Bankruptcy

pros and cons of filing bankruptcy advantages and disadvantages chapter 7

What are some potential positive outcomes of filing for bankruptcy?

Many debtors are surprised when they learn it is possible to actually have a higher credit score within one year after the completion of a Chapter 7 bankruptcy (than if they had not filed). Although bankruptcy case be perceived to be a negative reflection on your credit, it is not the only factor creditors use …

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does filing bankruptcy stop a lawsuit

What happens to a credit card lawsuit if I file bankruptcy?

You may be considering filing for bankruptcy if you were served with a credit card lawsuit. If so, you definitely want to know what happens to a credit card lawsuit if I file bankruptcy? The Automatic Stay Immediately after filing bankruptcy the Federal Automatic Stay is invoked (unless you aren’t eligible for it due to …

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Chapter 13

Chapter 13 bankruptcy is a debt repayment plan that protects the debtor from collection action during theplan and discharges (forgives) any unpaid balance of dischargeable debts at the end of the plan. Chapter 13is available to individuals that have regular income and have liquidated, unsecured debts not exceeding $336,900 and secured debts not exceeding $1,010,650. …

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