Debt Settlement

Things To Know About Chapter 7 Bankruptcy

Call: 888-297-6203 Chapter seven bankruptcy may seem very easy to some but very confusing to some too. These are some things you need to know about chapter 7 bankruptcy. 1) What is Chapter 7 Bankruptcy and how is it different from Chapter 13? A chapter 7 bankruptcy is nothing but a form to give a debtor and option to let go of all of their debts. It may include liquidation of their assets to pay them off. The major difference between the two is that: Chapter 13 sets a payment plan to pay the debts, while chapter 7 [...]

2023-04-19T13:32:25+00:00
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What Critical Deadlines Are There In The Chapter 13 Bankruptcy Case?

Call: 888-297-6203 Filing for bankruptcy is not easy but it is not hard as well. You will need to look out for some critical deadlines that should be considered in chapter 13. If you filed a bankruptcy case earlier than this one- If you got a discharge from the earlier case then these deadlines should pass before you apply for another one, (a) If you filed chapter 7 bankruptcy earlier, then 4 years should be passed from the date of filing this chapter 13 bankruptcy. (b) If you filed chapter 13 bankruptcy earlier, then 2 years should be [...]

2023-04-19T13:21:58+00:00
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Virginia Chapter 7 Bankruptcy

Call: 888-297-6203 A Virginia Chapter 7 Bankruptcy has a lot of moving parties. Knowing the different players and the common terminologies used can help in the process. 1) The Debtor The individual who files the petition in a Virginia Chapter 7 Bankruptcy is known as the Debtor. He is the person who seeks discharge of the debts owed to other individuals. A Debtor can be an individual or a business. A joint debtor, that is a Husband and Wife can also file together. 2) The Trustee In a Virginia Chapter 7 Bankruptcy, the person charged with the collection [...]

2023-03-30T10:11:58+00:00
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How To Purchase A Vehicle After Filing For Bankruptcy?

Call: 888-297-6203 When buying a car or any vehicle you should always be alert and make wise and smart moves. Especially after filing for bankruptcy. It is not the best time to buy a vehicle after filing for bankruptcy but it is not a bad thing to do as most of your previous debts would be cleared and you will have a fresh start. You can get a vehicle loan but at a much higher rate as your credit report shows that you are a higher credit risk. But before taking any loans, you will have to increase [...]

2023-04-19T12:27:42+00:00
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Does Bankruptcy Affect You Financially?

Call: 888-297-6203 In the situation of a financial crisis, bankruptcy may be the only door open for you for a debt-free life. But nothing comes only with benefits. Bankruptcy has both positive as well as negative consequences. Not only during the case, but even later, bankruptcy will affect your life financially. 1) Types of Bankruptcy Most people file for bankruptcy either under Chapter 7 or Chapter 13. In chapter 13, the debtor needs to file a plan as to how they schedule to repay monthly debts, or parts of it, from the income at present over 5 years. [...]

2023-05-19T07:01:14+00:00
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Are There Any Age Restrictions When It Comes To Filing For Bankruptcy?

Call: 888-297-6203 There is no age limit when it comes to filing for bankruptcy that is you can never be too young or too old for filing for bankruptcy, it is just your situations and your circumstances that will reveal whether bankruptcy is the best option or not. Legal view ? Legally all young adults and senior citizens can file for bankruptcy but it is not necessary that you should file, it all depends on your situation. It is also not necessary that the court will grant the bankrupt status or not. The most common chapters that one [...]

2023-04-19T13:30:14+00:00
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When Bankruptcy Is Filed, What Happens To Your Car?

Call: 888-297-6203 Before you file for bankruptcy, you need to find out if you will, or will not get to keep your car. This decision is dependent on several factors. 1) Is it possible that a Bankruptcy Trustee can sell my car? Yes, it is quite possible. When a chapter 7 Bankruptcy is filed, you are assigned a Bankruptcy Trustee, whose work is to see what all assets you hold, and how can he arrange them to make sure your creditors are paid. It may also include selling your car. 2) You can protect certain Assets (also your [...]

2023-03-30T10:16:41+00:00
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How To Go About Filing Under Chapter 7 And Chapter 13?

Call: 888-297-6203 If you are behind the bills and want to stop being harassed by your creditor, you can file for bankruptcy. You might have lost your job or had a sudden medical emergency and asking for help is not a shameful thing. You might think filing for bankruptcy is the end of the world for you but it is a new beginning for you that gives you a secured financial future. Chapter 7 bankruptcy? Chapter 7 bankruptcy is also called straight bankruptcy. It is mostly filed by the people who do not have a fixed income or [...]

2023-04-19T13:18:19+00:00
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How To Get A Home Loan After Bankruptcy?

Call: 888-297-6203 It is quite difficult for a person to take a home loan especially after filing for bankruptcy but it is not impossible, there are ways or rather steps you can follow and apply for home loans in no time. You have to re-build your credit rating- When you file for bankruptcy it affects your credit score and can stay up to ten years on your credit report, but this is not the end for taking a home loan. You can take home loans by rebuilding your credit scores. You can do that by taking a secured [...]

2023-04-19T12:22:20+00:00
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Your Business And Bankruptcy

Call: 888-297-6203 As an individual, you may face a lot of financial issues, and you may think of filing for bankruptcy. You may have a lot of credit card debt also. However, when we talk of business owners it becomes very stressful to cater to financial hardships. For business owners, after a certain time, the line between personal and business finances gets mixed. 1) Common Types of Bankruptcy There are three most common types of bankruptcy, chapter 7 Chapter 11, and chapter 13. Chapter 7 Bankruptcy can be used for both an individual and a business. In Chapter [...]

2023-03-30T11:53:16+00:00
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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.