Can You Keep Assets In A Chapter 7 Bankruptcy Case?

18 August 2021
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If you ask a bankruptcy lawyer about Chapter 7 bankruptcy, you will quickly learn that they call this the "liquidation" branch of bankruptcy. When you think of this word, you might realize that it means to sell things to generate cash to use for a purpose. Therefore, you might assume that you must sell all your things to repay your debts. While you might have to surrender some assets if you use Chapter 7, many people keep most of their assets. Read More 

5 Surprising Things To Know About Bankruptcy

30 December 2020
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Bankruptcy is often seen as a negative moment in one's life. However, this is often because the facts about bankruptcy are often not well understood. There are several facts about bankruptcy that can be very surprising. The best way to avoid surprises you don't want is to speak with a bankruptcy attorney. 1. You May Be Able to Stop a Repossession If your car is being repossessed, you may be able to stop the repossession as long as the car hasn't already been sold by filing for Chapter 13 bankruptcy. Read More 

Times To Use Chapter 13 Even If You Qualify For Chapter 7

29 May 2020
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One of the first things a bankruptcy lawyer does during a consultation visit is to examine your income and debts to see which branch you should use. You might learn that you qualify for Chapter 7 and for Chapter 13, and many would rather use Chapter 7. Chapter 7 is not always the best choice, though. Here are four situations where you should consider Chapter 13 bankruptcy, even if you meet the requirements for Chapter 7. Read More 

Getting Ready To File For Bankruptcy: Be Prepared

11 July 2019
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Being prepared to declare bankruptcy involves two distinct areas of consideration. First, you must become aware that your financial condition is not going to become magically better. When you are no longer able to pay your bills and creditors have begun to either threaten or carry out more punitive measures, you should prepare yourself mentally. The other way of getting ready is far easier and involves the below actions. Speak to an Attorney About Your Financial Situation Read More 

What Is Chapter 13 Bankruptcy, And How Does It Apply To You?

1 March 2019
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Within the American bankruptcy system, there are three common types of bankruptcies that may be declared. These are Chapters 7, 11, and 13. Chapter 7 involves liquidating your assets to satisfy creditors, and Chapter 11 is mostly aimed at businesses and some types of farms. If you are dealing with personal debts and don't want to see your assets liquidated, a Chapter 13 bankruptcy filing is likely to offer the most appealing avenue. Read More