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The filing of a Chapter 13 bankruptcy case is a process that takes discipline, attention to detail and a strong effort to succeed. Chapter 13 involves repaying either all or a portion of your debt over a three to five-year period. We are talking about a long repayment plan; 36 to 60 months of consistent+ Read MoreThe post Chapter 13 Takes Discipline appeared first on David M. Siegel.
A recent report completed by the Center for American Progress looks at how the economy could benefit from student loan discharge. While getting student loan debt eliminated in bankruptcy can be done only under strict circumstances, many hope lawmakers reconsider making changes to a bankruptcy law that dates back to the mid-1970s that made getting [...]
Yesterday Apple announced the premier of the update iPhone. It looks nice, but I am happy with the older version. The announcement got me thinking about what a lot of folks think about when they are contemplating filing a Chapter 7 bankruptcy petition in California:
"What can I keep?"
Way back in ancient world history, outstanding debt meant you could be sold as a slave. Today, American values hold that a person should be a to get a fresh start. As such, here are some important exemptions that the bankruptcy court lets you keep:
$4,800 in car value
$600 of any household item
$7,175 in business tools of the trade
So, to answer the question, yes, you can keep your iPhone 5s should you need to file a chapter 7 bankruptcy petition! In fact, it is my client's experience that they usually keep everything as all their property is exempt.
Ken Jorgensen, California Attorneywww.fresnobankruptcylawgroup.com
Photo Credit: GONZALO BAEZA
I am pleased to report that our Bankruptcy Law Firm will soon be opening up an office in Bend, Oregon in order to serve the needs of a growing segment of our practice. While it looks like it will take at least a month or so before we are able to open our Bend, Oregon Bankruptcy Law Office, I am extremely happy to report that we will soon be able to offer Bend area consumers afew things that local attorneys are not currently offering. First, we will be offering real payment plans where most attorney fees and all filing fees can be paid in installments after their cases are filed. Second, we will be offering credit repair education for free to all of our Bend area clients. Finally, we will be offering non-bankruptcy services such as debt defense and pursuing collectors under the Fair Debt Collection Practices Act.
The original post is titled , and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa .
I am pleased to report that our Bankruptcy Law Firm will soon be opening up an office in Bend, Oregon in order to serve the needs of a growing segment of our practice. While it looks like it will take at least a month or so before we are able to open our Bend, Oregon Bankruptcy Law Office, I am extremely happy to report that we will soon be able to offer Bend area consumers afew things that local attorneys are not currently offering.
First, we will be offering real payment plans where most attorney fees and all filing fees can be paid in installments after their cases are filed. Second, we will be offering credit repair education for free to all of our Bend area clients. Finally, we will be offering non-bankruptcy services such as debt defense and pursuing collectors under the Fair Debt Collection Practices Act.
The original post is titled Bend, Oregon Bankruptcy , and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa .
Last week, Nancy H. came to my office looking to file a Chapter 7 bankruptcy case. She had $20,000.00 or so on credit cards and no other unsecured debt. She had a condominium that had a value of $89,000.00 and a mortgage debt of approximately $80,000.00. Thus, there was some equity in her condominium, but+ Read MoreThe post The Bankruptcy Case Of Nancy H. From Chicago appeared first on David M. Siegel.
Part of our commitment as bankruptcy attorneys is to inform and educate clients about the bankruptcy process. As a part of the client-attorney team, it is important for you to understand the forms you sign as part of your bankruptcy case. You are required to sign many of the forms we will file and [...]
Part of our commitment as bankruptcy attorneys is to inform and educate clients about the bankruptcy process. As a part of the client-attorney team, it is important for you to understand the forms you sign as part of your bankruptcy case. You are required to sign many of the forms we will file and […]The post Understanding the Bankruptcy Forms appeared first on Tucson Bankruptcy Attorneys Trezza & Associates.
Small business owners can benefit from bankruptcy in a number of ways. Aside from using this powerful financial tool to help eliminate business debt, you can get legal assistance in restructuring or reorganizing your financial obligations. This may help you gain more control over business finances while remaining in business. There are a few aspects [...]