Bankruptcy Lawyer | 10 Ways to Decide if Bankruptcy is Right for you Bankruptcy Lawyer . To file or not to file? It's not an easy decision to make, especially when you are already emotionally overwhelmed with financial stress. But here are 10 things to consider when deciding if bankruptcy is right for you. And [...]
Bankruptcy Attorney | What Happens to My Property? Bankruptcy Attorney . One of the leading questions in the bankruptcy process is, what happens to my property in bankruptcy? In most cases, property is protected in bankruptcy unless a borrower has significant assets that are not covered under bankruptcy exemptions. Regardless of where a debtor lives, [...]
Bankruptcy Calculator | The Bankruptcy Means Test Bankruptcy Calculator . The bankruptcy calculator "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 [...]
Bankruptcy Lawyer | "Lien Stripping" Still Available? Bankruptcy Lawyer .Just as filing for Chapter 13 stops auto repossession, it can also protect your home from foreclosure. Your Chapter 13 debt repayment plan should enable you to catch up on your mortgage payments within 36 to 60 months AS WELL AS POTENTIALLY ELIMINATING ANY SECOND AND [...]
Bankruptcy Lawyer | Save Your Home with Chapter 13 Bankruptcy Lawyer . The filing of a chapter 13 bankruptcy case puts a stop to most foreclosure actions and gives a homeowner the opportunity to pursue a mortgage modification under the Bankruptcy Court's Mortgage Modification Mediation program ("MMM") . In addition, often second mortgages are avoidable [...]
Bankruptcy Attorney | The Difference between Chapter 7 and Chapter 13 Bankruptcy Attorney . When it comes to filing for Chapter 7 vs. Chapter 13 bankruptcy individuals might have a hard time understanding which one provides the best solution for their financial situation. Here's a simple breakdown of each type, and what advantages they could give you [...]
Chapter 13 Bankruptcy | Surrendering Home? Chapter 13 Bankruptcy . It used to be that people filed for Chapter 13 bankruptcy because they wanted to prevent their home from being foreclosed on. It gave them ample time to correct any outstanding arrears on their mortgage. However, more individuals are actually making the decision to let [...]
Bankruptcy | Are There Tax Consequences After Filing Bankruptcy? It's important to weigh bankruptcy advantages and consequences, yet many forget to look at bankruptcy and tax consequences. If you do not file before receiving the form, that debt is considered for taxable income unless there is an exclusion or exception applied to the debt. Chapter 7 Bankruptcy [...]
Bankruptcy | How Does Divorce Affect Bankruptcy? Life isn’t always easy, but the hard times do help us appreciate the good times that much more. If you find yourself in a tough situation where you are contemplating both divorce and bankruptcy, knowing how they affect each other is important. Typically, divorce takes a backseat to [...]
Chapter 13 Bankruptcy|11 THINGS TO KNOW ABOUT CHAPTER 13 AND HOW ITChapter 13 Bankruptcy |11 THINGS TO KNOW ABOUT CHAPTER 13 AND HOW IT WORKSStopping a foreclosure – even after the sale date. Paying past due mortgage or car loan payments over time even when the lender will not work with you. Keeping assets you [...]