Tag Archives: Chapter 7 bankruptcy
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If you are considering bankruptcy, you may be wondering what types of fees you will be required to pay in order to file Chapter 13 or Chapter 7 bankruptcy. The amount of money you pay greatly depends on the type of bankruptcy you choose and the complexity of your case. The first cost is the… Read More »
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In short, YES. Filing a bankruptcy, whether it be Chapter 7 or Chapter 13, will stop the foreclosure process. However, filing a Chapter 7 bankruptcy may not stop the process permanently. When a Chapter 7 bankruptcy is filed, an “automatic stay” goes into effect. This “stay” stops, or at least temporarily prevents collection actions against… Read More »
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This is one of the questions I’m asked frequently when I meet with an individual about their financial problems. The answer is always, “No, except as a final option and only if you can’t find another alternative that will work for you.” Unfortunately, for most people there isn’t another good solution. The prospective client will… Read More »