Comments on: Bankruptcy? http://www.bankruptcy-help-resources.com/bankruptcy-5/ Quick Answers to Bankruptcy Questions & Understand How Bankruptcy Laws Affect You Fri, 10 Sep 2010 23:59:45 +0000 http://wordpress.org/?v=2.5.1 By: Jennifer http://www.bankruptcy-help-resources.com/bankruptcy-5/#comment-1329 Jennifer Tue, 14 Oct 2008 14:42:55 +0000 http://www.bankruptcy-help-resources.com/bankruptcy-5/#comment-1329 Hi, I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It's legitimate. I came across this company on NBC News Special Edition.Check it out here: Hi,
I used “Credit Solution” to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It’s legitimate. I came across this company on NBC News Special Edition.Check it out here:

]]> By: Bob C http://www.bankruptcy-help-resources.com/bankruptcy-5/#comment-1328 Bob C Sat, 11 Oct 2008 18:05:22 +0000 http://www.bankruptcy-help-resources.com/bankruptcy-5/#comment-1328 Generally speaking, for a personal bankruptcy, you get to choose between a chapter 7 and chapter 13. A chapter 7 bankruptcy is a discharge of debt. Basically some assets are exempted (this varies by state) Non-exempted assetts must be liquidated (sold) and the money given to the creditors. Typically, if you have too many assetts, people wait until the assets are gone before they file. But, be careful, because if you file bankruptcy too soon after giving away your assetts, the creditors might be able to sue to get the assetts returned. (Consult your attorney.) A chapter 7 bankruptcy typically takes a minimum of 120 days to discharge. A chapter 13 bankruptcy is designed for protection of assetts. You pay back a percentage of your debt over time until you complete the payment plan. This process typically takes from 3-5 years to discharge. A bankruptcy stays on your credit report for 10 years after the discharge date. If you qualify, a chapter 7 bankruptcy is preferable to a chapter 13 bankruptcy. However, attorneys make much more money from a chapter 13 bankruptcy than from a chapter 7 bankruptcy. Therefore, if you are close, the attorney might suggest the chapter 13 bankruptcy. Consult an attorney but you don't necessarily need to work with the first attorney you talk to. Most attornies offer free consultations and it can benefit you to make a free consultation appointment with many (5-8) attornies to make sure you find one you feel comfortable with. Finally, in most states, if you are filing a chapter 7 bankruptcy, a paralegal can help you complete the paperwork at a substantially reduced cost. The main advantage of using a lawyer is that they are bonded. However, if an attorney screws up, are you really going to successfully sue an attorney? Generally speaking, for a personal bankruptcy, you get to choose between a chapter 7 and chapter 13.

A chapter 7 bankruptcy is a discharge of debt. Basically some assets are exempted (this varies by state) Non-exempted assetts must be liquidated (sold) and the money given to the creditors. Typically, if you have too many assetts, people wait until the assets are gone before they file. But, be careful, because if you file bankruptcy too soon after giving away your assetts, the creditors might be able to sue to get the assetts returned. (Consult your attorney.) A chapter 7 bankruptcy typically takes a minimum of 120 days to discharge.

A chapter 13 bankruptcy is designed for protection of assetts. You pay back a percentage of your debt over time until you complete the payment plan. This process typically takes from 3-5 years to discharge.

A bankruptcy stays on your credit report for 10 years after the discharge date.

If you qualify, a chapter 7 bankruptcy is preferable to a chapter 13 bankruptcy. However, attorneys make much more money from a chapter 13 bankruptcy than from a chapter 7 bankruptcy. Therefore, if you are close, the attorney might suggest the chapter 13 bankruptcy.

Consult an attorney but you don’t necessarily need to work with the first attorney you talk to. Most attornies offer free consultations and it can benefit you to make a free consultation appointment with many (5-8) attornies to make sure you find one you feel comfortable with.

Finally, in most states, if you are filing a chapter 7 bankruptcy, a paralegal can help you complete the paperwork at a substantially reduced cost. The main advantage of using a lawyer is that they are bonded. However, if an attorney screws up, are you really going to successfully sue an attorney?

]]> By: ladyscientist28 http://www.bankruptcy-help-resources.com/bankruptcy-5/#comment-1327 ladyscientist28 Thu, 09 Oct 2008 00:59:09 +0000 http://www.bankruptcy-help-resources.com/bankruptcy-5/#comment-1327 Get a good lawyer. Wouldn't hurt to "sell" your guns to a family member for a token amount. Get a good lawyer.

Wouldn’t hurt to “sell” your guns to a family member for a token amount.

]]> By: Jolie F http://www.bankruptcy-help-resources.com/bankruptcy-5/#comment-1326 Jolie F Mon, 06 Oct 2008 02:44:54 +0000 http://www.bankruptcy-help-resources.com/bankruptcy-5/#comment-1326 Do yourself a favor and get a reputable lawyer. I had a good one, and I didn't lose my car. Do yourself a favor and get a reputable lawyer. I had a good one, and I didn’t lose my car.

]]> By: sensible_man http://www.bankruptcy-help-resources.com/bankruptcy-5/#comment-1325 sensible_man Fri, 03 Oct 2008 02:18:03 +0000 http://www.bankruptcy-help-resources.com/bankruptcy-5/#comment-1325 Type in Bankruptcy and your State in the searchbar. You can then view the different types such as Chapter 13 and 7. It should give you all the info you need. Read it carefully. You will be required to list all of your assets and property. Type in Bankruptcy and your State in the searchbar. You can then view the different types such as Chapter 13 and 7. It should give you all the info you need. Read it carefully. You will be required to list all of your assets and property.

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