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Before you decide to proceed without an attorney, weigh factors that can impact the success of your case. Bankruptcy laws and procedures. Filing for bankruptcy requires a solid grasp of legal ...
Personal bankruptcy is a legal process that allows people to discharge unpayable debts by liquidating assets to pay their creditors or by entering into a court-approved plan to repay them. Tips: 7...
If the attorney you hire for your bankruptcy case fails to perform the tasks you paid them for, you should ask for a refund. You may have to pursue this, including filing a complaint with the ...
A bankruptcy discharge is a court order that releases an individual or business from specific debts and obligations they owe to creditors. In other words, it's a legal process that eliminates the debtor's liability to pay certain types of debts they owe before filing the bankruptcy case.
Filing for bankruptcy after you’ve defaulted can protect your assets from being seized by the lender or creditor. How it works depends on the type of bankruptcy you file. Chapter 7
New § 362(c)(3) provides that if the debtor files a chapter 7, 11 or 13 case within one year of the dismissal of an earlier case, the automatic stay in the present case terminates 30 days after the filing, unless the debtor or some other party in interest files a motion and demonstrates that the present case was filed in good faith with ...
This doctrine can be found in a Third Circuit Court of Appeals case, Zarin v. Commissioner. [14] In order for this exception to apply, the amount of debt must actually be disputed. This can happen if the two parties actually have a good faith dispute over the amount owed.
Step 3: Determine if bankruptcy is right for you. Bankruptcy isn't a solution for everyone. To decide if it is the right path for you, consider the following. Debt relief. Can you eliminate enough ...