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What You Need to Know About Bankruptcy Before the Creditors Meeting

Submitted by Anonymous (not verified) on Tue, 09/22/2020 - 15:40

Are you considering filing bankruptcy under Chapter 7? Straight bankruptcy, also known as liquidation bankruptcy, is a bankruptcy case wherein the court wipes out most of your debts. A bankruptcy filing is a straightforward process that takes about four to six months. Here’s an overview of things you need to consider regarding qualifications, proceedings, and filings before your meeting with creditors. 

Am I A Good Candidate for Bankruptcy?

Submitted by Anonymous (not verified) on Fri, 07/17/2020 - 12:58

Deciding on whether or not you should file for bankruptcy is a tough call. Some may even tell you to declare bankruptcy only as a last resort. But before giving in to the stigma, consider all possible angles in approaching your financial issues. 

How Bankruptcy Works

Submitted by Anonymous (not verified) on Wed, 07/08/2020 - 10:39

The bankruptcy process involves a set of federal laws designed to help individual and business debtors who cannot pay what they owe. All 94 federal judicial districts handle bankruptcies. Bankruptcy filings are done with the bankruptcy court in almost all of them. Federal bankruptcy courts have jurisdiction over bankruptcy cases, so they cannot be filed with a state court.

Should You File Bankruptcy? Assessing Your Financial Situation

Submitted by Anonymous (not verified) on Fri, 06/19/2020 - 17:05

Should I file for bankruptcy? This is one of the most asked questions among people in financial distress who owe more than what they can pay. If you are in the same situation, don’t consider filing bankruptcy as a dangerous option. In fact, a bankruptcy petition may give you the faster route to debt relief as compared to emptying your savings and finances. There are several types of bankruptcy available depending on your situation.

Bankruptcies during the COVID-19 Outbreak

Submitted by Anonymous (not verified) on Mon, 06/15/2020 - 08:27

Because of the safety protocols imposed in response to the global COVID-19 pandemic, many federal bankruptcy courts throughout the United States have adopted modified operations to ensure that physical distancing is observed at all times and to prevent beginning a contagion in a United States bankruptcy court.

Pros and Cons of Filing Chapter 7 Bankruptcy

Submitted by Anonymous (not verified) on Fri, 06/05/2020 - 11:33

Filing for bankruptcy is not an easy decision.You will need to weigh in factors such as your capacity to pay off creditors, the list of exempt property and nonexempt assets you have which will be placed in a bankruptcy estate, where you can get legal advice, and even how your credit score will be affected after filing.

Weighing the Costs of Filing a Chapter 7 Bankruptcy

Submitted by Anonymous (not verified) on Thu, 05/21/2020 - 14:35

For debtors with high amounts of unpaid loans, paying off creditors using their savings is not the only option. In fact, borrowers who own valuable and nonexempt property may choose to file for a Chapter 7 bankruptcy. However, choosing this type of bankruptcy involves weighing both the financial and indirect costs on the part of the borrower.
The Indirect Cost of Filing for Bankruptcy

Bankruptcy Alternative

Submitted by Anonymous (not verified) on Wed, 05/06/2020 - 11:29

If you’re facing serious financial problems, you may be considering filing for bankruptcy. In many cases, bankruptcies were an apt solution for people who have been struggling financially. While filing bankruptcy is often the last resort for debtors, it’s also possible that they may not realize what alternatives there are. Indeed, there are less drastic courses for bankrupt debtors to get rid of their debts than to file for bankruptcy.
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Chapter 13 Bankruptcy Best Effort Requirement

Submitted by Anonymous (not verified) on Thu, 04/30/2020 - 10:19

Are you under financial distress and considering declaring bankruptcy? Bankruptcies have long been the answer to debtors looking to have their debts discharged, so find out what your options are in getting the best possible results when you file for bankruptcy.

Federal Bankruptcy Exemptions in Oregon

Submitted by Anonymous (not verified) on Tue, 04/14/2020 - 10:51

When financial problems become severe, declaring bankruptcy is the common solution. People in debt may overcome their financial distress by taking advantage of bankruptcy protection. Not only do bankruptcies offer debt relief, but they also lead to a fresh start.
If you want to declare bankruptcy, there are some necessary steps you need to take before you get to a bankruptcy discharge. The bankruptcy process presents variations depending on the details of a case.

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