Multiple Bankruptcy Filing
I previously filed for Bankruptcy, but because of circumstances beyond my controll I need to file Bankruptcy again. Do I qualify for another Bankruptcy Discharge? It depends on what Chapter was your last filed Bankruptcy and whether you received a discharge. Moreover, your bankruptcy filing is in good faith. If you filed for Chapter 7 Bankruptcy and received […]
Bankruptcy and Foreclosure
What can Chapter 7 Bankruptcy and Chapter 13 Bankruptcy do for my Foreclosure? Chapter 7 Bankruptcy cannot stop foreclosure. It can stall foreclosure. If you receive a Chapter 7 Bankruptcy discharge, you are not personally liable for the debt after they foreclose on the collateral. Chapter 13 Bankruptcy can stop foreclosure as long as you timely […]
If I Operate a Business and I Filed for Bankruptcy, Am I Required to Stop Business Operation?
If I operate a business and I filed for Bankruptcy, am I required to stop business operation? The answer depends on who is filing for bankruptcy. If the bankruptcy filer is a corporation, limited liability company, or partnership, it must stop business operation immediately upon filing Chapter 7 Bankruptcy. Corporation, limited liability company, and partnership cannot […]
Liens and Bankruptcy
What liens can bankruptcy remove? The answer depends of the type of liens and which bankruptcy chapter filed. Judicial liens, aka judgment liens, by credit cards, personal loans, medical bills, or deficiency from car repossession or foreclosure can be removed in either a Chapter 7 Bankruptcy or Chapter 13 Bankruptcy if you meet the conditions. […]
What is the Best Thing About Bankruptcy?
What is the best thing about bankruptcy? The answer to this question will be different for different people. For some people, the best thing about bankruptcy is discharge of debts. Bankruptcy can be a huge relief if you have insurmountable credit card debts, medical bills, unsecured personal loans, deficiency from car repossession or foreclosures, guaranteed […]
What Debts are Discharged in Bankruptcy?
What debts are discharged in bankruptcy? Examples of dischargeable debts in bankruptcy, whether you file for Chapter 13 Bankruptcy or Chapter 7 Bankruptcy, are credit cards, medical bills, unsecured personal loans, and deficiency from car repossession or foreclosure. Examples of non dischargeable debts are child support, alimony, recent taxes, debts incurred through fraud, fines, restitution, […]
What can I do to Stop Wage Garnishment?
What can I do to stop wage garnishment? Filing for Bankruptcy, whether it is Chapter 7 Bankruptcy of Chapter 13 Bankruptcy, will stop most wage garnishment because Automatic Stay takes into effect upon filing which stops creditors from collection activities. However, automatic stay will not stop wage garnishment for child support or alimony. Domestic support obligation are priority […]
How is My Income Relevant in Bankruptcy?
How is my income relevant in bankruptcy? In a Chapter 7 Bankruptcy, income and expenses are key in determining if you qualify for Chapter 7 Bankruptcy. The Means Test is utilized to determine if your income and expenses fall below a certain threshold to qualify for Chapter 7 Bankruptcy. Keep in mind, expenses must be […]
What do I Need to Bring to Sacramento Bankruptcy Attorney Appointment?
What do I need to bring to Sacramento Bankruptcy Attorney appointment? For an in depth Bankruptcy consultation and for Sacramento Bankruptcy Attorney to determine if your Bankruptcy case is a Chapter 13 Bankruptcy or Chapter 7 Bankruptcy case, you should bring 7 months of pay stubs, most recently filed tax return, lawsuits, and general knowledge […]
Ask Stockton Bankruptcy Attorney: How Long does a Stockton Bankruptcy Case Take to Complete?
Ask Stockton Bankruptcy Attorney: How Long does it Take for a Stockton Bankruptcy Case to Complete? If you resides in Stockton, California and file a Chapter 7 Bankruptcy petition in Bankruptcy Court, it usually takes 3 to 4 months to complete from filing to discharge or final decree assuming nothing went wrong in court: for […]