chapter 13 bankruptcy lawyers

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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How To Get A Good Start In Your Chapter 13 Bankruptcy Case

Call: 888-297-6203 Chapter 13 bankruptcy is also known as a reorganization bankruptcy. 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, typically over 3-5 years. Tips on getting a good start when filing for a chapter 13 reorganization bankruptcy case-   When is the right time to file (at the start of the month or end)?  The first three months are very crucial for the bankruptcy proceedings. Try filing for chapter 13 in the [...]

2023-04-21T12:20:09+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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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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A Brief Overview Of Bankruptcy

Call: 888-297-6203 History of Bankruptcy 101 – The initial bankruptcy law was initiated around the 1800s. multiple attempts were made to create and form a bankruptcy law that could encompass a uniform as well as a federal rule. However, after the Nelson Act, a basic platform for the bankruptcy code was set as commonly known and recognized today. This code has helped create multiple ways to help you get rid of bankruptcy. The Six Types of Bankruptcy – There are commonly 6 chapters that are recognized in Bankruptcy, where each has its specific purpose. Chapter 7 Chapter 13 [...]

2023-06-27T06:09:51+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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Chapter 13 Bankruptcy All That You Need To Know

Call: 888-297-6203 1) Difference between Chapter 7 and Chapter 13 Chapter 13 is a plan to repay your creditors it helps you make monthly installments and pay back your creditors within a 3 to 5 year time. While chapter 7 on the other hand is for debt elimination. Filing for chapter 13 can also get you rid of parking tickets and tollway violations. Also if you have too many assets, you cannot qualify for chapter 7. So filing for chapter 13 is the best option. 2) Cost and Documents Chapter 7 has a court fee of $310. Apart [...]

2023-05-19T07:25:56+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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Do You Have A Domestic Support Obligation? – This Is What You Need To Know

Call: 888-297-6203 Whether you file for bankruptcy under chapter 7 or 13, discharging a domestic support obligation is not possible. However, filing for bankruptcy can help you to reduce your overall debts which can ultimately help you pay off your support obligation. 1. How to manage your monthly support obligation while you file for bankruptcy – When you file for bankruptcy, all your payments (excluding a few) go on automatic stay – which is that the creditors cannot harass you anymore for payments until the court passes a judgment. However, the stay does not include a domestic support [...]

2023-04-21T12:02:14+00:00
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