Bankruptcy

Duration Of Chapter 13 Bankruptcy

Call: 888-297-6203 Chapter 13 is a type of consumer bankruptcy available to individual filers. Unlike Chapter 7, which is completed within four to six months of filing, Chapter 13 lasts for three- to five years and involves repaying your loans. Chapter 13 is usually used by people who fail to qualify for Chapter 7 bankruptcy, i.e., they are unable to pass the Means Test. It is also preferred by people who are behind on their secured debts and want to keep the car or home. This can be done by repaying the arrearage owed to the creditors through [...]

2025-08-13T04:56:05+00:00
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What To Do If You Wish To Keep Your Car In Chapter 7 Bankruptcy?

Call: 888-297-6203 Chapter 7 bankruptcy allows you to keep important property, including a vehicle. However, if the vehicle is an expensive model, has a lot of equity in it, or you cannot afford to make the payments, you might end up losing it. While filing for bankruptcy, you are allowed to protect some amount of personal property, including equity in the vehicle, home, household appliances, etc., using various exemptions provided by the state or federal government. The motor vehicle exemption is specifically meant to protect cars in Chapter 7 bankruptcy. What happens if the equity in the vehicle [...]

2025-08-13T05:37:03+00:00
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All You Need To Know About Bankruptcy Automatic Stay

Call: 888-297-6203 Automatic Stay is a protection given by the court to the debtor from its creditors. When in debt, the debtors are usually harassed by continuous collection calls along with other collection techniques from the creditors. However, once a person applies to file for bankruptcy under Chapter 7 or Chapter 13, an automatic stay is put into effect immediately. So until the stay is in effect, the creditors cannot contact you for collection and they will be paid off as per the rules of the chapter that you have filed under. However, under certain circumstances, the creditor [...]

2025-08-13T04:55:00+00:00
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What All You Need To Know While Preparing For A Meeting With The Trustee?

Call: 888-297-6203 Trustee meeting is a very essential aspect when filing for bankruptcy. This meeting is also referred to as “341 Meeting” or “Meeting of Creditors”. What is a trustee meeting? The basic criterion of the trustee meeting is the oath-taking confirmation. Here, the trustee, under oath will first confirm your identity by verifying your Photo ID as well as your Social Security card. Post this, the trustee will require your first-hand confirmation to signing of the bankruptcy petition papers along with your signatures. This is done to prevent any kind of malpractice or deceptive act. The above [...]

2025-08-12T13:00:35+00:00
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Why Hiring A Bankruptcy Lawyer Is Important?

Call: 888-297-6203 Individuals filing for bankruptcy can do so without an attorney. However, doing so is not always advisable. This is because Chapter 7 involves the liquidation of your assets. In contrast, chapter 13 involves a repayment plan to save your non-exempt property. Neither of these two is straightforward enough to be handled independently without any legal expertise. A bankruptcy attorney can recognize potential problems in your bankruptcy case. As a result, it is important to seek bankruptcy attorney's assistance. Here is what a bankruptcy attorney can help you with: While bankruptcy is an excellent way to get [...]

2025-08-13T05:09:46+00:00
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Qualifying For Chapter 7 Bankruptcy

Call: 888-297-6203 While Chapter 7 is the most common form of bankruptcy, qualifying for it is difficult. Here are the different ways through which you can qualify for this chapter: This bankruptcy chapter is meant for people with low household income than the state's average household income of the same size. For example, a person in Louisiana can qualify for Chapter 7 bankruptcy if their annual income is less than $47,488. The limit in Texas to qualify for Chapter 7 bankruptcy is having an annual income of $52,953. If your income exceeds the state average, the other way [...]

2023-04-19T10:23:28+00:00
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What Can Bankruptcy Help You With?

Call: 888-297-6203 You can get rid of your financial problems by filing for bankruptcy. It can help you eliminate some debts while others survive bankruptcy filing and discharge. However, all your obligations cannot be removed through bankruptcy. For example, student loans, alimony, child support, and tax debts survive bankruptcy. Things you can expect from the bankruptcy Bankruptcy is meant to provide you with a fresh financial start. Irrespective of which chapter of bankruptcy you file (Chapter 7 or Chapter 13), there are some things that bankruptcy can help you with. These include: It stops collection activities and creditor [...]

2025-08-13T04:49:31+00:00
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Understanding Automatic Stay In Bankruptcy

Call: 888-297-6203 An injunction known as automatic stay is enforced when you file for bankruptcy. This prevents creditors from taking any sort of collection action against you. Usually, the automatic stay starts immediately after filing for a Chapter 7 bankruptcy petition. As a result of the automatic stay, lawsuit filing, telephone harassment, wage garnishment, etc., cannot occur. What does automatic stay help you with? The automatic stay prevents all sorts of collection lawsuits, creditor harassment, and collection actions. It remains in place till your chapter 7 bankruptcy case lasts. The automatic stay can temporarily or permanently stop the [...]

2025-08-13T04:59:25+00:00
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7 Steps That You Must Follow While Filing For Bankruptcy In Ohio

Call: 888-297-6203 This article will guide you on the basic 7 steps that will be included when you file for bankruptcy. It is in short an overview of the timeline that you will be following from the time you decide to file for bankruptcy. Step #1 – You must Hire an Understanding as well as an experienced attorney – This will most importantly help you in the process of filing for bankruptcy, as an experienced attorney knows how to go about things without wasting your time that too with precision. Step #2 – Keep all data handly and [...]

2025-08-13T04:48:35+00:00
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How Chapter 7 Can Help Small Business Owners

Call: 888-297-6203 A small business owner or a sole proprietor struggling with finances can get rid of their debts by filing for Chapter 7 bankruptcy. This chapter can help you close the business easily. However, it is not suitable for partnerships, LLC, or corporations as the business will not receive a debt discharge. Moreover, filing for bankruptcy can increase liabilities like lawsuits. You can understand more about bankruptcy by calling 888-297-6203 to consult with experienced bankruptcy lawyers in Los Angeles. Business debts and personal liabilities A personal guarantee makes you liable for any business debt if the business [...]

2025-08-13T05:27:42+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.