Chapter 13 Bankruptcy

Consumer Bankruptcy – All That You Need To Know!

Call: 888-297-6203 Bankruptcy is a legal action that helps a person or business to get a new secured financial future if he/she cannot pay his/her bills and loans. It has to be filed in federal court and by a bankruptcy attorney. The two types of bankruptcy under which one can file are discussed below in brief. Chapter 7 bankruptcy – It is also known as straight bankruptcy. Here, all your dischargeable debts are discharged against your non-exempt property. Exempt properties are those that are necessary to start a new life. Almost all your assets come under exempt properties [...]

2023-04-19T12:04:10+00:00
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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 [...]

2025-08-11T05:48:13+00:00
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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) [...]

2025-08-25T09:47:49+00:00
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The Affect Of Chapter 13 Bankruptcy On Your Car

Call: 888-297-6203 1) If Chapter 13 Bankruptcy is filed, can I keep my car, or do I have to give it off? When filing for Chapter 13 Bankruptcy, you can keep all of your assets, including the nonexempt ones. A repayment plan is a set-up, and money is paid to the Chapter 13 trustee. Also, none of your property is sold off to pay back the creditors. Through the repayment plan, even if you have nonexempt equity on your car, you will have to pay your creditors (especially unsecured ones) an amount equal to your non-exempt equity. 2) [...]

2025-08-13T05:43:49+00:00
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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 [...]

2025-08-25T11:16:12+00:00
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Is Bankruptcy An Option? Let Us Explore The Warning Signs To Know The Same

Call: 888-297-6203 Financial difficulty, mostly due to unemployment, health failures, or personal lacking leads to bankruptcy. Self-dependent people too fall into this well-laid Federal Law trap of having taken too much debt to repay. Recovery Law Group from Los Angeles & Dallas, TX is there for assistance. You can contact us at (888-297-6203) for details. How do you know if it is time to file for Bankruptcy? Let's see the common signs. 1) Never ending debt Be it paying monthly for your credit card, or having nothing to pay at all, bankruptcy is the solution for you. Either [...]

2025-08-13T05:41:40+00:00
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The Distinction Between Chapter 7 And Chapter 13 Bankruptcy

Call: 888-297-6203 Confronting the harsh reality of not being able to repay your debt which you took in sound mind is troublesome. Your only possible solution to this may be filing for bankruptcy. By contacting a bankruptcy attorney, you can understand your next step is to file under chapter 7 or chapter 13. How to go about chapter 7 bankruptcy? A chapter 7 bankruptcy goes on for about 6 months or less. In that time you are asked to settle as much as debt as possible and emit the rest. Here, you are asked to settle your debts [...]

2025-08-25T11:15:46+00:00
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All You Need To Know About Bankruptcy Automatic Stay

Call: 888-297-6203 Automatic Stay is a protection given by the court to the debtor from its creditors. When in debt, the debtors are usually harassed by continuous collection calls along with other collection techniques from the creditors. However, once a person applies to file for bankruptcy under Chapter 7 or Chapter 13, an automatic stay is put into effect immediately. So until the stay is in effect, the creditors cannot contact you for collection and they will be paid off as per the rules of the chapter that you have filed under. However, under certain circumstances, the creditor [...]

2025-08-13T04:55:00+00:00
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Why Hiring A Bankruptcy Lawyer Is Important?

Call: 888-297-6203 Individuals filing for bankruptcy can do so without an attorney. However, doing so is not always advisable. This is because Chapter 7 involves the liquidation of your assets. In contrast, chapter 13 involves a repayment plan to save your non-exempt property. Neither of these two is straightforward enough to be handled independently without any legal expertise. A bankruptcy attorney can recognize potential problems in your bankruptcy case. As a result, it is important to seek bankruptcy attorney's assistance. Here is what a bankruptcy attorney can help you with: While bankruptcy is an excellent way to get [...]

2025-08-13T05:09:46+00:00
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7 Steps That You Must Follow While Filing For Bankruptcy In Ohio

Call: 888-297-6203 This article will guide you on the basic 7 steps that will be included when you file for bankruptcy. It is in short an overview of the timeline that you will be following from the time you decide to file for bankruptcy. Step #1 – You must Hire an Understanding as well as an experienced attorney – This will most importantly help you in the process of filing for bankruptcy, as an experienced attorney knows how to go about things without wasting your time that too with precision. Step #2 – Keep all data handly and [...]

2025-08-13T04:48:35+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.