What Are the Benefits of Chapter 7 Bankruptcy? Chapter 7 Bankruptcy | When debt relief is needed or a family is in need of outside help to regain financial stability, there are several options that may be pursued. Filing for Chapter 7 bankruptcy can be a wise move for some in Florida. It may be [...]
Chapter 7 Bankruptcy | Avoid Bankruptcy Fraud Chapter 7 Bankruptcy | Bankruptcy is a legal process through which a business or individual is discharged of the debts they are unable to pay. When it comes to bankruptcy fraud, it usually takes one of three forms: concealment of assets, multiple filings, and petition mills. Bankruptcy fraud is [...]
Chapter 7 Bankruptcy | The Benefits of Filing Bankruptcy (Pt.1) Chapter 7 Bankruptcy | You’ve always been told that bankruptcy is a bad thing, and that it can take years to recover. But a lot of times, bankruptcy can be just what you need for financial recovery. When is Bankruptcy a Good Thing? While it’s [...]
Chapter 7 Bankruptcy | Should You Start Repaying Debts Before Filing? Chapter 7 Bankruptcy | Why pay off a credit card or other debts before you file bankruptcy? This would seem to be a counter-intuitive thing to do. After all, you’re filing bankruptcy presumably because you need to eliminate debts. But many debtors choose to [...]
Chapter 7 Bankruptcy | Understanding Chapter 7, 11, and 13 Bankruptcy (Pt. 1) Chapter 7 Bankruptcy | Bankruptcy means seeking help to get back on strong financial footing. That often means forfeiting some of your property through the process of liquidating your assets. But specifically what happens to your property in bankruptcy is entirely based [...]
Chapter 7 Bankruptcy | Actor David Cassidy Files Bankruptcy Chapter 7 Bankruptcy | According to reports, David Cassidy has filed for bankruptcy. He apparently owes thousands of dollars in credit card debt and legal fees. Thousands in Debt It appears Cassidy has amassed thousands of dollars in debt. According to E! Online, the former star of The Partridge [...]
Chapter 7 Bankruptcy | Pulling Payments Back Into an Estate Chapter 7 Bankruptcy | When you file bankruptcy, the court will appoint a bankruptcy trustee. The bankruptcy trustee administers the case from reviewing all of your financial paperwork to liquidating property. The trustee is obligated to try to satisfy as many creditor claims as possible [...]
Medical Bills and Chapter 7 Bankruptcy (Pt. 2) Chapter 7 Bankruptcy | Criteria for Chapter 7 Bankruptcy There are some criteria you will need to meet in order to be able to file for Chapter 7 bankruptcy. 1. Bankruptcy means test This test compares the state’s median monthly family income to your family’s income. You may [...]
Medical Bills and Chapter 7 Bankruptcy (Pt. 1) Chapter 7 Bankruptcy | Medical bills add up fast. A simple operation can cost a family thousands, and even push them into bankruptcy. In fact, medical bills are one of the most common reasons people seek relief in bankruptcy. Luckily, medical debt can be wiped out in bankruptcy. Medical [...]
Chapter 7 Bankruptcy | What is Automatic Stay? Chapter 7 Bankruptcy | “[T]he automatic stay may provide a powerful reason to file for bankruptcy.” So says a national legal research organization in discussing this debt-relief tool. The above endorsement is both succinct and unequivocal. Indeed, the automatic stay can be a potent weapon in the [...]