Category Archives: Bankruptcy
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Most people who file for bankruptcy relief do so to get rid of their debts. This discharge of their debts allows them to start over financially. However, most clients who visit our office do not know which debts are dischargeable and which may remain after their case is over. These debts that may remain after… Read More »
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The form used for ” means” testing in Chapter 7 cases is nine pages long! It may surprise you to learn that not everyone who files a Chapter 7 case is required to provide the information for each line or each page of the form. Due to policy considerations, some persons such as disabled veterans are eligible to… 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 »