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?”
How Can I File Bankruptcy with No Money?
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?”
Why You Will Need a Personal Bankruptcy Lawyer
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”
Why You Should Hire a Plantation 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”
Will I lose my car?
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?”
Can I sell my house after a bankruptcy?
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.
What is the difference between a Chapter 7 and Chapter 13 Bankruptcy?
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?”