Bankruptcy
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| How to Properly Prepare & File for Bankruptcy |
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Are you thinking about filing for bankruptcy? This process can seem daunting and overwhelming in the midst of an already stressful time. Here are the basic steps in the filing process:
1) Review Your Finances & Compare Against Monthly Expenses
It is important that you know how much you owe and who you ...
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| Chapter 7 & 13 Bankruptcy - The Difference |
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Sometimes you get into severe financial straits and have to rely on bankruptcy. When this unfortunate happenstance occurs, which form of bankruptcy do you choose? The two major forms of bankruptcy for consumers are Chapter 7 and Chapter 13. Each of these bankruptcy forms are designed to ease and remove ...
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What is an Automatic Stay?
An automatic stay is created when a person files for bankruptcy under either Chapter 7 or Chapter 13.
While it is in effect, creditors cannot:
Try to bring a claim against you
Try to enforce a ... Read More>>> |
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What is Exempt Property?
"The purpose of an exemption is to protect a debtor and his family against absolute want by allowing them, out of his property, some reasonable means of support and education and the maintenance of the ... Read More>>> |
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What is the Means Test?
Chapter 7 bankruptcy is the liquidation of your assets in return for having your debts pardoned. Chapter 13 bankruptcy lets you work with the court to find a way to pay off your debts. In order to prevent ... Read More>>> |
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Bankruptcy Filing - The Process
It is recommended that you consult with a Board-certified Bankruptcy Attorney that can guide you through the Bankruptcy process. It is important to note that every situation is different and the process ... Read More>>> |
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