When To File Bankruptcy » filing chapter 7

After filiing bankrupcty, is it extremely damaging to your credit when attemtping to purchase home, car, etc.?

admin — Fri, 13 May 2011 10:53:04 +0000

After filing Chapter 7 or Chapter 13, is it most damaging to your credit in ways you cannot purchase a home or car, etc? 2 years? 5 years? For those who have filed bankruptcy, please help me understand better this choice. I am struggling and it is most difficult to do alone with no knowledge or examples.

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How do I declare bankruptcy when I can't afford to pay a lawyer?

admin — Tue, 26 Apr 2011 13:19:41 +0000

I had a consultation with a lawyer and he told me that I would qualify for Chapter 7 bankruptcy. He also told me that he wants 00 in order to proceed. If I had 00 I would be paying off some of my debts. How can I go about filing Chapter 7 without a lawyer or by using the least amount of money possible? Thank you in advance for any advice.

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How does bankruptcy affect a judgment?

admin — Mon, 07 Mar 2011 14:25:06 +0000

I’m filing chapter 7 bankruptcy and the BK attorney tells me that my questionnaire looks good, and I pass the means test so things should go fairly smooth. A collection firm is presently suing me for credit card debt and I expect they will have a judgment soon. I’ve been told that my bankruptcy will "take care" of the judgment. But what exactly does "take care of" mean in this case? Does the bankruptcy simply relieve a need to pay on the judgment? Or does it also erase the existence of the judgment from my credit record? If not then can I take some follow up action to erase it myself?

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Question to bankruptcy attorneys and or trustees?

admin — Fri, 14 Jan 2011 09:37:18 +0000

I’m thinking about filing Chapter 7 but do not know if im eligible. Here’s my situation, I make 19k a year which is below the median; I have no property/assets or savings. I owe 23k on the car and 18k on 3 credit cards. If i sell the car I still owe 8k. I tried to negotiate with my car’s creditor and that’s the best rate they can do. The reason why I want to liquidate my debt is because I want to go back to school full-time. Save money and rebuild credit while in school. If i continue paying my debt ( 5 more years ) I will not have savings and an education. I don’t mean to be a deadbeat on my debts but this is the best solution i can do in order to straighten my life, financially and responsibly. I don’t want to do Chapter 13 for my credit card debts– this will waste my time, money and get a ruined credit report.

I’ll face the consequences: Attorney fees, bad record for 10 years, higher rates.. you name it.
My question is if i’m eligible to file for CHAPTER 7.

Technorati Tags: 10 years, attorney fees, best solution, chapter 13, consequences, credit card debts, credit cards, credit report, creditor, deadbeat, education, filing chapter 7, full time, median, property assets, time money

Does anyone know a low price bankruptcy lawyer in Maryland?

admin — Fri, 24 Dec 2010 13:19:48 +0000

I’m considering filing Chapter 7

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