It might seem a bit ‘difficult to choose between Chapter 7 and Chapter 13, when the bankruptcy. It is therefore necessary to understand and to separate the two bankruptcy filing is the only way you’ll end up making the right choice. Above all, you should ask yourself, what is the ultimate goal of declaring bankruptcy? [...]
If you are looking for bankruptcy chapter 7 exemptions, there are certainly some very important facts you need o know in order to achieve this. Very simply, a chapter 7 exemption are simply assets you get to keep when filing for chapter 7 bankruptcy. Chapter 7, unlike 11 and 13, forces you to [...] View [...]
It is important to make smart financial decisions throughout their lives, because the economy is very unpredictable. If you are interested in investing in risky businesses in the hope some of the big payouts, is suitable as long as you know your debt to cover. Never more than that, you lose. If you feel like [...]
I have a PC that filed Bankruptcy a chapter 13 petition to stop the foreclosure of her 5 properties, 1 of which was about to be auctioned off. That has been canceled for now. Well, she quit claimed (if you can add someone to a title by doing this) her property to add another person [...]
All prepetition liens must be satisfied before the trustee gets anything. That makes it more likely that you will choose the federal exemptions, especially considering the current state of the mortgage market, because the trustee would have to sell the house, cover all closing costs and sale expenses, pay off the mortgage, pay off the [...]
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