Considering filing Chapter 7 Bankruptcy? Learn what the income limit is and other useful information about filing Chapter 7 in our guide. The average American in 2020 rotates between four credit cards and carries almost $6,200 in credit card debt. That’s an increase of almost 20% from a decade ago. Whether you think $6,200 sounds […]
Do I Qualify for Bankruptcy?
Before filing for bankruptcy, you need to qualify by passing a means test. Continue reading below to learn more helpful information. Are you undergoing tremendous financial pressure? You may be thinking about Chapter 7 bankruptcy. However, you’re not sure how to qualify for bankruptcy. To know for certain, you must complete bankruptcy forms and calculate […]
Major Considerations About Bankruptcy
Buried in debt and can’t see away out? Before filing chapter 7 or 13, here are some bankruptcy facts and the top things to know about filing. Filing bankruptcy is a major decision. In 2018, over a quarter of a million Americans were forced to file bankruptcy and make big changes to their financial lives. […]
Real Blank Slate? 8 Types of Debt Chapter 7 Won’t Erase
Bankruptcy can be a saving grace if you’re in over your head, but it isn’t a cure-all. Discover the types of debt bankruptcy won’t discharge. Have you reached the point where Chapter 7 Bankruptcy seems like the only way to get things back on track? Well, you aren’t alone. Just under half a million people […]
How Long Does Chapter 7 Bankruptcy Stay on Your Credit Report?
Filing a chapter 7 bankruptcy can damage your credit score. But how long does chapter 7 bankruptcy stay on your credit report? Click here and find out. You might think filing for bankruptcy means your financial life is over. But it’s not. In fact, to go bankrupt doesn’t have to be a bad thing at […]
Chapter 7 Lawyer: How to File Bankruptcy Chapter 7
Working with a Chapter 7 lawyer is the ideal way to file bankruptcy in Nebraska. Read on to understand the basics of filing bankruptcy Chapter 7. Do you need a Chapter 7 lawyer? Before you hire the right lawyer, you’ll want to learn about filing bankruptcy in Chapter 7. This helps you make the most […]
Bankruptcy Consultation: How Does Bankruptcy Chapter 7 Work?
Visiting a lawyer for bankruptcy consultation is important when considering filing one. Read on to understand bankruptcy Chapter 7 and how it works. Are you scared, confused and uncertain about bankruptcy? Going to your first consultation can be nerve-wracking. You might feel judged or judge yourself harshly for being in the situation to begin with. […]
Auto Loans in Chapter 7 Bankruptcy Pt. II
In the last post, Auto Loans in Chapter 7 Bankruptcy Pt. I, we talked about redeeming your vehicle. Redeeming your vehicle is basically just paying the fair market value of your vehicle. However, we understand that even if your car is only worth $500, it could create a hardship to come up with the full fair […]
Auto Loans in Chapter 7 Bankruptcy Pt. I
To determine what will become of your vehicle in a Chapter 7 bankruptcy you must first determine the amount of equity in your car. Determine Your Equity For these purposes equity is defined as the value of a particular item, in this case your vehicle, after you subtract the amount owed on the item, such as your […]