Chapter 13 Bankruptcy

Evaluating The Value Of Personal Property In Bankruptcy

Call: 888-297-6203 According to the lawyers of Los Angeles based law firm, while filing for bankruptcy you need to list all your personal property along with its current value. This is the price that anyone would pay for the property and depends on the condition and age of the property. Moreover, there can be questions from the trustee and creditors regarding the information provided.Thus, written documentation backing the evaluation supporting your claim of the property’s value is important. There are different methods to calculate the value of the property, here are some ways to calculate replacement value of [...]

2023-06-29T04:24:25+00:00
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Know More About Federal Non-Bankruptcy Exemptions

Call: 888-297-6203 Exemptions can help protect your property when you file for bankruptcy, say lawyers of Dallas based law firm. In the case of chapter 7, they determine what you can keep; while in chapter 13, they determine what you pay to the creditors through the repayment plan. Different states have different sets of exemptions that can be used by filers. Some states even allow bankruptcy filers the option of choosing between state and federal bankruptcy exemptions. In case you choose the state’s bankruptcy exemptions, you have the choice of getting another set of exemptions to protect additional [...]

2023-06-29T04:28:06+00:00
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Get To Know About Federal Bankruptcy Exemptions Here!

Call: 888-297-6203 When individuals file for bankruptcy, federal bankruptcy exemptions are available in certain states to protect the filer’s properties. Through these exemptions, you can protect some of your property including your home, car, certain other possessions like musical instruments, etc. in chapter 7 bankruptcy. In the case of chapter 13 bankruptcy, these exemptions determine what needs to be paid to creditors through the repayment plan. Every state has a set of exemptions that the bankruptcy filers can use, while 17 states allow debtors to choose between state and federal bankruptcy exemptions. These include Alaska, Arkansas, Connecticut, Columbia, [...]

2023-06-29T04:32:09+00:00
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While Filing For Bankruptcy Which Items Are Protected Through Exemptions?

Call: 888-297-6203 Exemptions form an important part of the bankruptcy proceedings as you can protect your property (home, car, pension, personal property, etc.) using them. Any non-exempt property you have can be taken by the trustee and sold to pay your unsecured creditors in chapter 7 bankruptcy. in case of chapter 13, you can even keep your non-exempt property if you pay your creditors an amount equal to the value of the non-exempt property. Before filing for bankruptcy, it is important to find out about the state exemptions, according to Dallas based law firm. Which bankruptcy exemption should [...]

2022-02-23T05:23:25+00:00
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Which Exemptions Are Allowed In Chapter 13 Bankruptcy?

Call: 888-297-6203 If you are worried about losing all your belonging when you file for bankruptcy, you are mistaken, say lawyers of Los Angeles based law firm. The state exemptions can help protect your exempt property. Unfortunately, the non-exempt property is liquidated in chapter 7 while you can keep it in chapter 13 if you can pay for them through your 3-5 years repayment plan. Importance of exemption in chapter 13 bankruptcy In chapter 13 bankruptcy you can even keep non-exempt property by paying for them through the court approved monthly repayment plan. Generally, the bankruptcy trustee oversees [...]

2023-04-11T10:23:27+00:00
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Calculations For Chapter 13 Monthly Payment Plan

Call: 888-297-6203 People filing for Chapter 13 bankruptcy need to propose a repayment plan which generally continues between 3-5 years depending on your debt and disposable income. You have to pay the specified amount to your bankruptcy trustee who in turn pays your creditors. According to lawyers of Dallas based law firm, some creditors are paid entirely, while others are paid only a part of what is owed to them. If you wish to know how to calculate your plan payments, here is how you can do that: Debts paid in full through a repayment plan You need [...]

2023-04-11T10:22:05+00:00
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Modifying Chapter 13 Repayment Plan

Call: 888-297-6203 As per lawyers of Los Angeles based law firm, your proposed repayment plan is the most important document in a chapter 13 bankruptcy case. It informs which creditors will be paid and the amount of your monthly payment plan. Unfortunately, a lot can happen between the duration of your 3-5-year repayment plan which can change it. However, you can modify the approved plan as per the changes in your situation. Circumstances that can lead to a modification of your existing chapter 13 repayment plan include job loss, reduction of income, increased expenses due to illness, or [...]

2023-04-11T10:19:48+00:00
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Repayment Plan In Chapter 13 Bankruptcy

Call: 888-297-6203 The most important thing in a chapter 13 bankruptcy is the repayment plan through which creditors are paid over a period of 3-5 years. In chapter 13 bankruptcy, your disposable income is used to pay your creditors. The plan informs how much debt you will be paying to your creditors, how you will do that and the duration of the plan. According to Los Angeles based law firm the plan must be affordable for debtor and approved by court. The plan must focus on priority debts which need to be paid in full and then concentrate on [...]

2022-02-16T06:52:28+00:00
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Can Personal Bankruptcy Lawyers In Kingman, Arizona Help You Get Rid Of Your Debts?

Call: 888-297-6203 The pressure of mounting debts and your inability to clear them can cause you to live in a constant state of tension. Mental pressure can manifest into physical health issues as well as constant fights within your home. Your peace of mind, happiness, and comfort of your family, as well as the future of your kids, can be in jeopardy if something is not done within time. You might even end up losing your home, car, or other property due to foreclosure or repossession. Since this is nothing short of a nightmare, you need to look [...]

2023-04-11T10:18:39+00:00
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Get Rid Of Your Debts By Hiring Personal Bankruptcy Lawyers In El Mirage, Arizona

Call: 888-297-6203 Having stress is expected if you are having constant quarrels with your spouse due to financial problems. The inability to pay your mortgage and other debts might result in loss of a home, car, or other property due to foreclosure or repossession. This can give you sleep deprived nights. To cope up with the stress of your liabilities you need the assistance of financial experts. Bankruptcy law firms in El Mirage, Arizona that specialize in debt consolidation and bankruptcy can come to your aid in this case. Researching local insolvency law firms is important Since you [...]

2023-04-11T10:15:59+00:00
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