Things to Know Before Filing Chapter 7 or Chapter 13 in San Diego: Disclosure & Bankruptcy Fraud Among many considerations, the first thing to understand is that your petition must be filed in good faith. Truthful Documented and Thorough Disclosure Do not hide information: all income, assets, debts need to be disclosed. You will be […]
Daily Archives: January 15, 2018
Talk to Bankruptcy Attorney: How to Avoid Foreclosure and How to Stop Foreclosure by Filing Chapter 13 Bankruptcy When considering Chapter 13 Bankruptcy, the borrower needs to really understand their budget: income and true expenses, in order to determine if it is a wise financial decision to propose a viable Chapter 13 repayment plan. When […]
Get Bankruptcy Information Documents Before You Find a Bankruptcy Attorney to File for Bankruptcy Great bankruptcy attorneys aren’t just up on the law, they are organized. Same goes for the bankruptcy clients. Unfortunately, often folks overwhelmed by debt who fell behind on payments have been avoiding creditors also lose track of their finances. It’s understandable. […]
How to Choose Affordable & Best Bankruptcy Attorney, Lawyer, Law Firm, Legal Counsel in San Diego CA Recent historically high bankruptcy filing rates have created more demand for bankruptcy legal representation and consequently more attorneys have entered the bankruptcy area of practice. Here are a few things to consider when selecting your legal counsel. Value […]
Can I Keep My Car Or House when Filing for Chapter 7 or Chapter 13 Bankruptcy? Contrary to some common Bankruptcy Myths, you need not be penniless and without income to file for Bankruptcy protection. While Bankruptcy is a Federal Law, every state contributes to it by providing its own set of exemptions, which protect […]
Will Bankruptcy Really Ruin Your Credit? Contrary to popular belief, bankruptcy does not ruin credit. Financial trouble ruins credit, regardless of the circumstances that surround it. Bankruptcy actually protects assets, discharges debt and allows a debtor to regain financial control allowing them to rebuild their credit. This article explains how this is so. What ruins […]
IRS and Bankruptcy: Are Income Taxes Dischargeable in Chapter 7 or Chapter 13? Often people are misinformed about Taxes and Bankruptcy. Whether due to the recent wave of foreclosures where people forget to adjust their income tax withholdings to make up for the loss of the mortgage interest deduction or because some individuals accept debt […]
Foreclosure or Short Sale, Bankruptcy Means Test, and Chapter 7 or Chapter 13 Overwhelmed homeowners seeking debt relief should be aware of certain legal remedies before allowing a foreclosure or short sale on their primary residence. The 2005 Bankruptcy code changes brought about the Means test. The test determines whether a debtor qualifies for Chapter […]
Bankruptcy Law and Debt Relief Solutions of Chapter 7 or Chapter 13 The names Chapter 7 and Chapter 13 come from the sections of the United States Code Title 11 where the law is found regarding these bankruptcy methods… you guessed it… under Chapter 7 and 13. The main difference between these two bankruptcy relief […]
Filing Bankruptcy, Debt Relief Option if Credit Consolidation or Debt Settlement Don’t Work When it comes to debt relief there are basically three options: Credit Consolidation, Debt Settlement, and Bankruptcy. The Bankruptcy option may be attractive for debtors who have no funds to propose a settlement, cannot afford a consolidation repayment plan or have other […]