Chapter 7 bankruptcy is designed to give debtors a “fresh start” in their financial life. At theend of the process, all qualifying debts are discharged, which means you will never have to pay them. Filing a bankruptcy petition is complicated and time consuming and not all debts are discharg...
Foster Law Offices, LLC assists consmers with obtaining a fresh start through Chapter 7 Bankruptcy. Credit card debt, medical bills, loans? We can help.
Individuals often assume that filing bankruptcy will eliminate all their debts. Unfortunately, not all debts are dischargeable underChapter 7 bankruptcy. Most people, however, have debts that can be discharged under Chapter 7 however, individuals should be aware of debts that may not be discharged....
Chapter 7 bankruptcyis a legal procedure that discharges a debtor from personal liability for certain types of debts, including credit cards, medical bills, personal loans, foreclosures, repossessions, overdrafts, check cashing loans, etc. Upon filing for Chapter 7 bankruptcy, you will be protected...
Generally, these types of debts are discharged in a Chapter 7 bankruptcy in Kentucky and Ohio.In a Chapter 7 filing, secured creditors normally preserve their liens in the debtor's property, and the debtor will carry on making regular payments to the secured creditor. It must be noted that ...
Secured debts, like your home mortgage or car loans can eliminated or discharged in a Chapter 7 Bankruptcy. You can keep the property if you continue to make your regular payments or surrender the property to the lender and walk away with no personal liability. In some instances you will nee...
Not all debt is discharged in Chapter 7 bankruptcy. Thus, the debtor may still owe some money even after the case has been closed. Debt that is non-dischargeable in bankruptcy includes child support, student loans, alimony, and most tax debts. ...
Hardship discharge cannot take place before the debtor has paid creditors the amount that would have been received from a Chapter 7 bankruptcy. Additionally, it is not possible to revise the existing repayment plan to match the new financial circumstances....
Your Chapter 7 bankruptcy case will end with a discharge of all debts that you are entitled to discharge. Once the debt is discharged, creditors are forever banned from any collection actions against you for that debt.. Let the bankruptcy attorneys at Brock & Stout help you regain your financ...
Chapter 7 bankruptcy does not protect co-signers from being pursued by creditors. If a debtor’s loan or debt has aco-signer, the creditor can still seek repayment from the co-signer even after the debtor’s obligation is discharged. In addition, filing for Chapter 7 bankruptcy is a matter...