Currently Browsing:Chapter 13

Bankruptcy Repayment plan normally last 36-60 months

Do I have to do anything before filing for bankruptcy relief?

Yes. The current bankruptcy law requires that a debtor wanting to file for bankruptcy protection must obtain credit counseling prior to filing a case. The credit counseling must be completed within six months prior to the date the case is filed. Debtors must receive the credit counseling only from those agencies that have been approved by their

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How much does a Chapter 13 bankruptcy cost?

The fee paid to the United States Bankruptcy Court for filing a Chapter 13 case is presently $310.00, Attorney Fees for Chapter 13 in Northern district of Georgia,  can vary but are normally set  around  $4000.00 for first filing although few law firms actually provide this information on website, in fact many people filing chapter

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Chapter 13 BANKRUPTCY

Chapter 13 – This chapter of the Bankruptcy Code provides for adjustment of debts of an individual with regular income. Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years. Background A chapter 13 bankruptcy is also called a wage earner’s plan. It enables individuals with regular

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Should You File for Bankruptcy?

  Bankruptcy,  Right Choice?  The decision to file for bankruptcy should never be taken lightly. You will be committing to a complicated process that will negatively affect your credit for years. However, for some consumers, bankruptcy is a necessary and even beneficial ordeal.   So, is a bankruptcy filing necessary for your situation? And which

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THE BEST WAY TO SOLVE YOUR LOAN PROBLEMS

Call us before you file Chapter 13!. If you are currently in a Chapter 13 Bankruptcy and paying large mortgage arrears in your Chapter 13 plan, we maybe still be we maybe able to lower your Chapter 13 plan payment , or allow you to get out of Chapter 13 totally. Find out way the

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Bankruptcy defined, What is a Bankruptcy?

The purpose of a bankruptcy is to protect you from adverse creditor action. With limited exception, the minute your attorney presses the “file case” button on his computer, you and your assets are protected by the bankruptcy law’s automatic stay. Because bankruptcy is a legal proceeding you will have to attend court (usually for a

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Clients seek Chapter 7 , 13 and Chapter 20 bankruptcy relief

FIRST client is 45 and single. His gross income last year was $98K, which is good. It reached $98K because of bonus. Without bonus, his gross income is $72K. This year started out for him with nothing to expect by way of bonus. So his last four months gross income was $6K a month, net

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Bankruptcy Glossary

341 MEETING A meeting required by law in all cases during which the debtor is questioned under oath by a trustee and creditors about his or her financial affairs. The debtor’s attendance is mandatory. ACQUISITION A Acquisition versioning arising in or related to a bankruptcy case. An adversary proceeding is started by filing a complaint

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Forensic loan audits no help in foreclosure

Forensic loan audits no help in foreclosure Posted on 30, Nov -0001 At 12:00 AM  Forensic loan audits no help in foreclosure Forensic loan audits no help in foreclosure Your home is facing foreclosure. You receive a “forensic loan audit” solicitation. The company asks you for upfront fees to conduct a forensic review of your

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