Chapter 13 Bankruptcy

Call: 888-297-6203 Bankruptcy puts an end to collection calls, litigation, and wage garnishments. It also discharges debt. And, contrary to popular belief, bankruptcy may improve your credit score. According to credit agencies and scoring specialists, bankruptcy is the single worst thing you can do to your credit ratings. Foreclosures, repossessions, charge-offs, and collections – nothing may lower your credit score as quickly and as far as a bankruptcy. How quickly and by how much credit scores may increase? Researchers at the Federal Reserve Bank of Philadelphia discovered that filers' Equifax credit ratings plummeted in the 18 months before [...]

Call: 888-297-6203 No matter whether Chapter 7 bankruptcy is far good as compared to Chapter 12 bankruptcy, but it is not suitable for everyone. One of the swift and most constructive ways to find relief from debt is bankruptcy. The individual assets and commercial goals completely depend on the consumers who will either choose chapter 13 or chapter 7 bankruptcy. This is detailed information to clearly note the difference between the two bankruptcies. Bankruptcy will always be the best option if you are facing any of the below: Your monthly consumer debt repayments are more than half of [...]

Call: 888-297-6203 A legal option for helping individuals and corporations deal with excessive debt is bankruptcy. It's a difficult procedure that is best handled with an attorney's help. The two most popular bankruptcy chapters for individuals are Chapters 7 and 13, although Chapter 11 is more frequently utilized for organizations. If your total non-mortgage debt exceeds 40% of your income and your repayment options are uncertain, bankruptcy may make sense. Although bankruptcy will damage your credit and follow you for years, you may start to improve it in as little as a few months. What is bankruptcy? People [...]

Call: 888-297-6203 In your entire life, you can more than once drown in immense debt. Though you might have filed for bankruptcy once does not mean you cannot file another one. You can rebuild your credit but sometimes filing for another bankruptcy might just help the situation. There is no limit to filing for bankruptcy but if you had a debt discharged in the first one then there is a waiting period between the two based on when you filed the previous one. Before filing again, you will first have to answer these questions - Did your previous [...]

Call: 888-297-6203 Under many circumstance many times, you fail to make payments on time and pass the due date consecutively for a couple of months, then under this circumstances filing for bankruptcy may be the only viable option left. Alternatively, you can also for IRS payment plan. If you are planning to file for bankruptcy as in individual, filing under chapter 13 is common and feasible option. But before you file under this chapter, you must take care of the following things- All your previous and pending tax returns are filed for at least last 4 years before [...]

Call: 888-297-6203 Chapter 13 bankruptcy is only available to those who have a regular income, have filed all required tax returns for tax periods ending within 4 years of a bankruptcy filing and other requirements set by the bankruptcy code should be met by the individual. People like an employee with regular income, a sole proprietor (one-person businesses), and/or self-employed can file for chapter 13 bankruptcy. Bankruptcy is filed to get a fresh start and get rid of debts. To take full advantage of the bankruptcy laws, it is necessary to see that you don't keep adding to [...]

Call: 888-297-6203 If you have a stable source of income, filing for bankruptcy under chapter 13 should be your best bet. This way, you can get rid of all your debts without having the fear of foreclosing your property. Under chapter 13, you get to catch up on all your arrears by repaying your debts within a time period of 3-5 years. That is why, this is one of the most preferred ways for most filers. As scary as filing for bankruptcy may be, chapter 13 is considered a safe bet. No doubt that your credit score will [...]

Call: 888-297-6203 Chapter 13 is an interesting option facilitated with bankruptcy that allows filers to repay their debt as per a practical payment plan that could last up to 5 years. The program requires consistent income and a good amount of disposable income to be able to accommodate the expenses that could be incurred due to the 3-5 years payment plan. Know more about chapter 13 and bankruptcy in general at https://www.recoverylawgroup.com/bankruptcy/. Features of chapter 13 bankruptcy in a nutshell Consistent income with some disposable income is mandatory The filer should be up to date with tax returns [...]