While Chapter 7 involves liquidating non-exempt assets, debtors can keep certain exempt assets which vary by state. These exemptions ensure that debtors can maintain a basic standard of living post-bankruptcy. Plus, unlike Chapter 13 bankruptcy which requires a repayment plan, Chapter 7 does not i...
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Foster Law Offices, LLC assists consmers with obtaining a fresh start through Chapter 7 Bankruptcy. Credit card debt, medical bills, loans? We can help.
A: If you file for Chapter 7 bankruptcy in South Carolina, you can usually keep your house and/or your car if you continue to make your monthly payments on time, and as long as there is no equity in your property above the exemption amount. ...
— How will I know when I need to file bankruptcy? — How long does a bankruptcy case take? — Do I need a lawyer to file for bankruptcy? — Which debts are not discharged by bankruptcy? — What property will I lose and what will I get to keep?
Chapter 7 Bankruptcy is a Good Option When financial hardships have made it impossible to pay normal monthly bills, many people choose to bury their heads in the sand over the situation because they are frightened and frustrated and have no idea how to stop the inevitable. Debt collectors may...
In a chapter 7 case, the bankruptcy trustee gathers and sells the debtor’s nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code. Part of the debtor’s property may be subject to liens and ...
How can I obtain a proof of income for a rental application? byjustbroke 01-25-2024, 05:06 AM Before the Discharge General Bankruptcy Talk Bankruptcy discussions that don't fit in existing subcategories 12,99496,677 My 3 year update since CH7 Discharge. ...
Lincoln was hardly alone. Celebrated figures like Walt Disney, Henry Ford, Milton Hershey, and Donald Trump also declared bankruptcy before they rebounded. That doesn't mean you will, too, however. In fact, the best bankruptcy strategy is to avoid one at all costs. Unless, that is, you ...
Chapter 7 bankruptcy may be the best and quickest path to a fresh start for many seeking the protection of bankruptcy in San Jose. Contact us today for a free bankruptcy consultation!