A Chapter 7 bankruptcy will not discharge student loan and most recent IRS debt. It is possible to wipe out all IRS obligations, but the rules are complicated and must be applied in a case-by-case basis. If you are considering filing for bankruptcy to wipe out IRS obligations, I suggest consulting with an experienced. bankruptcy … Continue reading “What debts can not be discharged by a chapter 7?”
There’s no law against applying for credit cards after a bankruptcy. However, you may have to apply for a secured card to rebuild your credit or for a card with a very low credit limit. If you are considering filing for bankruptcy, I suggest Consulting with an experienced bankruptcy attorney.
Are you struggling with piling debts? Do you want to start over? Do you plan to file bankruptcy and get the weight off your chest? Chapter 13 can be your way out of this stressful situation. Chapter 13 bankruptcy is a viable option for debtors who want to pay off their debts. If you have … Continue reading “What is the Maximum Income to Qualify for Chapter 13?”
The possibility of filing bankruptcy with no money seems bleak if you don’t know what you’re doing. You should know that the process of filing bankruptcy doesn’t always require you to have money to spare. Usually, people apply to bankruptcy courts to exempt themselves from the filing fee. Once they have been exempted, they can … Continue reading “How Can I File Bankruptcy with No Money?”
Individuals who are going to file for chapter 7 bankruptcy often ask if they can file it on their own. It can be quite tempting to file chapter 7 bankruptcy on your own, especially when you are in a financial crisis. You may be thinking why spend more money by hiring a personal bankruptcy lawyer … Continue reading “Why You Will Need a Personal Bankruptcy Lawyer”
If you have not been able to pay your debts for years or even months, then it is time you consider filing for bankruptcy. Individuals who are in debt and the ones who are experiencing financial crises often fail to realize that filing for bankruptcy may allow them to continue operating their business and keep … Continue reading “Why You Should Hire a Plantation Bankruptcy Lawyer”
It is relatively easy to qualify for a loan after a bankruptcy. However, if you have no down payment, expect the interest rate to be fairly high, if you’re able to put down a few thousand dollars, it lowers the default risk to the lender and will reduce the interest rate of the loan. If … Continue reading “Can I ever get a car loan again?”
You are eligible for an FHA after chapter 7 two years after the discharge. During those 2 years, you must have kept your credit clean and avoid taking on additional debt. If you are considering filing for bankruptcy, I suggest consulting with an experienced bankruptcy attorney.
A chapter 7 bankruptcy will remain on your credit for 10 years, however it is not 10 years of purgatory. I have many clients who are able to get their credit scores above 700 even with the bankruptcy on their credit report. You can qualify for a car loan immediately after the bankruptcy and for … Continue reading “How will this affect my credit?”
If you intentionally lie on your bankruptcy schedules or during a bankruptcy court hearing you are committing a federal offense and could be charged with a crime whose punishment includes jail time if you are considering filing for bankruptcy, I suggest consulting with an experienced bankruptcy attorney.