Discovering the Differences Between Chapter 7 v Chapter 13 Bankruptcy
Bankruptcy is a legal remedy designed to provide debt relief to individuals or businesses who are unable to repay their outstanding debts. The goal of both Chapter 7 and Chapter 13 bankruptcy is to give the debtor a financial fresh start. How each chapter gets the debtor there, however, is different. It’s important to what’s […]
KEEP READING . . .Can I get a car loan after chapter 7 bankruptcy?
For many people that file bankruptcy, one of their most valuable assets is their car. Not just because of the cost and value of a car, but also because it’s how they get around, get to work, get their children to daycare or school. Some people have been unable to get a car because of […]
KEEP READING . . .Is Filing Bankruptcy Bad?
In almost all of the conversations I have with people about bankruptcy, the overriding sentiment is that the bankruptcy process is a bad and embarrassing thing, and should only be an option when someone has hit rockbottom. When you speak with people who have obtained their bankruptcy discharge, they are likely to share that the […]
KEEP READING . . .What Questions You Should Ask New York City Bankruptcy Attorneys?
If you’re struggling under debt, it’s hard enough to figure out where you should turn to for relief. Fortunately, for many people, one of the best solutions is a bankruptcy. Even if you think that filing bankruptcy is right for you, it’s hard to know what questions you should be asking a bankruptcy attorney about […]
KEEP READING . . .Does Bankruptcy Clear Tax Debt?
Bankruptcy is often a great option for people who are seeking debt relief. Not every debt, however, gets discharged in a bankruptcy case, and there is a lot of confusion around how bankruptcy affects income tax debt. There are many cases in which people cannot pay their income tax debt, and in this article we […]
KEEP READING . . .What is the Income Limit for Filing Chapter 7 Bankruptcy?
For many individuals that want to get out of debt, Chapter 7 bankruptcy may be the best option. The main benefit of filing for bankruptcy relief is the financial fresh start that a debtor receives with their bankruptcy discharge. Before you can file your case and get your discharge, however, there are a few things […]
KEEP READING . . .Why Hire New York City Bankruptcy Lawyers to File for Chapter 7 Bankruptcy?
The recent economic challenges have affected many New Yorkers to the point of filing for bankruptcy. The city has some of the highest taxes in the world, and with the real estate market in a down turn, it’s hard for people to make ends meet. If you are living and struggling under debt, you may […]
KEEP READING . . .How Long Does Chapter 7 Stay on Credit Report?
Have you recently pulled an Experian, TransUnion, or Equifax credit report and realized you need serious help with debt? If you’re buried in bills, Chapter 7 bankruptcy may be the clean slate you need. It wipes out most unsecured debts so you can stop worrying about balances you can’t pay and start rebuilding.
KEEP READING . . .