Archives for October 2022

If you are eligible to file for Chapter 7 Bankruptcy, your attorney will file the bankruptcy on your behalf triggering an automatic stay which stops creditors from further collection efforts. Anywhere from 3 to 6 weeks after filing, you will meet with a bankruptcy trustee to go over your financial records. Creditors are provided a 60 day window to object to the findings, after which time eligible debt will be discharged. For Chapter 13 bankruptcy, the procedure is similar, but instead of … [Read more...]

Because of worsening economic conditions, personal bankruptcy is on the rise across America. Many who are struggling with debt may consider bankruptcy as an opportunity to hit the restart button, to get a fresh financial start. Types of Personal Bankruptcy Individuals have two bankruptcy options to choose from depending on their situation including Chapter 7 and 13. The vast majority filers choose chapter 7 bankruptcy to erase unsecured debt such as credit cards and medical bills that have … [Read more...]