Chapter 13 Bankruptcy

What All Is There In Your Bankruptcy Estate?

Call: 888-297-6203 Let us know what all is included in our estate when we file for bankruptcy. 1) What is your Estate? All of your property and the property rights that you allow the bankruptcy court to administer are your estates. However, if you exempt a certain property that is not added to the value of your estate and the bankruptcy trustee will not be able to touch it. Everything you own that needs to be reviewed is included. In addition to that, in chapter 13 during your entire case, any property and income that you acquire are [...]

2023-06-05T12:29:47+00:00
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All You Need To Know When Filing For Bankruptcy Under Chapter 13 – The Frequently Asked Questions

Call: 888-297-6203 If you are falling behind on your payments majorly, bankruptcy is the best bet. Here you can catch up on your arrears and manage your debts in a structured manner. Given below are the commonly asked questions before foiling forb bankruptcy under chapter 13 – What is the procedure to file for chapter 13 bankruptcy? The first and foremost step while filing for bankruptcy is the credit counseling meeting. This must be taken within 180 days prior to filing for bankruptcy. Once you have the certificate, you can apply for bankruptcy, pay the fees and submit [...]

2023-04-21T12:17:27+00:00
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Why Should One File For Chapter 13 Instead Of Chapter 7?

Call: 888-297-6203 Sometimes repaying debt over time in a planned way is more beneficial than selling off your Assets and repaying debt. This comparison will help you understand better. Chapter 13 is more beneficial if you are under the following circumstances: 1) You don't qualify for Chapter 7 You have to undergo and pass means test to qualify for Chapter 7. Not everyone can. If a Debtor's income is high and exceeds the state's median income, and they have disposable income to repay debt, they might not qualify. 2) Debt repayment is your primary goal In a chapter [...]

2023-05-19T06:30:38+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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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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When Is A Bankruptcy Case Over?

Call: 888-297-6203 Bankruptcy is used to get rid of your debts. However, lawyers of Dallas based law firm say, bankruptcy does not end when you get your discharge. The case is not officially over till the court enters a final order for the same. Until the case is officially closed, you need to cooperate with the bankruptcy trustee to resolve the issues. What is the difference between entering the discharge and closing of the bankruptcy case? When a discharge is entered in the bankruptcy case, your personal liabilities for the debts included in your bankruptcy case are wiped [...]

2023-04-21T12:18:10+00:00
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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.