People file Chapter 7 bankruptcy to get a discharge of debts. At the end of the Chapter 7 you don’t owe the money anymore. Of course, not all debts are dischargeable. For instance: Also, creditors can file a complaint to except a debt from discharge. This is rare. A competent lawyer looks for problem areas and can […]
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Bankruptcy Chapter 7 VideoWe are offering to file chapter 7 bankruptcy for as low as $600, plus the filing fee. We can even do installment payments on our attorney’s fees if necessary. As far as chapter 13, for qualifying wage earners, we can file for a very low down payment. Sometimes Do You Find That What Keeps People From Even
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Bankruptcy VideoWhen it is obvious that finances are out of control good people wait. They delay using our Bankruptcy laws. Why? WAITING CAN AND WILL HURT YOU There is a term for the time one needs to file and when on actual files. It is called a “sweat box”. When in the “sweat box” period: People
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Bankruptcy VideoThe answer is “Yes.” But the real question is whether a Chapter 7 is in my best interest? The main questions are: The above is very simplified but covers 90% or more of individuals looking to get out of debt. It is always wise to consult with a lawyer who has experience in Consumer Bankruptcy.
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Bankruptcy Chapter 7 VideoDo your debts include IRS back taxes? If you do nothing, the interest and penalties will continue to pile up. The IRS may even file liens against your assets or prosecute you for tax evasion. Contrary to what most people think, some federal income tax arrears can be discharged in a Chapter 7 or Chapter
A chapter 7 bankruptcy is a filing with the U.S. bankruptcy court to obtain a discharge of listed debts. In other words, at the end of the bankruptcy, the debts listed you will not be owed money anymore. It’s oversimplification because there are debts that are not discharged and there are debts you wish to
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Bankruptcy Chapter 7 VideoLAST RESORT Banks, credit card companies, and finance companies insist that Bankruptcy is the last resource. Why? From their point of view it makes sense: they will be able squeeze the last few dollars from people and small business with severe financial problems. When the Bankruptcy law was changed in 2005 banks said by people
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Bankruptcy VideoNot being able to pay your bills as they become due lowers your score dramatically to the lower 500s, sometimes the 400s. If it is multiplied with a lawsuit, a garnishment, repossession, multiple items with the credit bureau, your score goes down dramatically. If you get rid of all those debts, you start from scratch,
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Bankruptcy Credit Score VideoAfter the filing of the case the first motion usually filed is for a Cash Collateral Order. Generally there is property that will be used for the business that generates revenue. If the property has been used to secure a loan the creditor must be given Adequate Protection. For instance, if Accounts Receivables have been
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Bankruptcy Cash VideoA chapter 13 is a form of a repayment plan. Certain debts have to be paid 100%. Other debts like credit cards can generally be repaid at a fraction of the amount due, such as maybe just 10%. WHAT ARE THE REQUIREMENTS TO FILE FOR A CHAPTER 13 BANKRUPTCY? In addition to the requirements for
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Bankruptcy Chapter 13 Video