Category: Chapter 13 Archive
An Overview of California Personal Bankruptcy Options: Chapter 7 and Chapter 13
If you find yourself in an impossible financial situation, you are not alone. Hundreds of thousands of Americans find themselves in the same situation every year. Those hundreds of thousands turned to bankruptcy for a clear-cut solution. Many others are still out there, struggling to make ends meet or failing ...
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What to Expect at the 341 Meeting
Every debtor must attend a meeting called the meeting of creditors or 341 creditors meeting. It’s a mandatory requirement for anyone who files for bankruptcy. If you happen to miss your first meeting, it could be rescheduled, but if you miss your second 341 meeting you run the risk of ...
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Before You File: A Bankruptcy To Do List
There’s a lot of discussion about filing for bankruptcy and what to expect once debts have been discharged, but there aren’t as many resources regarding what to do before you file. There’s a small lull between the panic of impossible financial burden and actually filing bankruptcy with the help of ...
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What to Expect Once You’ve Filed for Bankruptcy
Right after you file for bankruptcy, your credit will not be strong. Although it’s interesting to consider that any individual filing for bankruptcy wasn’t enjoying a “strong” credit rating immediately prior to filing either. The very same circumstances that led them to file for bankruptcy have already wreaked havoc on their ...
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The Top 5 Reasons to File for Bankruptcy
Filing for bankruptcy doesn’t carry the stigma is used to. In fact, in today’s economic climate, it’s not unheard of for successful, good people to file more than once or even multiple times. The ups and downs of the marketplace have left many with the need for a fresh financial “slate.” ...
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Saving Your Home with Chapter 13
Many people declaring bankruptcy do so with the intention not only of freeing themselves from overwhelming credit card debt, medical bills, personal loans, etc., but to also free themselves from stifling mortgage payments. If you find yourself unable to handle the complete scope of your finances, but simultaneously unwilling to walk away ...
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Your Bankruptcy Timeline
One of the most common questions regarding bankruptcy is one of the simplest: what is going to happen? That’s why we find it so helpful to make sure that everyone even considering filing knows each and every step that can be expected along the way. Here is your timeline of ...
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The Chapter 13 Story: Is it Yours?
California has felt more than its share of the pinch when it comes to the economic downturn, but it’s not the only region that has suffered. California isn’t the only state to feel all function freeze momentarily as a result of the housing crisis. There are many regions that have ...
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Defining Your Bankruptcy Options: Chapter 7, Chapter 11 and Chapter 13
When considering solutions to financial catastrophe, bankruptcy is an obvious choice. Legal professionals can walk individuals in need of bankruptcy advice through the basics and show them the ropes, but it’s best to walk into this type of situation with a basic understanding of the terminology. It helps avoid confusion. ...
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There is Life After Bankruptcy: First Step – Get Rid of the Guilt
Many find getting on with life after bankruptcy more overwhelming than the process of bankruptcy itself. Those who have undergone the bankruptcy process have to consciously repair their credit rating, rebuild their finances and embrace a positive emotional state. It’s vital that individuals go through the appropriate post-bankruptcy steps in ...
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