bankruptcy attorney

5 Techniques To Restore Your Credit Score After Bankruptcy

Call: 888-297-6203 Did you know, you can easily increase your FICO score even after going bankrupt? In fact, you can even go ahead and purchase a house in 2-3 years. Here are 5 techniques to rebuild your credit score after filing for bankruptcy. Think about using a secured credit card  Several major banks provide customers with secured credit cards to build or rebuild credit scores. In this type of credit card, you are required to deposit the funds in your account equal to your desired credit limit. These funds will be held by the bank as security for your [...]

2023-03-30T10:17:47+00:00
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How Can You Redeem Your Secured Property Under Chapter 7 Bankruptcy?

Call: 888-297-6203 Redemption is paying back your creditor the actual value of the property in full. This way you get to keep your property without having to surrender it. You should go for redemption if you owe your creditor more loan than the actual value of the property. Explaining the court what you will do with the Collateral Property When you file for bankruptcy under chapter 7, you have to mention in your bankruptcy form your intent on dealing with your collateral property. Whenever you purchase an asset or property, the creditor takes a lien on your property, [...]

2023-04-19T11:13:37+00:00
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The Fate Of Liens In Chapter 7 Bankruptcy

Call: 888-297-6203 When individuals buy a property such as a house or a car, they usually take out a loan. The lender requires the borrower to agree that non-payment of the debt allows the creditor to take the purchased property and sell it to recover the outstanding loan balance. This ownership interest in a property is called a lien. Usually, the outstanding price of the property is less than what is owed. As a result, the borrower remains responsible for the outstanding balance, also known as a deficiency. This deficiency balance can be wiped out in a Chapter [...]

2023-04-19T10:28:20+00:00
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How Does Your Bankruptcy Case Initiate?

Call: 888-297-6203 People often end up owing money to credit card companies, medical providers, student loan holders, or any other creditor. If you are behind payments, the creditors might sue you to collect what you owe them. Usually, the creditor or collection agency might file a formal petition against you in court for non-payment of dues. The collection agency or their lawyer is required to serve you with a copy of the complaint along with a summon, which notifies you that you are being sued for non-payment of dues. The summon also notifies you when you are required [...]

2023-04-19T10:27:36+00:00
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All You Must Understand About Priority Debts Under Chapter 7

Call: 888-297-6203 Priority debts are always given first preference when repaying the debts. These include Employee Wages, domestic support obligations, child support etc. these must be paid off before the non-priority debts like medical bills and credit card balances.  Disbursement of the funds by the trustee The onus lies with the trustee to use your assets to pay off our debts. But most debtors who file for bankruptcy under chapter 7 have no assets which the trustee can sell off to pay the creditor. So, with whatever money that is available, the trustee will review the funds and [...]

2023-04-19T10:20:09+00:00
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What To Expect In A Creditor Lawsuits?

Call: 888-297-6203 When a creditor or collection agency sues you for non-payment of debts, you are served with a complaint and must respond to it. Once you respond to the suit, the process starts with discovery, settlement conferences, motions for summary judgment, and a trial. Creditor lawsuits can be divided into routine and non-routine cases. In the former case, you receive a notice for a trial and date from the plaintiff. Sometimes, you might be sent a notice of settlement conference before the trial date. Ensure that you attend the settlement conference or trial. in a non-routine debt [...]

2023-04-19T10:21:27+00:00
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Misconceptions That People Commonly Have About Bankruptcy

Call: 888-297-6203 Filing for bankruptcy is not easy, most importantly due to the commonly held fears that people hear and believe in. it is nothing to be embarrassed about or be scared of. Listed below are a few common misbelieve that people have- People Judge you – NO one has soo much time to sit and judge you, so you needn’t be embarrassed. The attorney and judge are busy doing their work and no is going to judge you on thoughts like you are filing to dodge debts or that you have bad financial skills. Bankruptcy can happen [...]

2023-04-19T10:18:30+00:00
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Qualifying For Chapter 7 Bankruptcy

Call: 888-297-6203 While Chapter 7 is the most common form of bankruptcy, qualifying for it is difficult. Here are the different ways through which you can qualify for this chapter: This bankruptcy chapter is meant for people with low household income than the state's average household income of the same size. For example, a person in Louisiana can qualify for Chapter 7 bankruptcy if their annual income is less than $47,488. The limit in Texas to qualify for Chapter 7 bankruptcy is having an annual income of $52,953. If your income exceeds the state average, the other way [...]

2023-04-19T10:23:28+00:00
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Is Bankruptcy Filing Possible After Moving To A New State?

Call: 888-297-6203 Filing for bankruptcy is possible after moving to a new state. However, the process is a bit complicated. To get rid of your financial debts, you need to file for bankruptcy in the proper court. Every court has a limited jurisdiction with respect to location. While the federal court can hear a bankruptcy case, if you move to a new place, the federal court jurisdiction does not exist. In this case, you might require the assistance of experienced bankruptcy lawyers. If you have moved to a new state, there are some restrictions while filing for bankruptcy. [...]

2023-04-19T10:01:45+00:00
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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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We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.