Steps Needed to File for Chapter 7 Bankruptcy

Posted on: 26 March 2021

Filing for Chapter 7 bankruptcy has consequences, but it also has a lot of benefits. Chapter 7 offers debt forgiveness to all qualifying debts, and this is the reason people use it. If you are interested in it, you might wonder about the steps you must complete to file. Here are the main steps you will need to take before filing your case. Pass the Income Test You cannot use Chapter 7 unless you meet the legal guidelines, and the income test is the main one you must pass.
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Key Reasons Why Chapter 7 Bankruptcy Appeals To People In Serious Debt

Posted on: 25 March 2021

The federal court system makes available legal options to help debtors regain control of their finances and prevent serious financial distress. People with debts that they cannot pay can file for bankruptcy to have some or all of them liquidated.  However, when you consider which form to file, you need to be aware of what each chapter can offer to you. When you want a relatively quick resolution to your debts, you may decide to file for Chapter 7 bankruptcy.
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Top Benefits Of Chapter 13 Bankruptcy

Posted on: 17 December 2020

Have you thought about getting help for your debt problems? If not, you might want to look for a program that can help you get out of debt. If you wait too long to seek help, you might face too many challenges. As you search for your options, you might come across Chapter 13 bankruptcy. Chapter 13 offers some benefits when used properly, and here are some of them. It Helps You with All Debts
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What You Must Know About The Chapter 13 Repayment Plan

Posted on: 3 November 2020

When you seek advice from a bankruptcy lawyer, they will tell you which branches of bankruptcy you qualify for and which to use. If your lawyer recommends Chapter 13 bankruptcy, it is likely because you do not qualify for Chapter 7. If you must use Chapter 13, you will have a repayment plan. Here are several essential things to know about this repayment plan. The Length of the Plan The first thing to know about the repayment plan is the length of the plan.
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