bankruptcy Archives - Page 7 of 25

Removal And “Cramming Down“Of Liens In Bankruptcy
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Removal And “Cramming Down“Of Liens In Bankruptcy

After Bankruptcy, Bankruptcy, Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Debt Settlement

Removal And “Cramming Down“Of Liens In Bankruptcy

Call: 888-297-6203 Reduction of the amount of the lien to the market value is known as ‘cramming down’. Here, if the mortgage balance is larger than the property value then the mortgage balance will be reduced to the property value. It is done in chapter 11 on properties that do not come under the exempt property that is it should not be a primary residence. Mortgage, Home Equity Line of Credit, Homeowners’ Association, and judgment comes under liens that can be crammed down. You can remove fully unsecured liens in rental properties in chapter 11 and you can [...]

Team Flexsin2023-03-30T13:27:34+00:00

Is Filing A Chapter 13 Bankruptcy A Good Option To Stop A Tax Foreclosure?
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Is Filing A Chapter 13 Bankruptcy A Good Option To Stop A Tax Foreclosure?

After Bankruptcy, Bankruptcy, Chapter 13 Bankruptcy, Debt Settlement

Is Filing A Chapter 13 Bankruptcy A Good Option To Stop A Tax Foreclosure?

Call: 888-297-6203 Sometimes our property taxes are due, and though we may not take it as a very big issue, they can put us and our family at risk of Foreclosure by the City's Tax Collector. Even though failing on your property taxes can be paid back later, if and so it happens, still, the State and Local Tax Authorities make the process very lengthy, complicated, and expensive. Though not a very big deal at times becomes a big one later on. So why fall into it? Know these, so that you don't face an issue later. 1) [...]

Team Flexsin2023-04-19T12:11:56+00:00

Is Bankruptcy An Option For A Student Loan?
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Is Bankruptcy An Option For A Student Loan?

After Bankruptcy, Bankruptcy, Credit and Bankruptcy, Debt Settlement

Is Bankruptcy An Option For A Student Loan?

Call: 888-297-6203 Though difficult to discharge student loans, showing that the payment of debt will make it difficult for you and your family will help a lot. There are bankruptcy options for people with student loans. 1) Bruner Test The most common test used by courts to evaluate whether a particular student is facing undue hardship is Bruner Test. Though in recent times, the courts are looking for other options, by far the most used measure is the Bruner Test. This test requires : a) The debtor to show that neither they nor their family can survive the [...]

Team Flexsin2023-04-19T11:53:45+00:00

Can Bankruptcy Help Retrieve A Judgment Creditor’s Funds Levied From My Bank Account?
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Can Bankruptcy Help Retrieve A Judgment Creditor’s Funds Levied From My Bank Account?

After Bankruptcy, Bankruptcy, Credit and Bankruptcy, Debt Settlement

Can Bankruptcy Help Retrieve A Judgment Creditor’s Funds Levied From My Bank Account?

Call: 888-297-6203 A judgment creditor can cause funds from your checking account to be levied. However, timely action can reverse this. Usually, people come to know of having their checking accounts seized when they receive a notice from the bank. If you wish to recover this, you need to know the process that had taken place. In most cases, bank levies occur only after the creditors have obtained judgment for the money owed to them. However, most of these judgments are obtained by default, usually based on false claims of sending summons and complaints. Unfortunately, the debtors have [...]

Team Flexsin2022-04-05T05:55:15+00:00

What Are Chapter 7 And Chapter 13? What Is The Difference?
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What Are Chapter 7 And Chapter 13? What Is The Difference?

After Bankruptcy, Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Settlement

What Are Chapter 7 And Chapter 13? What Is The Difference?

Call: 888-297-6203 In this article, you will know what kinds of debts can be discharged under each and who is eligible for chapter 7 and who is eligible for chapter 13. Chapter 7? Chapter 7 bankruptcy is also called “ straight bankruptcy”. Here all your dischargeable debts are discharged, you just have to keep a list of debts you owe to each company and the list of your assets. There are assets called exempt property which include home, car, and anything essential to start a new life but here also there is a limit to the value of [...]

Team Flexsin2022-04-05T07:34:11+00:00

Does The Co-Signer Have To Pay The Debt If You Cannot Pay For It?
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Does The Co-Signer Have To Pay The Debt If You Cannot Pay For It?

After Bankruptcy, Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy

Does The Co-Signer Have To Pay The Debt If You Cannot Pay For It?

Call: 888-297-6203 Usually, when you sign a loan, the lender requires a co-signer. This is to ensure that if you cannot pay the loan, the co-signer will pay it on your behalf. More often than not, it happens if you do not have a supporting credit history and the lender cannot rely on you to repay the debt. If you fail to make the payments, the lender has the freedom to go after the co-signer to recover the money owed to them. When you file for bankruptcy, the automatic stay prevents the creditors to collect money from you. [...]

Team Flexsin2023-04-19T11:33:59+00:00

Your Options When You Cannot Afford Your Car?
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Your Options When You Cannot Afford Your Car?

After Bankruptcy, Bankruptcy, Debt Settlement

Your Options When You Cannot Afford Your Car?

Call: 888-297-6203 The past couple of years have been difficult for almost everyone. For example, suppose you had bought a vehicle and unfortunately lost the job. In that case, there can be considerable doubt regarding your options. Therefore, if you wish to keep your car and you cannot keep up with your payments, you need to contact the lender immediately to find out if any payment forbearance program is available which allows you to forego some payments. Apart from this, you should also find out from your former employee whether any insurance on your behalf (paid by the [...]

Team Flexsin2023-04-19T11:36:03+00:00

At A Stage To File Bankruptcy? Well, Before You Do So, Know These 8 Things
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At A Stage To File Bankruptcy? Well, Before You Do So, Know These 8 Things

After Bankruptcy, Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Settlement

At A Stage To File Bankruptcy? Well, Before You Do So, Know These 8 Things

Call: 888-297-6203 1) Bankruptcy can be filed in 2 options Which one you choose, depends on a few things. A- For Chapter 7, you get to keep your house and car, if you can clear their dues, you get to walk away from most of the debt. B - For Chapter 13, depends on your income. If you have earned too much or filed for Chapter 7 in the last 8 years, this is what you need to do. Here, all your debts get paid off, but you don't have to pay the entire thing. Some creditors may [...]

Team Flexsin2023-04-19T11:31:29+00:00

COVID-19 AND BANKRUPTCY – The Co-Relation Between The Two
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COVID-19 AND BANKRUPTCY – The Co-Relation Between The Two

After Bankruptcy, Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy

COVID-19 AND BANKRUPTCY – The Co-Relation Between The Two

Call: 888-297-6203 During Covid there are job cuts and the whole world is facing sudden unemployment, amidst this period if your creditor harasses you or creates pressure on you to pay up, you will have to know your rights. Serious effects on our life because of the pandemic- Pandemic has had serious effects on a lot of people, especially those who are losing their job or their business is closed because there are no funding or people to buy their products. These people who have debts too are contently pressurized to pay the creditors or they try to [...]

Team Flexsin2023-04-19T11:15:18+00:00

Want To Go For Joint Bankruptcy Filing – Know These Facts!
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Want To Go For Joint Bankruptcy Filing – Know These Facts!

After Bankruptcy, Bankruptcy, Credit and Bankruptcy, Debt Settlement

Want To Go For Joint Bankruptcy Filing – Know These Facts!

Call: 888-297-6203 Before you plan to go for Joint Bankruptcy, know certain facts with their pros and cons so that it will help you decide whether it is a good option for you or not. 1) Want to know how Joint Bankruptcy works? As the name suggests, in a Joint Bankruptcy Filing, you and your spouse together have to file only one set of documents. These documents that you submit to the Bankruptcy Court should contain all the information and details about both your spouse and yourself, relating to Income, Expenses, Debt, and Assets. Filing for a Joint [...]

Team Flexsin2022-04-05T05:04:25+00:00

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Removal And “Cramming Down“Of Liens In Bankruptcy

Removal And “Cramming Down“Of Liens In Bankruptcy

Is Filing A Chapter 13 Bankruptcy A Good Option To Stop A Tax Foreclosure?

Is Filing A Chapter 13 Bankruptcy A Good Option To Stop A Tax Foreclosure?

Is Bankruptcy An Option For A Student Loan?

Is Bankruptcy An Option For A Student Loan?

Can Bankruptcy Help Retrieve A Judgment Creditor’s Funds Levied From My Bank Account?

Can Bankruptcy Help Retrieve A Judgment Creditor’s Funds Levied From My Bank Account?

What Are Chapter 7 And Chapter 13? What Is The Difference?

What Are Chapter 7 And Chapter 13? What Is The Difference?

Does The Co-Signer Have To Pay The Debt If You Cannot Pay For It?

Does The Co-Signer Have To Pay The Debt If You Cannot Pay For It?

Your Options When You Cannot Afford Your Car?

Your Options When You Cannot Afford Your Car?

At A Stage To File Bankruptcy? Well, Before You Do So, Know These 8 Things

At A Stage To File Bankruptcy? Well, Before You Do So, Know These 8 Things

COVID-19 AND BANKRUPTCY – The Co-Relation Between The Two

COVID-19 AND BANKRUPTCY – The Co-Relation Between The Two

Want To Go For Joint Bankruptcy Filing – Know These Facts!

Want To Go For Joint Bankruptcy Filing – Know These Facts!

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