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?”
If you are making payments on a leased car or a financed car that does not have a large down payment it is likely that you can keep your car. Bankruptcy law allows you to reaffirm the debt if you want to keep the car or it may make financial sense if the car to … Continue reading “Will I lose my car?”
After your bankruptcy is discharged and your case is closed, there are no restrictions on the sale of your home and the creditors you discharged in your bankruptcy will not receive any of the net proceeds. If you are considering filing for bankruptcy, I suggest consulting with an experienced bankruptcy attorney.
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.
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.
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?”
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?”
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”