Tag Archives: chapter 7
Happy New Year! Time to Get Rid of Debt
Here comes 2015. Still have debt hangover from the recession or loads of new debt from the holidays? In 2015, don’t focus on who to blame. Stay focused on how to solve the problem. There is no faster way to get rid of your debt and repair your credit score than filing for bankruptcy. Bankruptcy Continue Reading
Student Loans and Student Loan Debt Resolution Companies
Firms Popping Up For Student Loan Help Student loan debt is now up to about $1.2 trillion in outstanding debt in the United States. The 4 million people left with college debt are still looking for solutions and continue to be discouraged with a lack of available solutions or alternatives. Many have turned to the Continue Reading
ANNOUNCEMENT: $695 Chapter 7 Bankruptcy Services
Bankruptcy Law Professionals is now offering Chapter 7 services for a $695 attorney fee. Our $695 offering for Chapter 7 services is a flat rate to complete your Chapter 7 filing with an attorney fully represented through the course of the active bankruptcy until the discharge and closure of the file. Our competitive pricing does Continue Reading
How Will Bankruptcy Affect Your Family and People You Are Associated With?
Can a bankruptcy impact your family if you are the only one filing? Many people who are considering bankruptcy are interested in the impact of the bankruptcy to their immediate family or others who they may be associated with in business or acquaintance. The fact is that a bankruptcy filing can be done completely independently Continue Reading
What Happens While Your Bankruptcy Is “In Process”?
A bankruptcy attorney is always asked how long a bankruptcy will take to reach discharge and when the bankruptcy file will be closed. A Chapter 7 bankruptcy can take anywhere from a few months to several months depending on your situation, how your case is managed, and how fast the court system your are working Continue Reading
Chapter 7 and Chapter 13 Filing Fees Raised on June 1st, 2014
Beginning on June 1st, 2014, filing fees for bankruptcies will be raised. Here are the new and the previous rates: Chapter 7 bankruptcy: $335 (up from $ 306) Chapter 13 bankruptcy: $310 (up from $281) Chapter 12 bankruptcy: $275 (up from $246) This increase may not seem to be a large increase, but if you Continue Reading
Home Equity on the Rise in Orange County and Inland Empire! What does it mean for you?
It is great to see the real estate values of Orange County rise up 20 to 30% in the past year for our homeowners. Although this is great news, some homeowners will not be able to access the equity in their homes due to credit or debt issues. So, as your home value increases, you Continue Reading
A Charge Off Is a Bad Thing For Your Credit
If you are late on paying a debt payment for over 90 days, you may see a label on your debt as “charged off”. This type of “charge off” label on a debt is not a positive mark. Many people falsely believe that a charge off means the debt has been charged off of your Continue Reading
Can You File Bankruptcy If You Are Receiving a Tax Refund?
If you are worried about losing your tax refund because of a bankruptcy, don’t worry about it. It is not necessary to surrender your tax refund even if you are filing for bankruptcy. Your tax refund may stay in tact as long as you do not exceed the exemption limit for cash in a bank Continue Reading
Do I have Too Little Debt to File Bankruptcy?
How Much Debt Do You Need to File Bankruptcy? A Chapter 7 bankruptcy is the most common type of consumer bankruptcy to get rid of debt that you cannot afford to keep. Whether it is debt from medical treatment, credit card purchases, pay day loans, or left over debt from a repossession, a Chapter 7 Continue Reading