Chapter 7

Aggressive Collection Practices of Chapter 7 & 11 Trustee

Call: 888-297-6203 The trustee’s compensation (chapter 7 & 11) is determined to be 25% of the first $5,000, 10% from $5,000 - $50,000, 5% from $50,000 - $1,000,000 and 3% of any turned over monies in a bankruptcy case, under 11 USC 326(a). Consequently, the trustees collect all of the debtor’s property with zest. In bankruptcy, the debtor lists all the property he or she claims to be exempt. The trustee must then object (with measurable facts) to these claims within 30 days, otherwise, the claims stand. Usually, the trustee states his disagreement with the assigned value of [...]

2019-11-12T12:34:27+00:00

Can You File for Bankruptcy After Receiving Chapter 7 Discharge?

Call: 888-297-6203 You can definitely file for bankruptcy again, even after receiving a Chapter 7 discharge. However, you will have to adhere to some specific time limits. After filing a Chapter 7 bankruptcy and receiving a discharge, you will have to obey the following time limits: You will have to wait for 8 years from the date of filing of your first Chapter 7 bankruptcy before filing another Chapter 7 bankruptcy. You can apply for Chapter 13 bankruptcy immediately. You will receive a Chapter 13 discharge, only if, you will file for it 4 years after the date [...]

2019-10-25T08:14:24+00:00

Know Everything About Chapter 7 Means Test

Call: 888-297-6203 Are you looking for a way to get rid of your debts and start your financial life afresh? In this case, Dallas based law firm Recovery Law Group lawyers say, bankruptcy is the best way to do this. Individual debtors have the option of choosing from chapter 7 or chapter 13. Chapter 7 gives you a faster discharge of unsecured debts, however, you need to qualify for it, as it is meant to provide a fresh start for people with little to no income. Experienced bankruptcy attorneys at 888-297-6023 can help you find out whether Chapter [...]

2019-10-18T08:13:51+00:00

Is Bankruptcy an Answer to Debt Relief?

A disability may occur to anyone at any point in time, but the gaping fact is the treatment. The treatment of a person may be quite expensive. The person may not have enough and may have to take loans to get treated. The loan could mount unreasonably making it difficult for the person to clear it off. Getting a disability benefit may help him swing through the daily chores but will not help him clear the loans. With disability, the person cannot be employed for gainful income and hence is left with little or no resources to clear [...]

2019-08-22T12:19:55+00:00