Am I Eligible for a Waiver of the Chapter 7 Filing Fee Many may wonder am I eligible for a waiver of the chapter 7 filing fee especially when it pertains to a bankruptcy situation due to a bad credit obtained overtime causing you to go to such an extreme measure. Bankruptcy is a difficult …
Tag Archive: chapter 7 bankruptcy
Feb
16
Filing Chapter 7 Bankruptcy: A Procedural Overview
Chapter 7 bankruptcy is a liquidation proceeding. If you have some non-exempt assets, they’re sold by the Chapter 7 trustee and the proceeds are dispersed to your creditors according to the priorities established in the Bankruptcy Code. In nearly all consumer cases, all assets are exempt. There are, therefore, no assets to liquidate and no …
Feb
12
The New Bankruptcy Laws Introduce New Challenges
The New Bankruptcy Laws Make it More Challenging to File Chapter 7 Bankruptcy The most recent modifications to bankruptcy laws might cause it to be more difficult for you to file bankruptcy. If you’re in a higher income bracket you’ll no longer be permitted to utilize Chapter 7 bankruptcy. Instead, you’ll be required to file …
Feb
05
Is Bankruptcy the Appropriate Choice for You?
Current economic circumstances are causing a lot of people who have never before considered filing bankruptcy to now look at it as a possible answer to their financial difficulties. The problem is that not everyone can be assisted by filing bankruptcy. So, if you’re one of those individuals who has never, until recently, given thought …
Nov
08
Enter Bankruptcy Protection
Enter Bankruptcy Protection A hard financial crisis where your debt load extends beyond your ability to handle it is a real tough topic that you are presently dealing with. Do those pesky opinions of perhaps desiring to enter banruptcy protection? Does this sound comparable to a gut wrenching experience that you are either experiencing or …