Filing for bankruptcy

How To Deal With Bankruptcy During Retirement?

Call: 888-297-6203 Old age is defiantly a tough time. After living a luxurious life with regular earnings and expenditure, when you become dependent on social security as your bank balance life gets tough. Moreover, With the ever-increasing rise in tax rates and decreasing pension amounts, many senior citizens are finding themselves filing for bankruptcy. This is because the fixed source of income goes down whereas the health care expenses and tax amount go down, many find it difficult to create a balance between both. Let's find out the benefits or drawbacks that a senior might face if they [...]

2025-08-11T07:17:12+00:00
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Basics Of Chapter 13 Bankruptcy

Call: 888-297-6203 Also known as the wage earner’s plan, chapter 13 is ideal for people with a regular income. These debtors can repay their debts through a repayment plan where their creditors are paid through regular monthly installments over three to five years. The duration of the plan depends on the debtor’s current monthly income. If it is more than the state median, the plan is for five years, else it concludes in three years. There are several advantages of opting for chapter 13. Since it allows you to catch up on past due payments, you can prevent [...]

2025-08-08T07:12:07+00:00
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Are You Considering Bankruptcy?

Call: 888-297-6203 Debtors file for bankruptcy when they have excessive debt and want a fresh financial start, but whether filing is the best option for you, depends on many factors. Is bankruptcy the best choice? Bankruptcy filing impacts your credit report for a long time, so it's better if you try to solve your debts without filing for bankruptcy. Which chapter is better? Chapter 7 liquidation is best for those who can save their assets from liquidation by exemptions and have income low enough that they qualify for chapter 7 bankruptcy filing.  In contrast, chapter 13 bankruptcy, works [...]

2023-06-27T07:27:13+00:00
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All You Need To Know About The Chapter 7 Bankruptcy Procedure

Call: 888-297-6203 Chapter 7 bankruptcy procedure is a commonly used bankruptcy chapter amongst the US residents. As per stats, over 70% of bankruptcy is applied through Chapter 7. Even though it is popular and used in the majority of the United States, it is not necessarily the best option available for you. To make a wise decision about whether Chapter 7 is appropriate for your situation, we list below everything you need to know about the Chapter 7 bankruptcy procedure- What kind of debts are discharged? Most of the debts that do not have a backing or a [...]

2025-08-25T13:08:44+00:00
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Basics Of Chapter 7 Bankruptcy

Call: 888-297-6203 Bankruptcy filers often are confused regarding which bankruptcy chapter is the best. While chapter 7 offers to get rid of all possible debts without paying for anything, other options are available. Businesses (sole proprietorship, corporations, or partnerships) who wish to stay operational and avoid liquidation can file under bankruptcy Chapter 11. Sole proprietors also have the option of filing under chapter 13 bankruptcy. Chapter 13 bankruptcy allows individuals and sole proprietors to protect their property from foreclosure by catching up on past due payments through the repayment plan. You can also keep any non-exempt property if [...]

2025-08-25T12:25:54+00:00
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All That You Need To Know About Bankruptcy And Timeshare

Call: 888-297-6203 Timeshares are properties held commonly by multiple Individuals, each of who can use the property for a particular time in the year jointly. Common examples of timeshares are holiday homes or condominiums in a large resort. Whether you can protect your timeshare while you file for bankruptcy mostly depends on the state you file in as well as the bankruptcy chapter you file under. Depending on the worthiness of the timeshare you hold, you can either surrender or use exemption for the same. If you are looking to surrender it, you will need to continue paying [...]

2025-08-25T13:07:59+00:00
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Federal Rules Followed In A Bankruptcy Procedure

Call: 888-297-6203 When an individual files for bankruptcy, he gets the benefit to discharge most of his debts. Alternatively, if they file under chapter 7, they can discharge their debts by repaying the creditors equally by selling the assets. This way, if the full due value is not paid back also, at least the creditors get their dues equally. Under certain bankruptcy proceedings, the court asks the debtor to continue his business and generate revenue to pay off their debts. Alternatively, the debtor can completely free themselves of any debts by selling off their assets and using the [...]

2025-08-25T12:29:21+00:00
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All You Need To Know About Chapter 7 Bankruptcy Means Test

Call: 888-297-6203 When there is unmanageable debt and you don't see a secured financial future of yours then unwilling you have to file for Bankruptcy. Chapter 7 bankruptcy in most cases is the best aid to a debtor. Here almost all the debts are cleared but the court doesn't just let anyone file for chapter 7 liquidation bankruptcy. To separate those debtors who can repay some of their debts, the US bankruptcy code has a 'means test' to see who qualifies for chapter 7 bankruptcy and who doesn't. The means test compares the last 6 months of income [...]

2025-08-25T09:48:01+00:00
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All You Need To Know About Filing Bankruptcy Via Chapter 13

Call: 888-297-6203 Chapter 13 way of filing for bankruptcy can be one of the smoothest ways of minimizing debt, safeguarding assets, and starting a new chapter in your life. This kind of bankruptcy filing is suitable for filers who have a strong and reliable job, are looking to grow in their employment, and can sustain with same or higher pay scale for the next 5-10 years. The basic logic behind Chapter 13 is to restructure your debts and dilute them with a better repayment plan to ensure debt payoff looks more reasonable and easier. This helps in avoiding [...]

2025-08-25T13:09:03+00:00
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The Bankruptcy Code Of The United States

Call: 888-297-6203 Filing for bankruptcy helps the filer by either getting a discharge from most of their debts or by helping them devise a repayment plan to catch up with all the arrears. Bankruptcy can be filed by an individual, a couple, a business, or any such entity. All bankruptcy-related cases are handled by the federal courts, which they abide by, by following the US bankruptcy codes. The different types of bankruptcy include – Chapter 7 and chapter 13 – Individuals can file for bankruptcy under this chapter Chapter 9 – Municipalities like city, towns, schools, taxing districts [...]

2023-06-27T05:55:18+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.