The reality is that filing for bankruptcy cost money and with the new bankruptcy law under the BAPCPA effective October, 2005 that spawn new requirements to file bankruptcy, the cost of filing bankruptcy has increased. If you want to learn how to file for bankruptcy free then you are sure in for a surprise because it is impossible not to spend a single dollar to save your financial life. But do not let this reality pull you down; there are more...more
Chapter 7 is a great tool in eliminating really huge mountains of debts. Unlike chapter 13 that will still require you to pay your debts in a reorganization plan, chapter 7 pays debts through liquidation and any remaining debts that are not covered by the proceeds derived from the properties that are liquidated are simply forgotten or eliminated. If you need to file bankruptcy chapter 7, there are a qualifications that you need to meet before...more
Unlike chapter 7, it is easier to qualify for a chapter 13 because the new bankruptcy law encourages it. This new law was effective October 2005 under the BAPCPA. It requires everyone considering filing for bankruptcy to go to a credit counseling agency for credit counseling sessions. The sessions provided by these agencies are required also by law to be documented. This will be used as proof in court that a person attended those credit counseling sessions. The other thing that makes it easy to be eligible to file chapter 13 than chapter 7 is for the reason that credit counseling agency also provides repayment plans. These repayment plans are proposed to your creditors in the meeting of the trustee. The only requirement that you need to have to make the repayment plan proposal acceptable is that your income should exceed your expenses.If you need to file bankruptcy chapter 13 in a short time, you might get disappointed. Chapter 13 takes a longer time to file compared to chapter 7. This is because chapter 7 involves a lot of planning, meetings and agreement between you and your creditors. As compared to chapter 7 also, filing for a chapter 13 bankruptcy costs more. This...more
It's not hard to do. One day you feel like you have all the money and financial security in the world. And then it happened, maybe not to quickly either. You may have had a family emergency, you may have been injured, you may even have got carried away over the years, and regardless it happened.Debt can creep up on you and you...more
One of those words that you never want to hear when talking about your financial future is bankruptcy. Even people who are not well versed on how the financial world works know that bankruptcy is a terrible option and it is basically a killer for your financial future. With that said, some people still choose this method when the debt...more
It's an unfortunate truth, but San Diego bankruptcy law is one of the fastest growing types of practice in the country right now. Quickly swelling beyond personal injury and family practice, more and more people and families are finding themselves in the unhappy position of seeking out a bankruptcy attorney every day. With our country in the throes of a recession, it seems that the only ones making any money are the people that are helping those who have lost all of their money. Though this is not entirely true, I know it sure feels that way if you are the one filing for bankruptcy.Lawyers often get a bad rap. They are portrayed as "ambulance chasers", or slick and sneaky criminal defense lawyers who are just as interested in getting their fifteen minutes of fame as they are in actually helping their clients. While I am sure that there are some attorneys out there that do live up to their bad reputation, I truly believe that most people that practice law actually seek to help people. This is especially true of San Diego bankruptcy law firms. San Diego bankruptcy law firms are there to help people when the chips are about as down as they can possibly get. At a time when their...more
If you've had the unfortunate circumstances of having to file a bankruptcy, you're not alone. With consumer confidence at an all time low, and record number unemployment and foreclosures, more Americans are seeking federal protection for relief from...more
You can prevent bankruptcy by consolidating your debt with the help of a loan or debt consolidation agency to reduce your monthly payments and quickly pay off your liability. But before signing final paperwork, you should develop a...more
Are you having debt problem? Worked out all alternatives to bankruptcy and still facing the risk of foreclosure or repossession? Then filing bankruptcy is possible option to deal with your debt problems. But, filing bankruptcy is not an...more
With downturn in economic conditions, many people got mounted with debt due to loss of job, rise in cost of living expenses. With increased living expenses and loss of job, many people started to live on credit cards for their...more
Do you find yourself wondering who else has been in your position? Who else has suffered through overwhelming amounts of debt and been left needing protection from foreclosure, a solution to credit card debt, and a hiding place from the...more
Many people often do mistake of thinking that bankruptcy is the option that relieve them from debt but this is totally wrong there are many alternatives to bankruptcy and get relief from debt. One should think about bankruptcy only as a...more