Bankruptcy Lawyer | The Homestead Exemption Bankruptcy Lawyer . If you have equity in your home (meaning your home is worth more than what you owe on it), the homestead exemption may allow you to keep it if you file for Chapter 7 bankruptcy. The homestead exemption comes into play in Chapter 13 bankruptcy as [...]
Bankruptcy Attorney | Florida Exemptions Bankruptcy Attorney . In Florida, You Cannot Use the Federal Bankruptcy Exemptions Although the bankruptcy code has a list of federal bankruptcy exemptions, states decide whether their residents can use them or not. Florida, like many other states, does not allow residents to use the federal bankruptcy exemptions; it requires [...]
Bankruptcy Lawyer | What is Chapter 13 Bankruptcy? Bankruptcy Lawyer . Chapter 13 bankruptcy is also known as "wage earner" bankruptcy because, in order to file for Chapter 13, you must have a reliable source of income that you can use to repay some portion of your debt. Repayment When you file for Chapter 13 [...]
Bankruptcy Lawyer | What is Chapter 7 Bankruptcy? Bankruptcy Lawyer . Bankruptcy is a process in which consumers and businesses can eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. For the most part, bankruptcies can be divided into two types -- liquidation and reorganization. Chapter 7 bankruptcy comes under [...]
Bankruptcy Calculator | Chapter 7 Means Test Bankruptcy Calculator . The bankruptcy "means test" determines whether your income is low enough for you to file Chapter 7 bankruptcy. It's a formula designed to keep filers with higher incomes from filing for Chapter 7 bankruptcy. High-income filers who fail the means test may use Chapter 13 [...]
Bankruptcy Lawyer | Emergency Bankruptcy Filing Bankruptcy Lawyer . If you want to file for bankruptcy in a hurry to get an automatic stay, you can accomplish that (in most places) by filing Form 1—Voluntary Petition, the Mailing Matrix, and Form 21 (Statement of Social Security Number). This is often referred to as an emergency bankruptcy. [...]
Bankruptcy Attorney | Can An Immigrant File Bankruptcy? Bankruptcy Attorney . If you are an undocumented immigrant, you can still file for bankruptcy relief. But in most cases you will need to have a social security number or an Individual Taxpayer Identification Number (ITIN) before filing your case. In addition, because your bankruptcy filing is [...]
Bankruptcy Lawyer | Getting a Credit Card After Bankruptcy Bankruptcy Lawyer . Despite your recent bankruptcy, you will probably get many credit card offers in the mail or over the Internet. Most recent bankruptcy filers can get a credit card -- but interest rates and fees are likely to be very high. Bankruptcy and Your Credit [...]
Bankruptcy Attorney | Can You File If Unemployed? Bankruptcy Attorney . You don't have to be employed to file for bankruptcy. But being unemployed can affect the success of your bankruptcy if you file for Chapter 13. What is your total debt? There is no requirement that you have to be employed in order to [...]
Chapter 13 Bankruptcy | Tips for Surviving Bankruptcy Chapter 13 bankruptcy is a three to five-year proceeding that requires you to commit to a new way of thinking about and handling your finances. In Chapter 13 bankruptcy, you pay back debts in full or in part (depending on the type of debt and some other [...]