Who Will Be Present at the Meeting of Creditors for Chapter 7?

26 November 2019
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Within 20 to 40 days of filing for Chapter 7 bankruptcy, you will receive notification about an upcoming hearing you must attend. This will likely be the only hearing you have to attend during your bankruptcy case, and it is called the meeting of creditors. This hearing is an important part of a Chapter 7 bankruptcy case, and you can expect the following people to be present at this meeting. Read More 

Automatic and Instantaneous Relief: The Chapter 7 Automatic Stay

9 May 2019
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When your bankruptcy attorney files your chapter 7 bankruptcy paperwork for you, multiple wonderful events occur at the same time. While you might be thinking that the main wonderful event is that deep sense of relief, you would only be partially correct. The automatic stay is a legal order that is included with the bundle of bankruptcy documents, and the effect it brings to certain actions by your creditors is chilling. Read More 

Ways Chapter 13 Bankruptcy May Help You That Chapter 7 Cannot

7 February 2019
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Even though Chapter 13 bankruptcy requires people to repay their debts through a repayment plan, it is often the more beneficial chapter of bankruptcy to choose. Chapter 13 offers perks that Chapter 7 does not offer, and here are some of the ways Chapter 13 bankruptcy could help you and your financial situation. Stop a Foreclosure The first thing that Chapter 13 can do that Chapter 7 cannot do is stop a foreclosure. Read More 

Do You Earn Too Much To Declare Bankruptcy?

24 December 2018
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When you declare bankruptcy, you are "declaring" that you are financially insolvent. Most people recognize the signs of financial problems when they experience it—being behind on bills, threats of foreclosure, lawsuits, and repossessions, being unable to afford the necessities of life because of credit card obligations, etc., all point to a bankruptcy declaration. Unfortunately, part of the bankruptcy declaration is the acknowledgment that you don't earn enough income to make things right. Read More 

Can Incarceration Debt Be Discharged In Bankruptcy?

12 November 2018
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According to the experts, it costs approximately $31,000 per year to house a prison inmate. To recover some or all of that money, some states have begun charging inmates for their room and board. Unfortunately, this often leads to many people leaving jails and prisons burdened with debt that makes near impossible to successfully reintegrate into society. Luckily, incarceration debt can be successfully discharged in bankruptcy. Here's what you need to know. Read More