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The Role of a Bankruptcy Attorney: Everything You Need to Know

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Bankruptcy is a difficult time for anyone, and it can be hard to know where to turn for help. That’s where a bankruptcy attorney comes in. These legal professionals are experts in the ins and outs of bankruptcy law, and they can help you navigate the complex process with ease. In this blog post, we’ll be discussing the role of a bankruptcy attorney, what they can do to help you, and how to find the right one for your needs.…

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When Facing Foreclosure: How A Bankruptcy Lawyer Can Help

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If you are behind on your mortgage payments and buried under a mountain of debt, it’s time to talk to a bankruptcy attorney about your options. When you are a homeowner, you don’t have to lose your home because you got behind a few months on your mortgage. Bankruptcy can be filed to stop any foreclosure proceedings and is a way to restructure your debt in order to keep your home.…

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How A Bankruptcy Attorney Can Assist You In Handling Your Trustee

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When you are filing for Chapter 7 bankruptcy, one of the most important individuals you’ll work with is your trustee. It’s important to work with a Chapter 7 bankruptcy attorney as soon as possible so you can receive advice on how to work with your bankruptcy trustee and how to move forward with your bankruptcy. The Trustee Plays an Important Role in Your Bankruptcy You will need a trustee to manage the estate of your bankruptcy.…

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Is Chapter 13 Bankruptcy a Good Option for Self-Employed Folks?

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Filing Chapter 13 bankruptcy is a financially safe and effective way to consolidate your bills and pay them off without racking up tons of interest or risk having important assets repossessed. However, as a self-employed person, here are two things you need to factor into your decision to file this type of bankruptcy to ensure it’s right for you. Do You Have the Paperwork to Prove Your Income? You do not have to pass a means test to file Chapter 13 bankruptcy.…

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How A Chapter 13 Repayment Plan Works

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If you owe money to numerous creditors and feel overwhelmed with your debt load, you might want to consider filing for Chapter 13 bankruptcy. Chapter 13 provides a way to lump your debts into one, and you complete the case in three to five years. When using Chapter 13, you will have a repayment plan to follow, and here is an explanation of how this works. Your Attorney Analyzes Your Debts and Income…

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What Happens To Debt In A Chapter 7 Bankruptcy Case?

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The purpose of using bankruptcy is to receive relief from your debt, but bankruptcy does not merely erase every debt you have. If you are eligible to use Chapter 7, you will receive some debt forgiveness through your case, but it will not eliminate every debt. Here is an explanation of what happens to your debt if you use Chapter 7. Your Lawyer Analyzes Your Debts Before You File The first step in a Chapter 7 case is determining if this branch would offer the relief you need.…

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The Main Schedules Required In A Bankruptcy Case

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One of the reasons it is never a good idea to file bankruptcy through a do-it-yourself plan is due to the overwhelming amount of paperwork needed for a bankruptcy case. In a bankruptcy case, there are so many different documents you must complete, and you must complete each necessary one and fill each out accurately and thoroughly. Among the documents you will fill out, here are some of the main schedules a bankruptcy case requires.…

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Can You Make Support Payments Part Of Your Bankruptcy?

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When debts pile up, bankruptcy could be the answer. When it comes to domestic support issues like spousal support (or alimony) and child support, you might still be stuck with them no matter what. That does not mean, however, that bankruptcy won’t affect domestic support debts. Read on to find out more. Court Orders Supersede Bankruptcy Child support and alimony orders are not affected by your bankruptcy filing. If you owe a monthly obligation, you must continue to make those payments throughout the bankruptcy period and beyond.…

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What The Automatic Stay In Chapter 7 Bankruptcy Involves

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If you have met with a lawyer to discuss your debt situation and found out that you qualify for Chapter 7, one important thing you should understand about this is the automatic stay you will receive when you file. Knowing and understanding what this involves is important in your case, and here are a few things that you should know about the automatic stay. It is a court order An automatic stay is something that everyone receives when filing for Chapter 7 bankruptcy, and it is also something that people receive when using Chapter 13 bankruptcy.…

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Why Filing For Chapter 7 Makes Paying Off Bills So Much Easier

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There are definitely some major consequences of filing for Chapter 7 bankruptcy, but there are also a lot of benefits, and one of the main benefits you may discover is that filing for Chapter 7 makes it so much easier to pay your bills. You may not notice this until you file your documents with the bankruptcy court, but you will likely see shortly after this how much easier it is for you to pay your bills and live your life.…

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