Automobile Loans

Filing Chapter 7 or 13 bankruptcy results in an “automatic stay” that immediately stops repossession of the debtors vehicle. Under Chapter 7, the debtor has the following options: 1)  retain the vehicle, “reaffirm” the debt and keep making regular payments to the creditor; 2)  “redeem” the vehicle by making a lump sum payment to the creditor […]

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Mortgages

When a debtor reaffirms a debt, he is essentially excluding that debt from his bankruptcy proceeding on the debtor’s home. Filing Chapter 7 or 13 bankruptcy results in an “automatic stay” that immediately stops any foreclosure proceeding on the debtors home. Under Chapter 7, the debtor has the following options: 1)  retain the home, “reaffirm” the

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Negative Consequences

Federal bankruptcy laws were established by the United States Congress to provide individuals and organizations with a “fresh start” by allowing them to legally eliminate all or a portion of their debts and to start anew. Federal bankruptcy laws were designed to help those in financial distress—not to further burden or hinder them. Despite the

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Allowable Living Expenses

The following expenses are typically considered as “allowable living expenses” in a Chapter 7 or 13 bankruptcy proceeding if reasonable in amount: ● Rent or home mortgage payment (including lot rented for mobile home)● Electricity, natural gas, butane● Cable television● Internet service● Water and sewer● Telephone (including cellular phones)● Trash service● Home maintenance/repairs● Food● Clothing●

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Frequently Asked Questions About Bankruptcy

Frequently Asked Questions About Bankruptcy What is Bankruptcy?Bankruptcy is a federal program established to provide debt relief to persons and organizations suffering from financial difficulties. Different types of bankruptcy relief are available under various chapters of the United States Bankruptcy Code. The two primary forms of bankruptcy relief available for individuals are under Chapters 7

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Chapter 13

How Can We Help You  5/5 Google 5-star rating Your Information Is Safe With Us We Help You  5/5 Google 5-star rating  5/5 Google 5-star rating Your Information Is Safe With Us Information to get started What Is Chapter 13 Bankruptcy? Chapter 13 bankruptcy is a debt repayment plan that protects the

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Chapter 7

How Can We Help You  5/5 Google 5-star rating Your Information Is Safe With Us We Help You  5/5 Google 5-star rating  5/5 Google 5-star rating Your Information Is Safe With Us What Is Chapter 7 Bankruptcy? Chapter 7 is a liquidation proceeding in which the debtors non-exempt assets, if any, are

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