bankruptcy lawyers

What All Is There In Your Bankruptcy Estate?

Call: 888-297-6203 Let us know what all is included in our estate when we file for bankruptcy. 1) What is your Estate? All of your property and the property rights that you allow the bankruptcy court to administer are your estates. However, if you exempt a certain property that is not added to the value of your estate and the bankruptcy trustee will not be able to touch it. Everything you own that needs to be reviewed is included. In addition to that, in chapter 13 during your entire case, any property and income that you acquire are [...]

2023-06-05T12:29:47+00:00
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All You Need To Know When Filing For Bankruptcy Under Chapter 13 – The Frequently Asked Questions

Call: 888-297-6203 If you are falling behind on your payments majorly, bankruptcy is the best bet. Here you can catch up on your arrears and manage your debts in a structured manner. Given below are the commonly asked questions before foiling forb bankruptcy under chapter 13 – What is the procedure to file for chapter 13 bankruptcy? The first and foremost step while filing for bankruptcy is the credit counseling meeting. This must be taken within 180 days prior to filing for bankruptcy. Once you have the certificate, you can apply for bankruptcy, pay the fees and submit [...]

2023-04-21T12:17:27+00:00
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Why Should One File For Chapter 13 Instead Of Chapter 7?

Call: 888-297-6203 Sometimes repaying debt over time in a planned way is more beneficial than selling off your Assets and repaying debt. This comparison will help you understand better. Chapter 13 is more beneficial if you are under the following circumstances: 1) You don't qualify for Chapter 7 You have to undergo and pass means test to qualify for Chapter 7. Not everyone can. If a Debtor's income is high and exceeds the state's median income, and they have disposable income to repay debt, they might not qualify. 2) Debt repayment is your primary goal In a chapter [...]

2023-05-19T06:30:38+00:00
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How To Prepare For Your Bankruptcy?

Call: 888-297-6203 When an individual find themselves swimming in debt, it is then that they realize that bankruptcy is the only available option.  There is a list of do's and don'ts that you need to follow if you are planning to file for bankruptcy. 1) Don'ts If you think you might file for bankruptcy, never incur a new debt before filing. It might get difficult to discharge a debt that you might incur just before filing. Filing bankruptcy before a repossession or a foreclosure is a better option. Failing to do so might result in permanent loss of [...]

2023-05-31T13:38:52+00:00
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Who All Are Eligible To File For Chapter 13 Bankruptcy?

Call: 888-297-6203 When you file for419 bankruptcy, it is important that you meet the criterion and requirements required to file under the chapter. When you file for bankruptcy under chapter 13, you do not have to surrender any property, instead, you will have to pay your existing debts under a repayment plan of 3-5 years. The criterion for filing under chapter 13 You are an individual and not a business entity. Only individuals are permitted to file for bankruptcy under chapter 13. You are not restricted to file due to your previous bankruptcy. If you have already filed [...]

2023-06-05T12:26:57+00:00
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Chapter 13- Reorganization Bankruptcy

Call: 888-297-6203 Chapter 13 is also known as reorganization bankruptcy and unlike chapter 7 liquidation bankruptcy, here you don't have to sell off your non-exempt properties in return for debt relief.  In a reorganization bankruptcy, you can keep all of your properties and repay some of the debt following a structured repayment plan showing how you are going to do so from your disposable income. Eligibility To file for chapter 13 bankruptcy you will be required to show that you are capable of paying back your debt but if your income is too low or irregular then you [...]

2023-06-05T12:24:36+00:00
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What To Expect When Hiring A Bankruptcy Attorney?

Call: 888-297-6203 Filing for bankruptcy is a very complicated process and more complicated than that is finding an experienced attorney who can handle your case smoothly. You might already have an attorney handling your business or family matters, but for bankruptcy cases, it is important to hire an attorney who specializes in bankruptcy-related matters. Why is it important to hire an attorney? Though it is not a necessity to hire a lawyer for filing bankruptcy, but getting expert knowledge in a complicated matter never hurts. Though it is quite difficult to chalk out funds during a financial crisis [...]

2023-06-05T12:26:02+00:00
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Exempt And Non-Exempt Properties In Chapter 7 Bankruptcy Case

Call: 888-297-6203 People file for bankruptcy for getting protection against their creditors. And the federal law has made a bankruptcy code and Bankruptcy court to handle all the cases. When you apply for bankruptcy it is known that some of your assets will go under Bankruptcy estate that will be handled by a bankruptcy trustee appointed to your case. He or she will sell the bankruptcy estate and distribute the money from it to your creditors to settle your debts, the rest unpaid debts will be discharged thereafter. In chapter 7 liquidation Bankruptcy case all of your property [...]

2023-06-05T12:22:50+00:00
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Pros And Cons Of Filing For Bankruptcy Under Chapter 7

Call: 888-297-6203 Well, filing for bankruptcy altogether is a very difficult decision to make. Even though it has many advantages, the biggest being freedom from all creditor's calls and notes, it also comes with a handful of disadvantages like a bad credit score. Not only does filing for bankruptcy affect your credit score, but it also somehow has a negative impact on your self-image, as well as your reputation. Nonetheless, all this can be improved over a period of time, since there is nothing better than getting rid of all your dues to pave a new road to [...]

2023-06-05T12:21:46+00:00
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Why You Must Opt For Chapter 7 Compared To Chapter 13 When Filing For Bankruptcy

Call: 888-297-6203 If given an option, most people prefer to file for bankruptcy under chapter 7 as compared to chapter 13. This is because, chapter 7 helps discharge most unsecured debts like medical bills, credit card bills as well as personal loans. Benefits of filing for bankruptcy under chapter 7 Also known as the liquidation bankruptcy, not everyone can qualify under this chapter. In order to qualify, you must pass the Means test (which is determined by calculating your income, which must be lower than the state median income). Moreover, even if you do qualify, to get your [...]

2023-05-30T13:27:50+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.