The first step to take when you are contemplating bankruptcy and you own some real estate.
The first step to take when you are contemplating bankruptcy and you own some real estate.
Can you keep your property through a Chapter 7 bankruptcy? The short answer to this question is: Maybe. It depends on your situation. This is what something called "exemptions" are for. The way I explain it to clients is this: When you file for bankruptcy, something called ...
Bankruptcy filers who would like to rebuild their credit are justifiably concerned about how long a bankruptcy can appear on their credit report. The answer is that bankruptcy information can stay on your report for 10 years. Most other types of negative information can be reported for 7 years. Usually, a Chapter 7 stays on a ...
Many people who call are concerned about their eligibility for a Chapter 7 bankruptcy and wonder if their level of debt will allow them to file for bankruptcy. The answer is that there is no minimum debt amount required to file a Chapter 7 bankruptcy. A more important issue is whether you earn enough income ...
Once a Chapter 7 bankruptcy is filed, it takes a day or two to receive notice of the date and time for the meeting of creditors, which is generally scheduled two to three weeks away from the filing date. Once the meeting of creditors takes place and assuming there are no complicating factors in ...
