Auto Loans in Bankruptcy - Can You Keep Your Vehicle?
One of the biggest worries individuals facing bankruptcy have before beginning the process is what property they will lose. Will they lose their home or their cars? This is one of the biggest misconceptions and common bankruptcy myths. In fact, many of our clients are able to keep the majority of their possessions when they file for bankruptcy. It is very likely you will be able to keep certain pieces of property, including your vehicle when you file for bankruptcy.
The Cost of Bankruptcy and How to Pay for It
If someone is considering filing for bankruptcy, the odds are he or she may have trouble coming up with the money to pay for bankruptcy or hire an attorney to help him or her file. It is important to know what to expect before filing for bankruptcy and the costs associated with it.
The Dangers of Debt Settlement and Debt Relief Companies
The saying goes that if it sounds too good to be true, it often is. This sentiment could not be truer than with debt settlement and debt relief companies. If someone is facing debt collection, he or she is likely to take any help that is offered. And these type companies know it; they prey on your vulnerability. Here are some facts about debt settlement and debt relief companies.
Is There a Limit to How Much Debt I Can Wipe Out in a Chapter 7 Bankruptcy?
Every bankruptcy situation is different. Many of our clients come into the process with enormous amounts of debt while others do not. Clients often ask us, is there a limit as to how much debt I can wipe out in a Chapter 7 bankruptcy?
Tips for Rebuilding Credit After Bankruptcy
Filing for bankruptcy allows you to press the restart button on your finances. Whether you filed for Chapter 7 bankruptcy (a simple and straightforward elimination of your unsecured debts) or a Chapter 13 bankruptcy (a structured repayment plan approved by the bankruptcy court), you can begin restoring your credit immediately after receiving your bankruptcy discharge.
Can I file for bankruptcy more than once?
Many people are surprised to learn that they can file for bankruptcy more than once. In fact, there are no limits placed on the number of times you can file for bankruptcy. However, there are limits that apply to how often you can receive a discharge of your debts in bankruptcy.
In this blog, we will explain the timing limitations for repeat bankruptcy filings, whether you can re-file for bankruptcy if your case was dismissed and why you might want to file for bankruptcy even if your debts cannot be discharged.
In my practice as an Orlando bankruptcy lawyer, I get this question in nearly every consultation in my office. The question is, “Can I get rid of my student loans in a bankruptcy?”. The answer is not so simple. It’s not yes and it’s not no. Lawyers love to say, “it depends.” In this case, that rings true.
Almost four million people who bought homes and took out home-equity lines of credit between 2005 through 2008 are about to go into the repayment period. Right now you may have just been paying intSomething Wicked This Way Comes – HELOC Reset Almost four million people who bought homes and took out home-equity lines of credit between 2005 through 2008 are about to go into the repayment period. Right now you may have just been paying interest only and it has been something you can manage. The repayment period includes interest AND principal and typically shoots the payment WAY UP.
Bankruptcy. You hear the word more and more these days. Whether it is Puerto Rico flirting with filing bankruptcy in an effort to reorganize their debts or the rapper 50 Cent filing bankruptcy to protect himself from creditors – bankruptcy is in. And you know what is out? Or at least slowly evaporating? The stigma of filing bankruptcy is nearly extinct. Historically bankruptcy was a word that carried shame and a connotation of failure. No more.
When you file bankruptcy, our office attends a Meeting of Creditors (341 Meeting) with you. We never hire outside counsel or a cover lawyer to attend. We appear with you. It is scheduled about 30 days after you file your bankruptcy. The hearing itself only lasts a couple of minutes. As each year that bankruptcy filings decrease, the trustees (court appointed people to review your estate) become stricter. Trustees receive a percentage of what is administered as their compensation.