If you are considering filing for Chapter 7 bankruptcy, you might be confused about exemptions. For many filers, the issue of exemptions brings up fears of losing personal property to the bankruptcy trustee. In most cases, most filers lose little to no property when they file because their property is protected by exemptions. Read and find out more. What Filers Should Know You should file bankruptcy in your state of residence since each state has its own idea of what exemptions are available to filers.
Whether it's suffering a sudden collision while driving a car or slipping and falling at your place of employment, accidents are an unfortunate fact of life. In the wake of a particularly serious accident, many people choose to file personal injury claims. In doing so, they formally accuse a third party of negligence and request to be compensated appropriately. While this is something some may try to pursue on their own, there are numerous advantages to having a personal injury lawyer assist you along the way.
Chapter 13 bankruptcy can be a great benefit for many debtors, but it's a more complex process than a simple Chapter 7 (liquidation) bankruptcy. Because the repayment plan for Chapter 13 can routinely last three to five years, you need a plan to successfully manage it for the long term. Here are five tips to help you do just that. 1. Create a Support Network A support system is a must-have for the next few years.
A chapter 7 bankruptcy filing is a big deal, and it pays to understand the full ramifications. One thing most filers get unnecessarily worried about, though, is unworthy of a single sleepless night. Read on and find out what happens at the creditor's meeting. The official name of this meeting is the 341 meeting, so named after the bankruptcy code number. It is usually held a few weeks after you file, and you will be sent notice of it by mail.
Filing for chapter 7 bankruptcy is a big move and one that should be made only after careful consideration. One primary area of concern is how much of your debt can be eliminated with a filing. After all, if you are to make the most of the filing at your bankruptcy law firm, it pays to know what can be included. Tax debts are one of those confusing areas when it comes to what can and what cannot be forgiven with a chapter 7 filing.