Transcripts A Chapter 7 bankruptcy is a liquidation bankruptcy. A Trustee can liquidate or sell your non-exempted assets. A Chapter 13 is a reorganization, it can help save your home from foreclosure. The payment to the court is based on your income, your expenses and your non-exempted assets.
What are Bankruptcy Exemptions?
Transcripts Exemptions are assets that are protected in a Chapter 7 bankruptcy. Exempt assets can’t be sold by the trustee for the benefit of your creditors.
Can I transfer assets to someone else before I file a bankruptcy?
Transcripts Transferring assets to friends or family members prior to the bankruptcy filing is a bad idea. The bankruptcy schedules require you to disclose all transfers, the bankruptcy trustee will ask about transfers, the court can undo any transfers that are deemed to be fraudulent and if the court or the trustee finds out about … Continue reading “Can I transfer assets to someone else before I file a bankruptcy?”
How will a bankruptcy affect my credit?
Transcript A Chapter 7 bankruptcy stays on your credit for ten years, a Chapter 13 stays on your credit for seven years. Notwithstanding the fact that the bankruptcy still remains on your credit you still may qualify for an automobile loan or low money down FHA mortgage even with the bankruptcy still on your … Continue reading “How will a bankruptcy affect my credit?”
It is a Good Time to File Your Case, as No Office or Court Appearances are Needed to Complete the Bankruptcy Process
We continue to staff our phones and office however face to face appointments are only made if absolutely necessary. Document review and signings are being conducted via Zoom or other video conferencing technology. Be assured, we can meet most of your needs by phone or video conference. Please contact us to make arrangements to drop … Continue reading “It is a Good Time to File Your Case, as No Office or Court Appearances are Needed to Complete the Bankruptcy Process”