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You may have heard that Chapter 7 is a more effective bankruptcy option than Chapter 13. Many people have that impression about debt relief, but it’s not necessarily true. Chapter 7 can sound like a better deal because qualifying debt gets eliminated…
The insecurity you feel when you file for bankruptcy can be paralyzing. Yet, once you have successfully completed the case, it’s important that you move on to the next chapter in your life. Completing a bankruptcy case is already a…
Filing bankruptcy without a bankruptcy attorney involves risk. The decision can affect the court’s rulings and your long-term financial health. In the state of Ohio, whether or not you have an attorney, the court expects you to follow the bankruptcy…
If you are considering filing for Chapter 7 or Chapter 13 bankruptcy, the first step is to meet with an experienced bankruptcy attorney. This initial consultation serves to understand better your financial situation and begin to plan the way towards…
Bankruptcy trustees understand that everyone’s financial situation is different. That’s why the requirements for completing a Chapter 13 repayment plan are specific to each individual who files. The “best effort” requirement demands that each debtor tries as hard as possible…
In most cases, reasonable 401(k) and other retirement plan contributions can be continued depending on whether you are capable of meeting your statutory obligations while contributing to your retirement plan. What Are the Advantages of Filing for Chapter 13 Bankruptcy?…
In Chapter 7 and Chapter 13 bankruptcy cases, different types of debt are handled in different ways. Although child support cannot be discharged by completing the bankruptcy repayment plan, it may successfully help you catch up on payments. Below we…
Good question. Chapter 7 bankruptcy is designed to decrease debt by liquidating assets to pay off creditors. In reality, though, you have some options and exemptions which ensure that you aren’t left with nothing. Chapter 7 bankruptcy works by selling…
While it is possible to file for divorce and bankruptcy at the same time, it can create unnecessary delays and complications in both matters. Which you should file first — bankruptcy or divorce — depends on your particular circumstances. But…
Bankruptcy options can be very confusing for debtors. The first question that most people who are dealing with overwhelming debt must address is eligibility for bankruptcy. If you are drowning in debt, with late fees, interest and bills piling up,…