Bankruptcy

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. [...]

2025-08-25T12:46:28+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 [...]

2025-08-25T12:36:19+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 [...]

2025-08-25T12:39:58+00:00
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What Is The Right Time To File For Bankruptcy?

Call: 888-297-6203 Filing for bankruptcy gives you a second chance at life but you should not file at the first sign of financial distress because it has both long-term and short-term consequences. Before filing, you need to do these things- Stick to a budget Talk to your creditors and try making a payment plan. Go for credit counseling. Doing these things will give you a better perspective of your financial situation and help you make the decision better. What is bankruptcy? Bankruptcy is a process where you can get rid of some or all debts with the help [...]

2025-08-25T12:41:27+00:00
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Differences Between Chapter 7 And Chapter 13 Bankruptcy

Call: 888-297-6203 While going through financial problems, people often look up to bankruptcy filing as a means to get rid of their debt. However, consumers can file under Chapter 7 or Chapter 13 bankruptcy. There are differences in how the debts are treated in these two chapters. Moreover, the qualification criteria also differ for these chapters. As a result, it is important to understand the differences between these two chapters. Benefits of Chapter 7 bankruptcy This bankruptcy chapter is complete in 3-6 months compared to chapter 13, which takes around 3-5 years. Most of the dischargeable debts, including [...]

2025-08-25T12:32:35+00:00
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Can Taxes Owed To IRS Be Discharged In Chapter 7 Bankruptcy?

Call: 888-297-6203 Bankruptcy filing is a tough but necessary decision, especially if you struggle with a huge debt. Loss of a job, sudden medical expenses, or a messy divorce can lead to an unexpected monetary crunch. If you are facing difficulty in managing finances and have creditors hounding you, seeking consultation from a bankruptcy attorney is advised. One of the major concerns is whether taxes owed to IRS can be discharged on bankruptcy filing? For this, you need to fulfill certain conditions. The 3-year rule: As per Bankruptcy Code 507(a)(8)(A)(i), taxes become due on April 15 of the [...]

2023-06-27T07:28:49+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.