chapter 7 bankruptcy lawyers

What Is Chapter 7 Bankruptcy?

Call: 888-297-6203 Here you will get to know what chapter 7 bankruptcy is and what properties can be exempted and how you can get the maximum benefit. DISCLAIMER- This is not necessarily to be applied to your case, all depends on which state you are in and what is your financial conditions. To know more about your situation contact a good bankruptcy legal counsel. If you live in or near Los Angeles & Dallas, TX, contact Recovery law group-(888-297-6203). Chapter 7 bankruptcy?  Chapter 7 bankruptcy is also called straight bankruptcy, it has no repayment plan and usually, it [...]

2023-04-19T13:14:36+00:00
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Secrets About Bankruptcy That No One Tells You!

Call: 888-297-6203 Bankruptcy is not a bad shameful thing to do, it is done so that people who have huge debts are released from it and can have a secured financial future and enjoy it. Secret #1- you do not lose all your property if you file for bankruptcy. Under Illinois law, you are allowed to keep necessary things like home, car, and furniture to start your new fresh life but there is a limit to the value of things. It is exaggerated by the credit industry so the fear remains. Secret #2- You don’t have to be [...]

2023-04-19T11:52:43+00:00
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Can Parking Tickets Be Discharged In Chapter 7?

Call: 888-297-6203 Under chapter 7 some types of parking tickets can be discharged. These are the following – parking tickets; red light tickets; standing compliance; automated speed enforcement (cameras); and, automated traffic law enforcement (cameras). Parking tickets-  All tickets which are older than 3 years from the date of filing can be waived off under chapter 7 bankruptcy. If the tickets are lesser than 3 years, you will have to pay the original amount. Normally if the ticket is $50 then after the deadline it doubles into $100. So if you are filing for Chapter 7 bankruptcy, it goes back to [...]

2023-04-19T12:10:32+00:00
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Creditors Rights And Protection Of Judgement Debt In Bankruptcy

Call: 888-297-6203 For creditors who hold a large amount of disposable income, there is always a risk when they give money to individual debtors, that the debtor will pursue a chapter 7 bankruptcy to avoid the payment. 1) A creditor can convert a chapter 7 bankruptcy case to a Chapter 11 bankruptcy case by filing a motion The creditors have a power under section 706(b) that allows them to convert any case into chapter 11 whether the debtor's debts are of consumer or business nature. U der section 707 of the code, if a Debtor's debts are of [...]

2023-03-30T13:23:33+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 [...]

2023-04-19T11:31:29+00:00
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Duration Of Chapter 13 Bankruptcy

Call: 888-297-6203 Chapter 13 is a type of consumer bankruptcy available to individual filers. Unlike Chapter 7, which is completed within four to six months of filing, Chapter 13 lasts for three- to five years and involves repaying your loans. Chapter 13 is usually used by people who fail to qualify for Chapter 7 bankruptcy, i.e., they are unable to pass the Means Test. It is also preferred by people who are behind on their secured debts and want to keep the car or home. This can be done by repaying the arrearage owed to the creditors through [...]

2023-04-19T09:59:47+00:00
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What To Do If You Wish To Keep Your Car In Chapter 7 Bankruptcy?

Call: 888-297-6203 Chapter 7 bankruptcy allows you to keep important property, including a vehicle. However, if the vehicle is an expensive model, has a lot of equity in it, or you cannot afford to make the payments, you might end up losing it. While filing for bankruptcy, you are allowed to protect some amount of personal property, including equity in the vehicle, home, household appliances, etc., using various exemptions provided by the state or federal government. The motor vehicle exemption is specifically meant to protect cars in Chapter 7 bankruptcy. What happens if the equity in the vehicle [...]

2023-04-19T11:20:30+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 [...]

2023-04-19T09:58:38+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 [...]

2023-04-19T10:09:36+00:00
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Understanding Automatic Stay In Bankruptcy

Call: 888-297-6203 An injunction known as automatic stay is enforced when you file for bankruptcy. This prevents creditors from taking any sort of collection action against you. Usually, the automatic stay starts immediately after filing for a Chapter 7 bankruptcy petition. As a result of the automatic stay, lawsuit filing, telephone harassment, wage garnishment, etc., cannot occur. What does automatic stay help you with? The automatic stay prevents all sorts of collection lawsuits, creditor harassment, and collection actions. It remains in place till your chapter 7 bankruptcy case lasts. The automatic stay can temporarily or permanently stop the [...]

2023-04-19T10:03:06+00:00
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Anderson, IN 46016
310-997-0471
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PAID ATTORNEY ADVERTISEMENT: Wajda & Associates is a law firm. This website is an advertisement. It is not a lawyer referral service or prepaid legal services plan. Each of the lawyers on this site are either Managers, Members, Partners, Limited Partners or staff attorneys. An attorney responsible for the content of this Site is Nicholas Wajda, APC. licensed in California, Texas, and Indiana with offices at 309 W 11th Street Anderson, IN 46016. To see the attorney in your area who is responsible for this advertisement, please  Click here.  Prior results do not guarantee a similar outcome.
We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.