Bankruptcy Calculator | Business Debt Exception Bankruptcy Calculator . If you have primarily business debts, you don't have to pass the means test in order to qualify for Chapter 7 bankruptcy. The means test (bankruptcy calculator) determines whether your income is low enough to qualify for Chapter 7 bankruptcy. However, if most of your debts are [...]
Bankruptcy Lawyer | Chapter 7 Bankruptcy for Small Business Bankruptcy Lawyer . If you are a struggling small business owner, filing for Chapter 7 bankruptcy may help save your business or provide a simple way to liquidate it. A personal Chapter 7 bankruptcy can also help you get rid of your personal liability for company [...]
Bankruptcy Attorney | Is Chapter 7 Right Choice? Bankruptcy Attorney . Before you file for Chapter 7 bankruptcy, decide if it makes financial sense. You can determine if Chapter 7 is right for you by asking yourself the following questions: Are you judgment proof -- that is, are creditors legally barred from taking your property or [...]
Bankruptcy Lawyer | What is Bankruptcy Discharge? Bankruptcy Lawyer . The bankruptcy discharge is a court order that prohibits a creditor from collecting on the debts you list in your bankruptcy case. In other words, when the court enters the discharge, you no longer have any personal responsibility for the debt. The creditor cannot call, send [...]
Bankruptcy Lawyer | Top 7 Student Debt Questions Bankruptcy Lawyer . Not only are more and more college students graduating with student loan debt, they are owing more and more each year. Rising tuition costs coupled with graduate school means you could be entering the workforce with tens or even hundreds of thousands of dollars in [...]
Bankruptcy Attorney | Social Security Benefits Bankruptcy Attorney . You can keep your social security benefits if you file for Chapter 7 bankruptcy, regardless of where you live. This is because social security benefits are exempt property, which means they are protected in bankruptcy. It is a good idea to maintain your benefits in a separate [...]
Bankruptcy Attorney | Your Retirement Plan in Bankruptcy Bankruptcy Attorney .If you file for Chapter 7 bankruptcy or Chapter 13 bankruptcy, you get to keep your pension and retirement plan funds, with a few limitations. If you are considering bankruptcy, you should learn about these limits. Retirement Accounts Are Exempt Property Congress overhauled the bankruptcy [...]
Bankruptcy Lawyer | Inheritances in Chapter 7 Bankruptcy Lawyer . If you receive an inheritance within 180 days of your Chapter 7 bankruptcy filing, the trustee may be able to take it. What is your total debt? If you receive an inheritance after filing for Chapter 7 bankruptcy, the bankruptcy trustee may be able to [...]
Bankruptcy Attorney | Cash Advances Before Bankruptcy Bankruptcy Attorney . If you're having financial difficulties and you have available credit on your credit cards, it may be tempting to take out a cash advance to float your budget a little while longer. However, taking out a cash advance could cause you problems if you end [...]
Bankruptcy Lawyer | Credit Card Debt Bankruptcy Lawyer . In Chapter 7 bankruptcy, debtors are usually able to discharge (wipe out) credit card debts. Generally, credit card debts are treated like other unsecured claims in Chapter 7 cases. The Chapter 7 trustee may pay some of your credit card debt, along with other unsecured claims, in [...]