There are mainly about four types of bankruptcy a person can choose from. Two out of those four types of bankruptcy are chapter 13 and chapter 7, which are the two most popular types of bankruptcy. In order to file a chapter 13 type of bankruptcy, a person must have an income that exceeds his expenses. How about chapter 7? Who can file chapter 7 bankruptcy?Before a person finds out that he or she is eligible or not to file a chapter 7 type of...more
Before a person can file chapter 7 type of bankruptcy, he or she must pass the means test and other eligibility requirements. What is the means test and who may file chapter 7 bankruptcy? The means test is a process where the bankruptcy court investigates your result whether you are eligible or not to acquire the help of the government in paying or discharging your debts. The first factor to determine who may file chapter 7 bankruptcy is how...more
Do you want to know how often can you file chapter 7 type of bankruptcy? Well, the answer to that depends upon which original type of bankruptcy you filed before. If your original bankruptcy is chapter 7, then it would take about 8 years before you can file a chapter 7 type of bankruptcy. This is because you can only file bankruptcy again once your bankruptcy status is discharged and if you file a chapter 7, it would take a period of 8 years before your chapter 7 type of bankruptcy status get discharged.If your original bankruptcy is chapter 13, this will also affect on how often can you file chapter 7 bankruptcy. Chapter 13 takes about 4 years before it is discharged from your status so it would take the same time about 4 years before you can file a chapter 7.The first thing you need to do is prepare your papers before you can file them in the bankruptcy court. There are a few methods which you can do in order to have your papers prepared and get ready to be filed. The easiest method is to go to a bankruptcy lawyer and hire him full time. This can save you a lot of work. But this can be very expensive and because you are financially unstable, that would be an additional...more
Are you tired of those creditors pressuring you to pay your debts? Tired of those calls? Then probably, you are thinking about filing for a chapter 7 so that you can get rid of all those debts as quickly as possible. That might be a good an idea, the only problem is, do you know how to file chapter 7?You can start by filing your bankruptcy...more
If you want to file the greatest tool in eliminating debts, then file chapter 7 type of bankruptcy. You are surely right when you think that this type of bankruptcy is the quickest in eliminating debts compared to the other types of bankruptcy. But do you know how to file chapter 7 bankruptcy?There are a few steps needed to file a chapter 7...more
With sudden hit of financial crisis across the nation, many people in the America are deep in debt. Due to stress that come with debt mounting result in panic situation which ultimately leads to declaring bankruptcy. Once filed bankruptcy, it can not be reversed but can be possible to stop the bankruptcy proceedings during the first four to six months from actually finishing bankruptcy declaration. Filed bankruptcy will appear on a credit report for 10 years whether the actual case is completed or not. However, before filing bankruptcy, it is advisable not to get panic and think for a while how your decision will affect your credit and life in future. Deciding to declare bankruptcy requires many considerations that represent many aspects of your finance and life. As bankruptcy can not be reversed, you need to be completely sure whether it is the only solution to your financial problems. If you are undergoing such debt stress then learn about the different bankruptcy options that are available to you and how they help you in the present situation. There are mainly two types of chapters 13 and 7 that are most common for individual fillings. In chapter 13, the consumer...more
Getting Cheap Insurance Online - Save Hundreds On Car Insurance Starting TodaySo, you are very excited that you are finally the proud owner of the car of your dreams. You feel fantastic as you drive off from the car dealership, enjoying...more
Filing for chapter 7 bankruptcy is a process that is made up of steps required to reach your goal and that is having your debts discharged in the end. You must have a chapter 7 bankruptcy checklist to prepare yourself for each step in the process. ...more
Many people are facing really difficult financial times. Either they have lost their jobs or gotten a pay cut, the fact is that many people were forced to turn to their credit cards in times of economic hardship and now they are buried...more
You can file chapter 7 bankruptcy CT following the steps that I will tell you but before that, let us talk about chapter 7. There are about 4 types of bankruptcy and the two most common types of bankruptcy that are applicable to the average citizen...more
Do you find yourself with a problem of being unable to pay your huge mountain of debts? Did a financial event happen in your life that you were not able to foresee? Or maybe you just woke up suddenly and find yourself in that situation surrounded...more
You can file WI chapter 7 bankruptcy if you are eligible and if you follow the chapter 7 bankruptcy procedures. To know if you are eligible to file a chapter 7 bankruptcy, you must pass the means test. Having the means to pay or not will be...more