the information will remain on yourcredit reportfor up to 10 years from the date of when the request was filed. That being said, the impact bankruptcy will have on your credit will decrease as time passes and as you add positive information to your credit report. In some cases, the inform...
Before you dive into all the official bankruptcy forms, you should get your own documents in order. When you file for bankruptcy, you’re basically telling a federal court that you can’t afford your debts and you need assistance. Later down the line, you’ll actually need to prove that ...
Bankruptcy serves as a legal proceeding you may choose when your debts have gone unpaid for a while. If considering filing for bankruptcy, you may want to weigh the potential effect it could have on your credit. Let’s learn more about bankruptcy before learning how torebuild your creditand ...
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When a business opens a Chapter 11 case by filing a bankruptcy petition, an automatic stay takes effect. In exchange for this protection, the company must disclose its financial situation by filing a written disclosure statement and a plan for reorganization with the court. The disclosure statement...
As soon as you file for Chapter 7 bankruptcy, your possessions come under the control of the court. You can't sell your home without the court's express permission. Often court will order a home sale as a stipulation of the bankruptcy – this typically happens when the house is ...
When you file for bankruptcy, it is necessary for you to fully indicate all the debts you have. If you have a credit card with zero balance owing, it technically can stay open. In most cases, you should be able to hold onto it, but it is a decision left up to the financial institu...
For experienced guidance through the bankruptcy process, speak with a talented Los Angeles bankruptcy attorney from RHM LAW LLP. Get in touch today.
Value. When you hire a bankruptcy attorney you want value. You want to know that you are getting the most for your hard-earned money. I offer very high-quality bankruptcy representation and legal services at a very reasonable fee. I am also known to have a soft heart, especially for peop...
When properly utilized, a Chapter 13 filing helps debtors avoid some of the least desirable consequences associated with bankruptcy.Some advantages to filing under Chapter 13: Keep Your HouseIt’s a scary feeling when you learn you could lose your home. Foreclosure is expensive, stressful, and ...