are Eligible To File For Chapter 13 Bankruptcy?

Call: 888-297-6203 When you file for419 bankruptcy, it is important that you meet the criterion and requirements required to file under the chapter. When you file for bankruptcy under chapter 13, you do not have to surrender any property, instead, you will have to pay your existing debts under a repayment plan of 3-5 years. The criterion for filing under chapter 13 You are an individual and not a business entity. Only individuals are permitted to file for bankruptcy under chapter 13. You are not restricted to file due to your previous bankruptcy. If you have already filed [...]

2023-06-05T12:26:57+00:00
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How To Get A Good Start In Your Chapter 13 Bankruptcy Case

Call: 888-297-6203 Chapter 13 bankruptcy is also known as a reorganization bankruptcy. In a reorganization bankruptcy, you can keep all of your properties and repay some of the debt following a structured repayment plan showing how you are going to do so from your disposable income, typically over 3-5 years. Tips on getting a good start when filing for a chapter 13 reorganization bankruptcy case-   When is the right time to file (at the start of the month or end)?  The first three months are very crucial for the bankruptcy proceedings. Try filing for chapter 13 in the [...]

2023-04-21T12:20:09+00:00
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Chapter 13- Reorganization Bankruptcy

Call: 888-297-6203 Chapter 13 is also known as reorganization bankruptcy and unlike chapter 7 liquidation bankruptcy, here you don't have to sell off your non-exempt properties in return for debt relief.  In a reorganization bankruptcy, you can keep all of your properties and repay some of the debt following a structured repayment plan showing how you are going to do so from your disposable income. Eligibility To file for chapter 13 bankruptcy you will be required to show that you are capable of paying back your debt but if your income is too low or irregular then you [...]

2023-06-05T12:24:36+00:00
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What To Expect When Hiring A Bankruptcy Attorney?

Call: 888-297-6203 Filing for bankruptcy is a very complicated process and more complicated than that is finding an experienced attorney who can handle your case smoothly. You might already have an attorney handling your business or family matters, but for bankruptcy cases, it is important to hire an attorney who specializes in bankruptcy-related matters. Why is it important to hire an attorney? Though it is not a necessity to hire a lawyer for filing bankruptcy, but getting expert knowledge in a complicated matter never hurts. Though it is quite difficult to chalk out funds during a financial crisis [...]

2023-06-05T12:26:02+00:00
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Everything You Wanted To Know About Bankruptcy Debt Discharge

Call: 888-297-6203 Before filing for bankruptcy, it is important to learn a few things about it. Individuals filing for bankruptcy get a discharge order which removes their personal liability for certain debts. Once a debt is discharged, the creditor cannot indulge in collection actions for the same. However, if the debt is secured by a lien, the creditor can recover the property secured by it. Unfortunately, not all debts are discharged in bankruptcy. The discharge timing depends on the chapter of bankruptcy. Usually, in the case of chapter 7, the discharge is granted around 3-6 months of petition [...]

2023-06-27T06:06:46+00:00
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What Is Chapter 7 Debt Discharge?

Call: 888-297-6203 In chapters 7, 11, 12, and chapters 13 of the US bankruptcy code, some or all of your debts are discharged, that is you will not be liable to pay it back and the creditors you owe like the credit card company or hospitals will not be able to take collection actions against you. You are no longer liable for the debt as it is permanently discharged by the bankruptcy court. How does the court discharge your debt of not taking your money?  They give you debt relief in turn for your non-exempt properties. Chapter 7 [...]

2023-03-30T11:44:19+00:00
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Debts That Are Non-Dischargeable Even If You File For Bankruptcy Under Chapter 7

Call: 888-297-6203 Filing for bankruptcy does not mean that you will get rid of all (100%) of your debts. Though most of the debts are discharged, nonetheless, there are a few which remain even after you file for bankruptcy. Non-dischargeable debts under chapter 7 Student loans Federal, state, and local taxes Domestic support obligations Government-imposed restitution fines and liabilities Court fees Debts arising out of injury from drunken driving Non-dischargeable debts due to objection from Creditors Frauds Luxury goods purchased 3 months before filing for bankruptcy Cash advances taken within 3 months before filing Due to willful or [...]

2023-06-27T07:44:26+00:00
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Exempt And Non-Exempt Properties In Chapter 7 Bankruptcy Case

Call: 888-297-6203 People file for bankruptcy for getting protection against their creditors. And the federal law has made a bankruptcy code and Bankruptcy court to handle all the cases. When you apply for bankruptcy it is known that some of your assets will go under Bankruptcy estate that will be handled by a bankruptcy trustee appointed to your case. He or she will sell the bankruptcy estate and distribute the money from it to your creditors to settle your debts, the rest unpaid debts will be discharged thereafter. In chapter 7 liquidation Bankruptcy case all of your property [...]

2023-06-05T12:22:50+00:00
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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.