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Category Archives: Chapter 7

Find information on Chapter 7 bankruptcy. Chapter 7 bankruptcy is the most common type of bankruptcy for consumer debt. Filing for Chapter 7 requires qualifying under the income and asset limits set by the bankruptcy court. Although we provide helpful articles on Chapter 7, these articles are in no way legal advice. Legal advice can be provided by our attorney who can be reached at 855 257-7671.

Chapter 7 Requirements

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When considering a Chapter 7 bankruptcy, you may wonder what information you need to provide to get a Chapter 7 filed. Maybe you haven’t kept good files or records of your finances. You might imagine that the required paperwork could be too much for you to handle. The surprising fact is that the Chapter 7 Continue Reading

How a Bankruptcy Lawyer Can Use Chapter 7 To Stop Foreclosure

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Below is a presentation that describes the process of how Bankruptcy Law Professionals can utilize Chapter 7 bankruptcy as your bankruptcy lawyer to stop a foreclosure sale. A Chapter 7 bankruptcy will eliminate your unsecured debts and will also halt all collections activities. A foreclosure is considered a collection activity by the bank, lender, or Continue Reading

A Closer Look At Chapter 7 Bankruptcy

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Chapter 7 bankruptcy is also sometimes known as “liquidation” bankruptcy. Most or all of your debts are cancelled and your non-exempt property is sold, or liquidated, to satisfy some of the debt you owe to creditors. Many people who file Chapter 7 bankruptcy do keep all of their property but it can be completely dependent Continue Reading

Pay-day Loans Can Be Eligible for Discharge in a Chapter 7 Bankruptcy

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This is a quick reminder that most payday loans or cash advance loans can be discharged in Chapter 7 bankruptcy if they are not secured by an asset and if you qualify for Chapter 7 bankruptcy. Many pay-day loans have been considered as predatory lending due to the interest rates that pay-day loan companies charge. Continue Reading

Debt Limits for Chapter 7 Bankruptcy

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In a Chapter 7 bankruptcy, there are no guidelines or limits to the debt amounts included in a Chapter 7 bankruptcy petition. If you are considering bankruptcy as a potential solution to your debt issues, you may at some point have asked yourself these questions: 1. Do I have enough debt for bankruptcy? 2. Do Continue Reading

When Can You File Bankruptcy Again After You Have Filed in the Past?

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Bankruptcy has a fixed schedule of events after your bankruptcy has been filed and discharged in the past. Many who have a bankruptcy filing in their past may be looking to file bankruptcy again after this historic recession we are continuing to recover from. There was a large number of filings in 2005 when the Continue Reading

Chapter 7 Bankruptcy Protection Can Postpone Foreclosure

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This week, we have already helped several clients postpone their foreclosure proceedings with Chapter 7 bankruptcy protection. Bankruptcy protection is a proven solution to postpone foreclosures. If you have an upcoming sale date, a Chapter 7 may be the best solution to postpone the trustee sale to a later date. When you are not ready Continue Reading