Chapter 7 and 13 Under a Chapter 7 filing your credit report will show the bankruptcy you filed for up to 10 years. Under a Chapter 13 your credit report will show the bankruptcy for up to 7 years. The limits listed above are the maximum amount of years allowed for a bankruptcy to show …
How Long Will A Bankruptcy Stay On My Credit Report History? Read More »
Chapter 7 Timeline: What to Expect When you speak with our office for an initial consultation, our attorneys will discuss your options and how you can proceed forward. Once you retain our office for a Chapter 7 Bankruptcy the following happens: We set an appointment to discuss your situation and create a document checklist for …
Timelines of Chapter 7 and Chapter 13 Bankruptcy Read More »
In general, student loans are nearly impossible to get discharged through a bankruptcy proceeding, and doubly so when the loan is related to the Federal government. What does this mean from a broad picture perspective? Traditionally Speaking: Federal loans are strict, which means that when a student loan is defaulted on the government has the …
The short answer, is it depends. Like most things while in Bankruptcy the way they are addressed can help you retain your refund. First everyone must recognize that no one Bankruptcy case is the same and every case can vary depending on your own personal financial situation. Some of the variables can be: What years …
While In Bankruptcy, Can You Lose Your Tax Refund? Read More »
The number one reason why most people never consider bankruptcy is because they think it will destroy their credit and their ability to get credit in the future. But this isn’t true. Bankruptcy is a legal way for you to responsibly address your financial situation. Most people see a significant increase in their credit score …
How Does Chapter 7 and 13 Bankruptcy Affect My Credit? Read More »
Overview: Many of us have been through the daily exercise of screening our phone calls because we don’t recognize the phone number, and are 99% sure it’s either a solicitation or a creditor calling. Why would you answer a call from someone you don’t know, that you do know is going to want something from …
What To Do When Creditors Call Before, During, and After Bankruptcy Read More »
Many clients ask whether filing bankruptcy is a good fit for their small business. They’re worried about creditors coming after them individually or concerned about the risks of filing for their business in general. Below we are going to cover the some of the basics you’ll need to know before filing for bankruptcy with your …
Filing Bankruptcy requires you to file a Petition with the US Bankruptcy Court in your city/county. This can be done electronically. The moment the petition is filed, you will receive a bankruptcy case number and will be afforded the protections of bankruptcy. However, BEFORE YOU CAN FILE YOU MUST COMPLETE A CREDIT COUNSELING COURSE. There …
The whole point of filing bankruptcy is to get you a fresh start, which includes increasing your credit score. Almost all of my clients see a credit score increase post bankruptcy filing. The reason for this is simple: they drastically reduced their amount of debt. I tell most of my clients that filing bankruptcy and …
The reason debt collectors file lawsuits is because they work. Nothing scares a person more than getting served with a lawsuit. There is this fear that if they don’t do anything they could get into serious trouble. Some people falsely believe that they could go to jail or face criminal charges because of the lawsuit. …
