Bankruptcy Attorney | Checklist of Documents Needed Bankruptcy Attorney . Bankruptcy is not a simple matter with minor consequences. Rather, it may involve complex dealings with bankruptcy court and creditors. It could also have a major impact on your daily life. Filing for bankruptcy can affect your credit and property. Naturally, this is a stressful [...]
Bankruptcy Lawyer | Who Can File Chapter 7 Bankruptcy Lawyer . Prior to October 17, 2005, it was largely up to a bankruptcy judge to decide whether a debtor met Chapter 7 requirements. Judges, therefore, could use substantial discretion when assessing the debtor's financial situation. As a result, under the old law, most filers chose to [...]
Chapter 7 Bankruptcy | How it Works Chapter 7 Bankruptcy . A chapter 7 case begins with the debtor filing a petition with the bankruptcy court . In addition to the petition, in a chapter 7 bankruptcy case the debtor must also file with the court: Schedules of assets and liabilities; A schedule of current income [...]
Bankruptcy Attorney | Avoiding Credit Repair Scams Bankruptcy Attorney . With over a million Americans filing for bankruptcy each year, and with household debt at record highs, consumers are reaching out to "credit counselors" and "credit repair" companies with increasing frequency. Although there has been a recent surge in the number of these organizations that are [...]
Bankruptcy Lawyer | How to Become Debt Free Bankruptcy Lawyer . Are the bills starting to pile up? Are debt collectors calling you nearly every day? Financial crises can happen to anyone, whether it is caused by illness; job loss; or simply living beyond one's means. Becoming debt-free may seem unattainable, but there are several options [...]
Bankruptcy Lawyer | Fair Debt Collection Act Bankruptcy Lawyer . The Fair Debt Collection Practices Act (FDCPA) was created for the sole purpose of protecting consumers from debt collector harassment by prohibiting certain debt collector behavior. It prohibits debt collectors employed by third party collection agencies from engaging in any form of debt collector harassment, but [...]
Bankruptcy Lawyer | What is a Trustee in Bankruptcy? Bankruptcy Lawyer . In practically every individual consumer bankruptcy case, regardless of whether it falls under Chapter 7 bankruptcy or Chapter 13 bankruptcy, there will be a bankruptcy trustee with various obligations and powers, depending on the case. The Bankruptcy Estate and Bankruptcy Trustee In order to [...]
Bankruptcy Calculator | How The Means Test Works Bankruptcy Calculator . The bankruptcy means test is an objective standard of weighing whether a debtor qualifies for bankruptcy under Chapter 7. Old bankruptcy law often made it relatively easy for filers to meet the criteria since bankruptcy courts used considerable discretion in determining eligibility. However, Congress passed [...]
Bankruptcy Lawyer | Is Bankruptcy a Good Idea For You? Bankruptcy Lawyer . Is Bankruptcy a Good Idea for You? There are many factors that should be taken into account when considering filing for bankruptcy. 1. Figure out what bankruptcy options you have. There are types of bankruptcy most commonly used by individual filers in the [...]
Bankruptcy Lawyer | How Chapter 13 Works Bankruptcy Lawyer . In Chapter 13 bankruptcy, you keep your property, but pay back all or a portion of your debts over a three to five-year period. This is unlike Chapter 7 bankruptcy, where most of your debts are cancelled but you may have to surrender some property to [...]