Bankruptcy

Is Filing For Bankruptcy A Good Idea?

Call: 888-297-6203 People struggling with financial problems are often at their wit’s end and file for bankruptcy. While bankruptcy is an excellent way to get rid of your debts, it is important to weigh your options before filing for bankruptcy. There can be several situations when bankruptcy filing may not be of much help to you. Two of the most common bankruptcy chapters are chapter 7 (liquidation of assets) and chapter 13 (repaying debts through a 3-5 years repayment plan). Though both take different ways to reduce your financial burden, they affect your credit report and future lifestyle. [...]

2023-05-30T13:10:48+00:00
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All You Need To Know About Chapter 7 Bankruptcy Rules

Call: 888-297-6203 When you file for bankruptcy, the common chapters under which you can file are chapter 7 and Chapter 13. Chapter 7, also known as liquidation bankruptcy, helps you to discharge and erase most of the debts, while chapter 13 which is also known as the repayment plan, helps to organize all your dents into a systematic repayment plan without selling off any assets. How to qualify for Chapter 7 Depending on the state that you reside in or file for bankruptcy, the rules for qualification may vary slightly. To qualify for Chapter 7 bankruptcy, your income [...]

2025-08-25T12:51:49+00:00
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A Brief Overview Of Bankruptcy

Call: 888-297-6203 History of Bankruptcy 101 – The initial bankruptcy law was initiated around the 1800s. multiple attempts were made to create and form a bankruptcy law that could encompass a uniform as well as a federal rule. However, after the Nelson Act, a basic platform for the bankruptcy code was set as commonly known and recognized today. This code has helped create multiple ways to help you get rid of bankruptcy. The Six Types of Bankruptcy – There are commonly 6 chapters that are recognized in Bankruptcy, where each has its specific purpose. Chapter 7 Chapter 13 [...]

2023-06-27T06:09:51+00:00
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Can You Get Rid Of Your Credit Card Dues If You File For Bankruptcy?

Call: 888-297-6203 Yes, in most cases, unsecured debts like credit card bills, medical bills, and personal loans are discharged when you file for bankruptcy under chapter 7. Not only are they discharged, but also, when you file for bankruptcy, you get an automatic stay, which prevents all creditors from making any collection attempts or harass you in any way. However, not all loans get discharged. Few loans like domestic support obligations and student loans must still be paid in full even after filing for bankruptcy. Processing all kinds of discharge takes about 2-6 months. Credit Card Management – [...]

2025-08-25T12:51:22+00:00
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All You Need To Know About Bankruptcy Courts In The United States

Call: 888-297-6203 When you file for bankruptcy, all matters will be passed through the bankruptcy court. Therefore it is important that you find out about your local bankruptcy court to make the process simplified. How to find your bankruptcy court? The best option is to consult your bankruptcy attorney to guide you to your local court. However, you can also check the bankruptcy court website, wherein they list all counties, districts, and states. So, you can look through the maps to identify your county and in turn your local bankruptcy court. To file for an appeal, you will [...]

2025-08-25T12:42:08+00:00
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What Happens In Chapter 7 Bankruptcy?

Call: 888-297-6203 If you struggle with debt and find it difficult to keep your creditors off your back, filing for Chapter 7 bankruptcy is an excellent option. However, though you get rid of your debts, the bankruptcy chapter also results in you losing some of your property. The bankruptcy trustee can liquidate your non-exempt property to pay your unsecured creditors. The only silver lining to the process is that you will not lose all your property. This is primarily because bankruptcy is a way for people struggling with debts to get a new financial start. As a result, [...]

2025-08-25T12:40:18+00:00
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If You File For Bankruptcy, Will You Have To Undergo IRS Audit?

Call: 888-297-6203 Are you worried that if you file for bankruptcy under chapter 7 or chapter 13, due to your pending tax obligation, you might trigger an IRS Audit? Well, this article will give u all information that you need. The IRS Policy and its relation to the bankruptcy filing Well, until now millions of people have filed for bankruptcy, and it is practically not possible for the IRS to target and keep a tab on every single person who files.  Moreover, the IRS does not even have the financial resource or staff to audit all those who [...]

2025-08-25T12:49:58+00:00
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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 [...]

2025-08-25T12:37:14+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 [...]

2025-08-25T13:12:00+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 [...]

2025-08-25T12:39:31+00:00
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We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.