bankruptcy

Will You Have To Include Your Corporate Credit Card When Filing For Bankruptcy?

Call: 888-297-6203 One of the major reasons to file for bankruptcy is credit card debts and it is understandable if you don’t want your employer to know about it. It all depends on the type of account you have and the employer’s policies. Types of corporate credit card accounts- If it is for travel expenses or for buying supplies then it might be one of these An authorized user account An obligor account.  The type of account will help you to know whether or not you should keep using it and if you should list it on the [...]

2023-05-19T07:33:41+00:00
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Chapter 7 And Chapter 13

Call: 888-297-6203 When you plan to file for bankruptcy, there are two different types that you can file for. Though the result of both is the same, there are a lot of differences in both. Chapter 7 Filing for chapter 7 bankruptcy gives a permit to an individual to discharge their secured debts. Unsecured debts are mostly considered a consumer and household debts. Credit card debt, medical debt, auto loans, and mortgage debts are some debts that come into this category. Very limited debts are not covered under chapter 7 bankruptcy- Debts like student loans, child support, and [...]

2023-06-12T04:26:24+00:00
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How To Rebuild Your Credits After Bankruptcy

Call: 888-297-6203 The biggest doubt with people is, once I file for Bankruptcy, what after that? Will they ever have a good credit score again? Well, let me tell you, Yes. Though not immediately, with time, you can build your credit score again. 1) What is the importance of Credit? Clients who go through Chapter 7 Bankruptcy once, don't want to look at finance agreements or credit cards again. However, having good credit is always important. It is a skill one must keep working on. 2 years after completion of your Chapter 7 case, you will be eligible [...]

2023-03-30T10:09:48+00:00
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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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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.