Taking A Closer Look At The Bankruptcy Means Test

30 November 2019
 Categories: , Blog

Filers who make more than the state's median income will need to go through an additional step before they can file their chapter 7 bankruptcy. The means test is part of the filing paperwork package for such filers, and it bears a closer look. Read on to find out more about this test that you must pass before you can file and get the debt relief you need. Part One of the Means Test Read More 

Pros & Cons Of A Chapter 13 Repayment Plan After Filing Bankruptcy

13 May 2019
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Chapter 7 bankruptcy is mostly about completely eliminating the debts you have, but chapter 13 allows reorganization and at least partial repayment. Therefore, chapter 13 bankruptcy repayment plans seem to be the more responsible decision. Here is a look at some of the pros and cons of going with a chapter 13 repayment plan after filing bankruptcy.  Pro: You can lessen the burden of the debts payments you have.  If you are scratching and struggling to make your payments every month, chapter 13 repayment plans can be a logical solution. Read More 

Secured And Unsecured: Learning About Bankruptcy Debt

11 February 2019
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Most consumers don't give much thought to the types of debt they have. They might realize that a mortgage is different from an auto loan, but the differences go beyond that. If you are about to declare chapter 7 bankruptcy, you will need to know and understand how your debt is divided. For bankruptcy purposes, your debts fall into two main categories – secured and unsecured. The way these debts are dealt with should concern you if you want to get the most out of bankruptcy without losing property, so read on to learn more. Read More 

How Long Does It Take To Go Through Chapter 7 Bankruptcy?

26 December 2018
 Categories: , Blog

If you decide that Chapter 7 bankruptcy is the right option for you in terms of debt-relief, you may be wondering how long the process with take. To understand how long it will take, you will need to understand the steps involved and the factors that can affect the amount of time it will take from start to finish, and here are several things you should understand about this. Most cases close within 9 months Read More 

Immediate Relief Is Possible: What To Know About The Bankruptcy Automatic Stay

17 November 2018
 Categories: , Blog

When the bills are not getting paid and the collection agency calls outnumber the telemarketers, it might be time to consider bankruptcy. While most people associate a bankruptcy filing with unloading the burden of too much debt, there is another benefit that is not as well known but takes effect right away. Read on to learn more about the immediate relief of the chapter 7 bankruptcy automatic stay. What is the Automatic Stay? Read More