Chapter 7 Bankruptcy | Student Loan Repayment Options Chapter 7 Bankruptcy. Lenders offer a variety of plans to repay your student loans -- some of them quite flexible. The plans available to you depend on the types of loans you have. Find out what kind of loans you have, learn about your options, then make [...]
Chapter 7 Bankruptcy | Prohibiting Car Repossession Chapter 7 Bankruptcy. If you are in an active Chapter 7 bankruptcy, your car loan lender is prohibited from repossessing your car or otherwise trying to collect its debt. However, your lender may still be able to repossess the car during your Chapter 7 by getting permission from [...]
Chapter 7 Bankruptcy | Advantages and Disadvantages of Chapter 7 Chapter 7 bankruptcy allows a filer to discharge – or eliminate – unsecured debt such as credit card debt, medical bills and deficiency balances due to auto repossession. Advantages to a Florida Chapter 7 filing: You receive a complete fresh start. After the bankruptcy is [...]
Chapter 7 Bankruptcy | Paying Priority Debts Chapter 7 Bankruptcy . Priority debts are paid first if a Chapter 7 trustee disburses property in the course of the Chapter 7 case. This can be very helpful when the priority debt can’t be discharged in your bankruptcy (which is usually the case). For example, liability for a recent [...]
Chapter 7 Bankruptcy | A Fresh Financial Start Chapter 7 Bankruptcy . When you file for Chapter 7 bankruptcy, you begin the process of obtaining a fresh financial start. That means you do not have to pay debts that are dischargeable in your bankruptcy, and should stop paying those debts once you have filed. However, there [...]
Chapter 7 Bankruptcy | Preventing Utility Disconnection Chapter 7 Bankruptcy . Filing for bankruptcy will stop a utility from disconnecting service for 20 days, and longer if you can come up with adequate assurance of payment. Chapter 7 bankruptcy can provide immediate relief if you are in danger of a utility shut-off, including your gas, [...]
Bankruptcy Lawyer | What is Chapter 7 Bankruptcy? Bankruptcy Lawyer . Bankruptcy is a process in which consumers and businesses can eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. For the most part, bankruptcies can be divided into two types -- liquidation and reorganization. Chapter 7 bankruptcy comes under [...]
Bankruptcy Calculator | Chapter 7 Means Test Bankruptcy Calculator . The bankruptcy "means test" determines whether your income is low enough for you to file Chapter 7 bankruptcy. It's a formula designed to keep filers with higher incomes from filing for Chapter 7 bankruptcy. High-income filers who fail the means test may use Chapter 13 [...]
Bankruptcy Lawyer | Who Can File Chapter 7 Bankruptcy Lawyer . Prior to October 17, 2005, it was largely up to a bankruptcy judge to decide whether a debtor met Chapter 7 requirements. Judges, therefore, could use substantial discretion when assessing the debtor's financial situation. As a result, under the old law, most filers chose to [...]
Chapter 7 Bankruptcy | How it Works Chapter 7 Bankruptcy . A chapter 7 case begins with the debtor filing a petition with the bankruptcy court . In addition to the petition, in a chapter 7 bankruptcy case the debtor must also file with the court: Schedules of assets and liabilities; A schedule of current income [...]