chapter 7 bankruptcy lawyers

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 [...]

2023-04-19T09:46:28+00:00
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Is Bankruptcy Filing Possible After Moving To A New State?

Call: 888-297-6203 Filing for bankruptcy is possible after moving to a new state. However, the process is a bit complicated. To get rid of your financial debts, you need to file for bankruptcy in the proper court. Every court has a limited jurisdiction with respect to location. While the federal court can hear a bankruptcy case, if you move to a new place, the federal court jurisdiction does not exist. In this case, you might require the assistance of experienced bankruptcy lawyers. If you have moved to a new state, there are some restrictions while filing for bankruptcy. [...]

2023-04-19T10:01:45+00:00
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Chapter 13 Bankruptcy Discharge Is Different

Call: 888-297-6203 To get rid of your debts, you can file for bankruptcy under Chapter 7 or chapter 13. Once your bankruptcy chapter is complete, you can get a discharge order from the bankruptcy court, eliminating the filer’s obligation to pay their debts. Chapter 7 requires you to pass the Means Test and have a low disposable income; otherwise, you can file for chapter 13 bankruptcy. In the latter case, you are required to pay your creditors through a 3- to 5-year repayment plan, using your disposable income. You can use bankruptcy exemptions to protect some amount of [...]

2023-04-19T09:53:36+00:00
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All You Need To Know About Wildcard Exemptions In Bankruptcy

Call: 888-297-6203 As per the wildcard exemptions, you are entitled to protect any 1 property or asset which can be excluding your house. A wildcard exemption is mainly used to protect a luxury asset or a product of sentimental value. For example your Grandmothers' Piano or your Childhood Childhood Cards. Bankruptcy Exemptions – An Overview on how they work Each state has its own set of exemptions. However, some states allow the citizens to choose between state or federal exemptions, but you can only choose from either one and not both. Each exemption protects a particular property or [...]

2023-03-22T08:20:54+00:00
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Impact Of Employment Status On Bankruptcy

Call: 888-297-6203 Financial issues can arise with anyone, anytime. The federal bankruptcy law can help you provide financial relief through a bankruptcy filing. Individual bankruptcy filers have the option of choosing between Chapter 7 and Chapter 13. However, there are some differences in the way debts are handled in these two chapters. Workings of Chapter 7 bankruptcy Chapter 7 is known as liquidation bankruptcy primarily because the bankruptcy trustee liquidates your non-exempt property (that cannot be protected using exemption laws) to pay your unsecured creditors. This chapter is meant to help unemployed people or people with low-income to [...]

2023-04-19T10:05:03+00:00
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How Can You Get Rid Of Second Mortgages When You File For Bankruptcy Under Chapter 13?

Call: 888-297-6203 If your home value has gone down since you purchased it, you can still get rid of the second mortgage by filing for bankruptcy under chapter 13. Under chapter 13, by using the benefits of Lien Stripping, you can get rid of your second mortgage lien on our house. Understanding Lien Stripping Lien Stripping is a tool that can be used under chapter 13 bankruptcy, in situations where your mortgage value exceeds your House value. In such situations, with the jurisdiction of the court, the second and the third mortgage can be stripped off (removed) preventing [...]

2023-07-03T07:51:18+00:00
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Filling Bankruptcy Forms

Call: 888-297-6203 If you are filing for bankruptcy, you need to understand that there is much official paperwork involved. However, everything is quite straightforward, and you can easily fill the forms with the instructions provided. Unfortunately, these forms do not explain what happens in your case. To know whether you will protect your property by discharging your debts, you need to talk with a bankruptcy lawyer. To know more about bankruptcy discharge in Los Angeles, call 888-297-6203. Filing the Bankruptcy Forms Different bankruptcy forms provide various kinds of information relevant to your bankruptcy case. These include: Information regarding [...]

2023-04-14T08:54:55+00:00
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Is Bankruptcy Filing Possible Even If I Can’t Leave The House Due To Coronavirus?

Call: 888-297-6203 Desperate times require desperate measures. Considering that the COVID-19 pandemic has made it difficult for people to step out, the rules for filing for bankruptcy have also been amended. Thanks to the temporarily changing of rules, many courts now allow bankruptcy lawyers to represent their quarantined clients. So, the primary step to getting a bankruptcy discharge is hiring an adequate bankruptcy lawyer. Since you cannot step out to look for one, you can ask your friends, neighbors, or family members for references. You can also find a lawyer using the online directory or through the State [...]

2022-03-22T06:09:20+00:00
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Effect Of Bankruptcy On Your Credit

Call: 888-297-6203 People contemplating bankruptcy filing are often worried about how it will affect their credit score. However, if your credit is already underwater, bankruptcy would not significantly affect it. In fact, it may help you improve it in the long run. People with good credit scores might see a huge drop in the same after filing for bankruptcy. Though the bankruptcy chapter does not make much difference in your credit score, some creditors might consider you a better credit risk if you filed for bankruptcy under chapter 13. This is because you repaid some of your debts [...]

2023-03-30T10:20:12+00:00
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Bankruptcy Filing In 2022

Call: 888-297-6203 The past two years have wreaked havoc on several lives, and it is no wonder that several people struggling with their finances consider filing for bankruptcy. However, before you contemplate that, you need to know the basics regarding the process. The federal law established the bankruptcy system to help people struggling with debts get a fresh financial start. Different states provide different bankruptcy exemptions which allow you to protect some equity in your home, car, retirement account, household furnishings, etc. However, luxury properties like boats, artwork, jewelry, rental property, stocks, and bonds are usually not exempted. [...]

2023-04-14T08:42:11+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.