Jan 23
In a case of first impression, Lavie v.
Tags: Bankruptcy Proceeding, Chapter, Chapter 15
Dec 06
Chapter 13 bankruptcy filings, like Chapter 11 filings, involve a reorganization of an individual’s debt. Under this chapter, a person cannot get debt protection. They merely give debtors time to pay off their debts. The repayment period can take between three to five years.
When Might I Have to File for Chapter 13? A person must go through the means test. If he goes below the average median income he is eligible for this and Chapter 7. Chapter 7 is more common because it does allow people to discharge debts. A chapter 11 attorney can hep a person figure which type is right for him.
Homeowners who want to keep their property will file under Chapter 11 or Chapter 13. Bankruptcy proceedings prevent banks from foreclosing on homes, let owners keep their property, and most importantly, buys the homeowner time. Sometimes a person just needs more time to get back on his feet.
Please do not hesitate to contact us at one of our California offices by calling 1800.941.6730 for your debt resolution needs. You can receive a free consultation over the phone, or request a free in person appointment at a Sagaria Law office nearest you. P
Tags: Chapter, Chapter 13
Nov 27
If you are filing for Chapter 7 bankruptcy and thinking of hiring a lawyer, it is important to understand the benefits and negatives before making a final decision. With the importance of the outcome that filing Chapter 7, you will wish to ensure that it is handled properly.
Hiring a Chapter 7 attorney can give you peace in mind knowing that you have an individual on your side that has been through this process before. The filing process can be a difficult and confusing; with an attorney will be able to guide you through it. A professional can ensure that you qualify for a Chapter 7 bankruptcy as it has specific rules of eligibility. Not qualifying for Chapter 7 after filing delays the process as will have to wait for 180 days to file the proper bankruptcy papers.
The paperwork can be daunting and if not properly filled out harm you. With a Chapter 7 attorney, you are able to answer all the questions properly with guidance. A professional by your side during the trustee meetings can assist you with answering questions. If you answer a question in the wrong manner during this meeting, it will help you avoid mistakes. The only disadvantage to hiring an attorney to step you through the process is the cost.
Tags: Chapter, Chapter Attorney
Dec 29
If an aggressive creditor has threatened to attach or “garnish” your assets or income, your Chapter 7 case should be filed immediately.
Why? To take advantage of the protection from creditors that accompanies the filing of a Chapter 7 case. This advice also applies if a foreclosure action has been filed against your home – it may be necessary to file your case immediately in order to protect your interest in the property.
Cause your creditors to ‘STAY’ back
The filing of a Chapter 7 case automatically suspends virtually all collection and other legal proceedings pending against you. A few days after a Chapter 7 case is filed, the court will mail a notice to all creditors ordering them to refrain from any further action against you. This court-ordered suspension of creditor activity against the person filing is called an automatic stay.
If necessary, notice of the automatic stay may be served on a creditor earlier by the person or the person’s attorney. Any credi
Tags: Chapter, Chapter Bankruptcy