When a debtor files Chapter 7 bankruptcy,
the debtor completes a Statement of Intention. The Statement of
Intention is a form that lets the cour...
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The debtor who hires an attorney to help him/her in a Chapter 7
bankruptcy case needs to understand that the attorney is dependent on
the debtor p...
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The attorneys’ fees for Chapter 7 debtors may include work for:
1. Negotiate with secured creditor
2. File a motion to set the value and redeem se...
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In case you will be declaring Chapter 7 (liquidation) bankruptcy but
would like to preserve your vehicle or residence, reaffirming your debt
may b...
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The main concept of bankruptcy is to change your financial hardships
into a new beginning, and in a lot of ways, Chapter 7 (also referred to
as liqu...
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If you have retirement funds bankruptcy can or cannot be the right move for you to make. In many cases, retirement funds are protected under the ban...
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Filing bankruptcy in California for an individual can provide debt
relief whether a Chapter 7 or a Chapter 13 bankruptcy is filed. Chapter
13 bankru...
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While debt settlement companies stress avoiding bankruptcy, Chapter 7 bankruptcy law offers the best debt relief outcome by eliminating all unsecu...
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Chapter 7 bankruptcy, or “liquidation bankruptcy” is the most commonly
used form across the United States. The frequency of this form and all
ot...
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The main aim of a bankruptcy filed under Chapter 7 of the bankruptcy
code is to eliminate, or discharge, your existing debts. As a trade
off for g...
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At the time of a Chapter 7 bankruptcy filing in California, the
property of the debtor is divided into exempt and non-exempt
categories. Property an...
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In Chapter 7 bankruptcy, the most common motions filed by
a debtor are a motion to dismiss a case or a motion to convert a case to
Chapter 13 bankru...
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If you are faced with overwhelming debt but are over the often
misinterpreted means test, you may still qualify for a Chapter 7. To
understand how, ...
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Bankruptcy is a process for giving debtors a fresh start
while paying their creditors as much as reasonably possible. In a
Chapter 7
bankruptc...
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A typical Chapter 7
case is opened and closed within three to six months, and the person
filing
emerges debt-free except for a mortgage, car payme...
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Selling a home when a person is in chapter 7 bankruptcy is not much different than if it were a regular home sale, the seller must find a buyer. O...
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A key test to qualify for a Chapter 7 Bankruptcy is the “means test.” Basically, a person or couple who want a Chapter 7 Bankruptcy needs to pas...
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In the process of Chapter 7 bankruptcy, the liquidation process entails both debts and outstanding assets. However, there are basic bankruptcy exemp...
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If you have no income due to a job loss, a health condition
that has left you unable to work, or divorce, you may have no ability to pay
off you...
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If you find yourself overwhelmed by debts, with no ability to repay
them, you may want to consider filing Chapter 7 bankruptcy. A Chapter
7 discha...
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In order to file for Chapter 13 or
Chapter 7 bankruptcy in the United States, individuals must take the means
test. This means test clause, wh...
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A common misconception about filing for Chapter 7 Bankruptcy is that
you will lose everything and have to start completely from scratch.
When you fi...
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So you’ve considered your options, and decided that the only solution to you financial situation is obtaining chapter 7 bankruptcy protection. What ...
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Bankruptcy is
often the last resort for individuals who are drowning in debt. It offers a chance for people to slowly pay
off their debt, or elimi...
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Bankruptcy is no respecter of persons. Unexpected medical bills, maxed out credit cards with massive interest, adjustable rate mortgages, or a myriad ...
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If you are severely
in debt and believe you are unable to repay your creditors, you may be thinking
about filing for bankruptcy. Consulting with a q...
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Alimony and Bankruptcy
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One of the most common requests we receive in email
is from consumers wanting to know the difference between Chapter 7,
Chapter 13 and Chapter 11 ba...
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Filing for bankruptcy is a life-altering decision that requires careful
consideration and weighing of options. Gone is the stigma of filing for
bank...
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