bankruptcy attorney

All You Need To Know About Chapter 7 Bankruptcy Rules

Call: 888-297-6203 When you file for bankruptcy, the common chapters under which you can file are chapter 7 and Chapter 13. Chapter 7, also known as liquidation bankruptcy, helps you to discharge and erase most of the debts, while chapter 13 which is also known as the repayment plan, helps to organize all your dents into a systematic repayment plan without selling off any assets. How to qualify for Chapter 7 Depending on the state that you reside in or file for bankruptcy, the rules for qualification may vary slightly. To qualify for Chapter 7 bankruptcy, your income [...]

2023-05-30T13:20:54+00:00
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Can You Get Rid Of Your Credit Card Dues If You File For Bankruptcy?

Call: 888-297-6203 Yes, in most cases, unsecured debts like credit card bills, medical bills, and personal loans are discharged when you file for bankruptcy under chapter 7. Not only are they discharged, but also, when you file for bankruptcy, you get an automatic stay, which prevents all creditors from making any collection attempts or harass you in any way. However, not all loans get discharged. Few loans like domestic support obligations and student loans must still be paid in full even after filing for bankruptcy. Processing all kinds of discharge takes about 2-6 months. Credit Card Management – [...]

2023-05-30T13:19:55+00:00
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All You Need To Know About Bankruptcy Courts In The United States

Call: 888-297-6203 When you file for bankruptcy, all matters will be passed through the bankruptcy court. Therefore it is important that you find out about your local bankruptcy court to make the process simplified. How to find your bankruptcy court? The best option is to consult your bankruptcy attorney to guide you to your local court. However, you can also check the bankruptcy court website, wherein they list all counties, districts, and states. So, you can look through the maps to identify your county and in turn your local bankruptcy court. To file for an appeal, you will [...]

2023-05-29T13:20:38+00:00
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Who Is A Bankruptcy Trustee?

Call: 888-297-6203 Whether it be a chapter 7 bankruptcy case or chapter 13 bankruptcy case, there will be a bankruptcy trustee appointed to your case, who will have various rules and obligations. He or she will oversee your entire case and help the court make a judgment. The bankruptcy estate and the bankruptcy trustee To understand what a bankruptcy trustee does, you will first have to know what bankruptcy estate is. It is created after a debtor files for bankruptcy and it consists of all the debtor’s non-exempt properties. It has its separate role in the case. A bankruptcy [...]

2023-06-15T06:48:03+00:00
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Stripping Off Mortgage Lien In Chapter 13 Bankruptcy

Call: 888-297-6203 If you are struggling with debt, you often take out multiple mortgages on your home. However, if your home is underwater and you file for Chapter 13 bankruptcy, you can get rid of junior mortgages. This can be done by lien stripping. The primary mortgage is a secured debt, while all secondary and subsequent mortgages are treated as unsecured debt. When you file for chapter 13 bankruptcy, you must pay your debts through a repayment plan. The priority of debts is secured debts, unsecured priority debts (alimony, child support, unpaid taxes), followed by unsecured debts (credit [...]

2023-05-29T12:39:39+00:00
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What Happens When Military Members File For Bankruptcy?

Call: 888-297-6203 Members of the military involved in active duty, protecting the homeland, or sent overseas, have special protections accorded to them in case of monetary problems and bankruptcy. The Servicemembers’ Civil Relief Act (SCRA) is a federal law designed to protect the rights of the servicemembers in case of civil actions, including a bankruptcy filing. What is SCRA? The SCRA is an act that allows servicemembers to focus their energies on the defense of the country while it takes care of any administrative proceedings which may cause them to lose focus. This is done by temporarily suspending [...]

2023-04-21T12:03:11+00:00
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Differences Between Chapter 7 And Chapter 13 Bankruptcy

Call: 888-297-6203 While going through financial problems, people often look up to bankruptcy filing as a means to get rid of their debt. However, consumers can file under Chapter 7 or Chapter 13 bankruptcy. There are differences in how the debts are treated in these two chapters. Moreover, the qualification criteria also differ for these chapters. As a result, it is important to understand the differences between these two chapters. Benefits of Chapter 7 bankruptcy This bankruptcy chapter is complete in 3-6 months compared to chapter 13, which takes around 3-5 years. Most of the dischargeable debts, including [...]

2023-05-19T07:12:56+00:00
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Understanding The Basics Of Chapter 13 Bankruptcy

Call: 888-297-6203 Filing for bankruptcy under Chapter 13 puts an automatic stay in place that prevents creditor actions, including wage garnishments, foreclosure, and repossession. Apart from this, the other benefits of this chapter include lowering payment for unsecured non-priority debts (credit card balance, medical bills, personal loans, etc.), catching up on past due payments, etc. While Chapter 7 can get you a discharge earlier and without paying anything to the creditors, qualifying for this chapter is easier said than done. If you fail the Means test, Chapter 13 is the best way to get rid of your debts. [...]

2023-05-29T12:27:31+00:00
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The Reality Of Bankruptcy

Call: 888-297-6203 Filing for bankruptcy is time taking process that will require a lot of hard work from your side too but it might be the best solution for you if you have a lot of debt and want to start a new fresh life. Some of the benefits of filing for bankruptcy are- It stops collection efforts or harassment of the creditors. It stops debt lawsuits from creditors. Stopping Wage garnishment (your creditor taking payments directly from your paycheck) Stops foreclosure if your property is not yet sold. It also stops repossessions of some property( in chapter [...]

2023-05-29T12:50:46+00:00
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Bankruptcy And Discrimination- What You Need To Know

Call: 888-297-6203 Federal law is clear on discrimination against people who are in debt whether it be government or private agencies. It is illegal for the government and private agencies to discriminate against people who- Was/is in debt Cannot pay the debt before or during a bankruptcy case. Got their debts discharged during the case. History in bankruptcy discrimination. The US constitution grants the federal government the power to set bankruptcy laws and it is uniform in all 50 states. Bankruptcy is a national matter, so any case can come up in the US supreme court as well. [...]

2023-05-29T13:21:46+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.