After Bankruptcy

Chapter 13 Bankruptcy All That You Need To Know

Call: 888-297-6203 1) Difference between Chapter 7 and Chapter 13 Chapter 13 is a plan to repay your creditors it helps you make monthly installments and pay back your creditors within a 3 to 5 year time. While chapter 7 on the other hand is for debt elimination. Filing for chapter 13 can also get you rid of parking tickets and tollway violations. Also if you have too many assets, you cannot qualify for chapter 7. So filing for chapter 13 is the best option. 2) Cost and Documents Chapter 7 has a court fee of $310. Apart [...]

2023-05-19T07:25:56+00:00
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Who Is A Bankruptcy Trustee?

Call: 888-297-6203 Whether it be a chapter 7 bankruptcy case or chapter 13 bankruptcy case, there will be a bankruptcy trustee appointed to your case, who will have various rules and obligations. He or she will oversee your entire case and help the court make a judgment. The bankruptcy estate and the bankruptcy trustee To understand what a bankruptcy trustee does, you will first have to know what bankruptcy estate is. It is created after a debtor files for bankruptcy and it consists of all the debtor’s non-exempt properties. It has its separate role in the case. A bankruptcy [...]

2023-06-15T06:48:03+00:00
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Personal Bankruptcy

Call: 888-297-6203 Let us know how declaring bankruptcy might solve your problems. Personal bankruptcy aims at providing individuals with a fresh financial start. Collection Activity is stopped by Personal Bankruptcy Once a Bankruptcy is filed, an automatic stay is an order that is issued by the court. This order prohibits creditors from contacting you, it can stop your house from being sold at an auction, or an employer from deducting your wages and so far. It will also stop all lawsuits at the moment. Even though it may be temporary, like in a situation where a lender asks [...]

2023-05-29T12:37:44+00:00
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Can Bankruptcy Affect Your Job Prospects?

Call: 888-297-6203 Filing for bankruptcy does give a new fresh start and gives immediate debt relief but it comes with a price. If you file for personal bankruptcy it does not affect your current job but in prospects, it might but by only a little specifically in the private sector. But stopping just because of the fear does not work, there are laws protecting you from discrimination, and giving you the opportunities like everybody else. Will your employer find out about your bankruptcy case?  According to the law, it is not necessary to inform your employer and in [...]

2023-05-29T13:24:26+00:00
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FAQs Of Chapter 7

Call: 888-297-6203 1) Chapter 7 Bankruptcy Chapter 7 bankruptcy is a legal process of eliminating your debts and obtaining a fresh start. Though most of the debts can be eliminated by chapter 7, there are some exceptions like student loans and certain taxes which cannot be eliminated. 2) Time is taken for Chapter 7 An average-case in Chapter 7 takes about 3 months from filing. The time taken to file for chapter 7 is normally 3 business days or it can be even lesser. It depends on how fast you submit your documents and complete your online credit [...]

2023-05-19T07:29:12+00:00
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Stripping Off Mortgage Lien In Chapter 13 Bankruptcy

Call: 888-297-6203 If you are struggling with debt, you often take out multiple mortgages on your home. However, if your home is underwater and you file for Chapter 13 bankruptcy, you can get rid of junior mortgages. This can be done by lien stripping. The primary mortgage is a secured debt, while all secondary and subsequent mortgages are treated as unsecured debt. When you file for chapter 13 bankruptcy, you must pay your debts through a repayment plan. The priority of debts is secured debts, unsecured priority debts (alimony, child support, unpaid taxes), followed by unsecured debts (credit [...]

2023-05-29T12:39:39+00:00
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The Basic Steps That You Need To Follow To File For Bankruptcy

Call: 888-297-6203 There is a general process for filing for bankruptcy. It includes – Gathering paperwork and bankruptcy form Filing for bankruptcy petition Meeting with your bankruptcy trustee Dischargeable debts are discharged. When filing there are 2 commonly filed chapters, chapter 7 and chapter 13. Step 1- an acknowledgment of all the consumer bankruptcy chapters that can be filed. If you need more time to repay your debt then you should go for chapter 13 and make a repayment plan. If you want all dischargeable debts to be discharged and give you a new life then you should [...]

2023-05-29T13:16:07+00:00
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How Can You File For Bankruptcy If You Are Unemployed?

Call: 888-297-6203 You can file for bankruptcy when you are unemployed, it is especially for people who lost their job and are looking for debt relief. Filing for chapter 7 and chapter 13 can help you get debt relief even if you are unemployed. Which chapter to choose for you all depends on your total debt, your income, and how you are going to repay if you file for chapter 13. When filing for Chapter 7 bankruptcy, you need to pass the means test, and if you qualify you can get all or some of the debts discharged. [...]

2023-05-29T13:22:47+00:00
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Is A Court Proceeding Required After Filing For Bankruptcy?

Call: 888-297-6203 A lot of people apply for bankruptcy just to get away from a stressful life. Be it the loss of a job, illness, divorce, or anything as such. The thought of going to court after all this stress becomes another tension. 1) Mostly Chapter 7 does not require going to court Chapter 7 helps free you from your financial tensions, and not add another pressure on you. It is mandatory to appear at the 341 meetings or the meeting of creditors. But in very rare cases does going to a courtroom take place if you apply [...]

2023-05-19T07:20:46+00:00
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Difference Between Chapter 7 And Chapter 13 Bankruptcy

Call: 888-297-6203 Depending on how much money you make, you'll either be qualified to have your debt wiped out in Chapter 7, or enter into a repayment plan in chapter 13. Both chapter 7 and chapter 13 will offer you solutions to get back on your financial front. Apart from having some similarities between both the chapters like state exemption allowing you to keep a certain amount of property, there are a lot of differences between the two chapters. Chapter 7 works if you don't make a lot of money at the end of the month, or if [...]

2023-05-29T12:42:44+00:00
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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.