chapter 7 bankruptcy lawyers

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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The Basic Steps That You Need To Follow To File For Bankruptcy

Call: 888-297-6203 There is a general process for filing for bankruptcy. It includes – Gathering paperwork and bankruptcy form Filing for bankruptcy petition Meeting with your bankruptcy trustee Dischargeable debts are discharged. When filing there are 2 commonly filed chapters, chapter 7 and chapter 13. Step 1- an acknowledgment of all the consumer bankruptcy chapters that can be filed. If you need more time to repay your debt then you should go for chapter 13 and make a repayment plan. If you want all dischargeable debts to be discharged and give you a new life then you should [...]

2023-05-29T13:16:07+00:00
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Chapter 7 Bankruptcy Filing Process

Call: 888-297-6203 The complete process of filing for chapter 7 bankruptcy takes about 3 to 4 months. Before going forward, the first thing you need to do is determine whether chapter 7 is the right option for you. 1) Evaluate your debt You need to see the kind of debts you have. You need to see if your debts are dischargeable or non-dischargeable. In the case of non-dischargeable debts, chapter 7 is not the best option. 2) Probability of a property loss When applying in Chapter 7, there is a potential to lose property too. The trustee, to [...]

2023-05-19T07:22:38+00:00
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The Reality Of Bankruptcy

Call: 888-297-6203 Filing for bankruptcy is time taking process that will require a lot of hard work from your side too but it might be the best solution for you if you have a lot of debt and want to start a new fresh life. Some of the benefits of filing for bankruptcy are- It stops collection efforts or harassment of the creditors. It stops debt lawsuits from creditors. Stopping Wage garnishment (your creditor taking payments directly from your paycheck) Stops foreclosure if your property is not yet sold. It also stops repossessions of some property( in chapter [...]

2023-05-29T12:50:46+00:00
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What To Expect In Bankruptcy?

Call: 888-297-6203 1) Meeting an Attorney The most important step before filing bankruptcy is meeting with the right attorney who will help you with all of your problems and will give you the right choices. You can also contact Recovery Law Group from Los Angeles & Dallas, TX for the Same. Contact - (888-297-6203). 2) Deciding of the Chapter to file in Another important decision you need to make is deciding whether you need to file for chapter 7 or chapter 13. Both are good in their sense and have their advantages and disadvantages. Chapter 13 will give [...]

2023-06-05T12:01:49+00:00
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Can Chapter 7 Bankruptcy Erase Back Child Support?

Call: 888-297-6203 Getting rid of child support is not possible through chapter 7 bankruptcy. However, other debts can be discharged, leaving you enough cash to pay arrears for spousal or child support. Child support and alimony are priority debts that are not discharged when filing for bankruptcy. However, since most unsecured nonpriority debts such as credit card bills, personal loans, and medical debts are discharged in Chapter 7 bankruptcy, the cash you save might be sufficient to catch up on past due payments. If your credit score is bad, filing for bankruptcy sooner is recommended, as it helps [...]

2023-05-29T12:49:31+00:00
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Learn How One Can Proceed With A Bankruptcy Case?

Call: 888-297-6203 Bankruptcy comes with benefits and drawbacks. Benefits such as getting rid of the debts that you had, or keeping most of your assets that you might have lost in foreclosures. And one of the drawbacks is case filling will show in your credit report for up to 10 years. Common chapters of bankruptcy? Mostly, chapter 7 bankruptcy and chapter 13 bankruptcy are filled. In chapter 7 bankruptcy, you don’t have a repayment plan, all of your non-exempt properties are sold by your bankruptcy trustee and he/she will distribute it among your creditors. The assets which are [...]

2023-03-30T10:05:47+00:00
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What Do You Need To Pay For Filing A Chapter 7 Or 13 Bankruptcy?

Call: 888-297-6203 Though bankruptcy is meant to relieve you of financial problems, you need to pay a bankruptcy filing fee when you file for bankruptcy. This covers the cost associated with handling the case. However, if you have a low income, you can ask for a fee waiver. If you choose to amend your petition or convert your bankruptcy chapter, you might have to pay additional fees. Here is a look at the various fees you need to pay while filing for bankruptcy. Bankruptcy petition filing fees In your bankruptcy petition, you must inform about your income, assets, [...]

2023-03-30T11:51:51+00:00
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How To Go About Filing Under Chapter 7 And Chapter 13?

Call: 888-297-6203 If you are behind the bills and want to stop being harassed by your creditor, you can file for bankruptcy. You might have lost your job or had a sudden medical emergency and asking for help is not a shameful thing. You might think filing for bankruptcy is the end of the world for you but it is a new beginning for you that gives you a secured financial future. Chapter 7 bankruptcy? Chapter 7 bankruptcy is also called straight bankruptcy. It is mostly filed by the people who do not have a fixed income or [...]

2023-04-19T13:18:19+00:00
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Common Myths About Consumer Bankruptcy And Its Reality?

Call: 888-297-6203 To people, bankruptcy is a bad and shameful thing to do and should not be done but it is not true as most people have heard the common myths and have misunderstandings about bankruptcy which the creditors try to convince you because it will be their loss. Here are some common myths about bankruptcy- Bankruptcy is for people who don’t want to pay bills or have a huge amount of outstanding bills. It is not true, most of the creditors are inflexible and do not understand the debtor's situation, they want all their money immediately and [...]

2023-04-19T13:17:29+00:00
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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.