Debt Settlement

Steps On Choosing A Good Bankruptcy Attorney

Call: 888-297-6203 Filing for bankruptcy is not an easy decision for people to make. A good and experienced attorney can help to relieve you of the stress, as well as also guide you to make the correct decisions to resolve your debt the correct way. While hiring a bankruptcy lawyer, it is important that you consider the following points – Credentials and Associations – Bankruptcy is a very complex matter and a single wrong step might put you in a fix or even make you lose the case. Therefore it is important that when you hire an attorney, [...]

2023-04-19T10:07:59+00:00
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All You Need To Know About Wildcard Exemptions In Bankruptcy

Call: 888-297-6203 As per the wildcard exemptions, you are entitled to protect any 1 property or asset which can be excluding your house. A wildcard exemption is mainly used to protect a luxury asset or a product of sentimental value. For example your Grandmothers' Piano or your Childhood Childhood Cards. Bankruptcy Exemptions – An Overview on how they work Each state has its own set of exemptions. However, some states allow the citizens to choose between state or federal exemptions, but you can only choose from either one and not both. Each exemption protects a particular property or [...]

2023-03-22T08:20:54+00:00
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How To Deal With A Student Loan If You File For Bankruptcy

Call: 888-297-6203 A student loan is a debt that does not come off very easily. Until and unless you have valid justification and proof that paying your student loan is causing undue hardship on you, it is next to impossible to get rid of it.  Be it Chapter 7 or chapter 13, it is quite difficult to get exemptions from your student loan even if you file for bankruptcy. The exception under Under hardship The definition of undue hardship mostly depends from court to court. If you wish to get your Student loan waived off, you must prove [...]

2023-05-19T06:53:57+00:00
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Impact Of Employment Status On Bankruptcy

Call: 888-297-6203 Financial issues can arise with anyone, anytime. The federal bankruptcy law can help you provide financial relief through a bankruptcy filing. Individual bankruptcy filers have the option of choosing between Chapter 7 and Chapter 13. However, there are some differences in the way debts are handled in these two chapters. Workings of Chapter 7 bankruptcy Chapter 7 is known as liquidation bankruptcy primarily because the bankruptcy trustee liquidates your non-exempt property (that cannot be protected using exemption laws) to pay your unsecured creditors. This chapter is meant to help unemployed people or people with low-income to [...]

2023-04-19T10:05:03+00:00
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How Can You Get Rid Of Second Mortgages When You File For Bankruptcy Under Chapter 13?

Call: 888-297-6203 If your home value has gone down since you purchased it, you can still get rid of the second mortgage by filing for bankruptcy under chapter 13. Under chapter 13, by using the benefits of Lien Stripping, you can get rid of your second mortgage lien on our house. Understanding Lien Stripping Lien Stripping is a tool that can be used under chapter 13 bankruptcy, in situations where your mortgage value exceeds your House value. In such situations, with the jurisdiction of the court, the second and the third mortgage can be stripped off (removed) preventing [...]

2023-07-03T07:51:18+00:00
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How To Reaffirm Secured Debt In Chapter 7 Bankruptcy?

Call: 888-297-6203 While getting rid of your debts through bankruptcy, you might want to keep some loans. This happens when you wish to keep the associated property (car or home) with you. You need to reaffirm the loan for this to occur. This means that you agree to be responsible for the debt as you wish to keep the collateral associated with it. The reaffirmation agreement is a new contract submitted to the bankruptcy court. However, you need to be current on your debt for this to occur. Apart from this, you must be able to protect all [...]

2023-04-14T08:48:58+00:00
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If I File For Bankruptcy Under Chapter 7, Will I Lose My Home?

Call: 888-297-6203 There are fewer chances of you losing your home if you file for bankruptcy under chapter 7 if you do not have a lot of equity on your home. Below mentioned are certain factors, based on which it can be decided whether you can keep your home or not- You are paying your mortgage payments on time Probability of repaying the mortgage amount post-bankruptcy The percentage of equity that you can protect using homestead exemptions The value of equity in your home that you own. In case, you have not paid your dues on time, have [...]

2023-04-14T08:59:25+00:00
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Limitations Of Chapter 13 Bankruptcy Debt

Call: 888-297-6203 People with regular income who are struggling with their debt problems can take charge of their finances by filing for Chapter 13 bankruptcy. This allows them to use their disposable income to repay their debts over a 3- to 5 years repayment plan. At the end of their repayment plan, most individuals who satisfy the qualification criteria can wipe out their non-priority dischargeable debts such as medical bills, personal loans, credit card bills, etc. However, there are limitations to the amount of debt. The current debt limitations stand at $1,257,850 in secured debts and $419,275 of [...]

2023-03-30T13:28:50+00:00
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Want To Reapply For Bankruptcy Again?

Call: 888-297-6203 If you have already filed for bankruptcy once, it is possible to reapply for bankruptcy again. However, there are time limitations for getting rid of debts after you receive a discharge under either chapter 7 or 13 bankruptcy. Time Limitation to apply for Discharges There is no time limit for filing for bankruptcy a second time. However, if you do so within a very short period of time, you will not be eligible to get a discharge – forgiveness from a debt. Also filing for bankruptcy will end up being a waste of time and money. [...]

2023-04-19T09:36:42+00:00
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All That You Need To Know About Debts That Can Be Discharged Under Chapter 13 Bankruptcy

Call: 888-297-6203 Compared to Chapter 7, debts discharged under Chapter 13 are broader since they even wipe out nondischargeable debts of Chapter 7. Post the completion of the Repayment Plan, you will receive a discharge order which will clean off all balance of the qualifying debts. Debts that are covered under Chapter 13 The basic deciding factor for dischargeability of the debt is whether it is a Secured debt or an unsecured debt. Unsecured debts are further sub-divided into Priority  (These are not dischargeable and paid before the non-priority debts) and Non-priority Debts ( These are dischargeable and [...]

2023-04-19T09:39:46+00:00
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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.