Last year I had some financial difficulties and I couldn't pay off my debt. The uncertainty of my financial future was adding to my already stressful life. After months of worry, I finally decided to contact a bankruptcy attorney. After discussing my options with the attorney, I decided to file bankruptcy. My name is Kyle Diggler and if you're struggling with debt and considering bankruptcy, I'm here to help you. I'm not an expert, but I want to share my story and my experience of filing bankruptcy with others who are in a similar situation. As you read my blog, you'll learn all about the bankruptcy process so that you'll know what to expect. I'll also share some tips to help you start your life over financially. I hope that my blog answers all the questions you have about filing bankruptcy.
There are several advantages to Chapter 13 bankruptcy, including the ability to save secured assets and t
When you are dealing with a lot of debt, it can be hard to know where to turn. Filing for bankruptcy seem
Chapter 7 bankruptcy is something that many people consider. It can be a way to help you with your past d
Are you having problems with your finances? If so, is it because you have too much debt? When people have
Sometimes parents hesitate to file chapter 7 bankruptcy because they're afraid the court will take their
Chapter 7 bankruptcy is something that many people consider. It can be a way to help you with your past debts or it can help when you become too far behind your bills and end up in debt. For this type of bankruptcy, you will be meeting with a lawyer and working with the court system to have your debts placed under chapter 7. The first step to this process is to meet the eligibility requirements for not only you, but also for your debts. Here are a few of those requirements and what you should know.
Individual Requirements
There are certain situations that would prohibit you, as an individual, from filing for chapter 7. One of the major issues that could stop you from filing for bankruptcy deals with the 180 days leading up to your current bankruptcy. If you have attempted to file with the courts within the past 180 days and you did not appear in court, you may not be able to file again. This is especially true if the bankruptcy was canceled due to failure to appear for your court date. If you have not filed for bankruptcy in the past 180 days prior to your current attempt, you will likely be able to proceed.
Credit Counseling
One of the steps towards the chapter 7 process is credit counseling. This is a step you must take before you can move forward with the bankruptcy process. The credit counseling meeting is to inform you of all your options for your debts. It may also touch on trying to prepare better payment plans or determine if anything can be done to lower your debts. In some cases, chapter 7 may be your only option and you can proceed. You will need to sign off that you were in a credit counseling program and that you understand the different steps discussed during the counseling session.
Corporations and Businesses
In some cases, you may be a business owner or part of a corporation. The only debts that can be placed under chapter 7 in this situation are your own. If there is a debt that is related to a corporation you are an owner of, it will not be included in the bankruptcy. This is a step in the process that both your lawyer and the credit counselors will discuss with you. They will also discuss which debts can be covered and which debts can not.
If you feel you meet the eligibility for chapter 7 bankruptcy law, contact your local law office. A consultation appointment can be scheduled. During that appointment, you can discuss your situation with the lawyers. A lawyer can help you determine if chapter 7 is an option for you and what you need to do to start the process. Reach out to a chapter 7 bankruptcy lawyer near you to learn more.
Share