Exploring Car Loans, Bankruptcy and Debt Discharge

Is Your Bankruptcy over after the Discharge?

Posted by on Jun 25th, 2015 in Uncategorized | Comments Off on Is Your Bankruptcy over after the Discharge?

It can take months from the time you first file for bankruptcy until the case is closed. In that period, you could face a number of legal issues, depending on your particular financial situation. If you have filed and are waiting for the official close of your bankruptcy, here is what you need to know.  Is Your Case Closed after the Discharge? The discharge typically occurs after your trustee has a chance to review your assets and debts and steps are taken to reduce the amount of debt that is owed to your creditors. When you receive the...

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Now Is the Time to File for Bankruptcy

Posted by on Jun 1st, 2015 in Uncategorized | Comments Off on Now Is the Time to File for Bankruptcy

If you’re considering filing for bankruptcy, do it now and start getting the benefits. You’re tired of receiving calls and notices from creditors and bill collectors. Give yourself a break from that and get in touch with a bankruptcy attorney. They will walk you through the steps and you’ll start feeling some relief. Here are some good reasons to stop waiting and file right now. You Can Stop Worrying about the Actual Filing If the legal process of a bankruptcy has you anxious, you can relax. Your attorney and their staff...

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Automactic stays: What they can and cannot do for you

Posted by on May 20th, 2015 in Uncategorized | Comments Off on Automactic stays: What they can and cannot do for you

While many people see bankruptcy as a careless disregard for financial responsibility, in reality it is more an act of sheer desperation. This is not a decision to be taken lightly, and you are likely in dire straits to consider bankruptcy as a solution. Being threatened with the loss of basic human necessities such as housing, home heating and transportation can be a major motivational factor for filing bankruptcy.  Bankruptcy is the hoped-for relief when you are about to lose almost everything, and an efficient and effective...

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Deeply In Debt? 4 Reasons You Should Hire An Attorney Before Filing For Bankruptcy

Posted by on Apr 20th, 2015 in Uncategorized | 0 comments

Filing for bankruptcy may seem like a pretty easy task. You fill out a few forms, submit them to the courts, and then your debts are forgiven. Unfortunately, it’s not quite that simple. The bankruptcy laws have changed so much that filing without an attorney can end up costing you dearly. Here are just a few of the reasons why filing for bankruptcy without an attorney may be a big mistake. No One to Speak On Your Behalf In the bankruptcy court, which operates at a federal level, have a responsibility to protect the creditor. In fact,...

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Ask Your Trustee To Extend Your Payment Plan When Your Car Breaks Down

Posted by on Mar 31st, 2015 in Uncategorized | 0 comments

The terms of a chapter 13 bankruptcy agreement will have a strict repayment schedule that you’ll need to adhere to, and they’ll have potentially severe consequences should you fail to make your required monthly payments. Making each payment can be difficult, however, especially when you face an unexpected expense, like a major car repair. There may be hope, despite what the terms of your bankruptcy state, however. If your automobile breaks down and you won’t be able to pay your creditors, talk with your trustee and see if...

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3 Things To Know About Filing For Chapter 13 Bankruptcy

Posted by on Mar 25th, 2015 in Uncategorized | 0 comments

If you want to adjust the amount of your loan by restructuring it, one way to do so is with a Chapter 13 bankruptcy. There are many benefits to selecting this type of legal status to make changes in any loans that you currently owe. It is critical to your success to know certain things about what this bankruptcy is and what is involved in the filing process. What is Chapter 13 Bankruptcy? This type of bankruptcy is referred to as the wage earner bankruptcy because you must be employed to qualify for it. When completing the paperwork, it is...

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Should You File For Chapter 13 Bankruptcy Instead?

Posted by on Mar 20th, 2015 in Uncategorized | 0 comments

In some instances, filing for a Chapter 13 bankruptcy makes more financial sense than filing for a Chapter 7. There are many factors that dictate which filing is available to you, but sometimes, you have more than one option. Here are some situations in which a Chapter 13 filing might be best.  You Want to Repay Your Creditors If you have a personal desire to repay your creditors instead of having the debts discharged, a Chapter 13 is the best option. The bankruptcy would help protect you from financial consequences from your creditors...

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Four Steps To Take When Potential Employers Check Your Credit

Posted by on Mar 13th, 2015 in Uncategorized | 0 comments

You applied for the perfect job and the employer even called you in for an interview. Everything was going along swimmingly until the hiring manager mentioned the next steps, including a check of your credit. Increasingly more employers are performing credit checks in addition to traditional background checks on potential new hires. In some cases, the employees may be required to handle money directly or even indirectly. In other situations, employers may look at credit history as an indicator of responsibility, integrity and reliability–or a...

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Is Surrendering Your Home In Bankruptcy A Good Move?

Posted by on Mar 10th, 2015 in Uncategorized | 0 comments

Surrendering your home is an option if you plan to file for Chapter 7 bankruptcy. There are various reasons and benefits for taking this action. Before you make a decision as to whether or not surrendering your home is best for you, consider the following. What Is Surrendering Your Home? The loan that you have from your mortgage lender is considered to be secured debt. This basically means that your lender has a lien against the home until you have completely paid off your mortgage loan. If you fail to meet your financial obligation to the...

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5 Things A Chapter 7 Bankruptcy Can’t Do

Posted by on Mar 5th, 2015 in Uncategorized | 0 comments

Being in a financial bind can create a great deal of stress in your life. If you are suffering a job loss or a significant change in your income, you may need to consider filing for a Chapter 7 bankruptcy. Being able to achieve this legal status may help you get many of your debts discharged. However, it is   equally important to know what this type of bankruptcy won’t achieve for you. Student Loans If you borrowed money to obtain your education, you will be responsible for paying this back. Regardless if you can obtain the...

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