Category: Chapter 7 Bankruptcy
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Lien Removal After Bankruptcy
Lien removal after bankruptcy is a complicated, but important subject. Debtors often discover liens after bankrutpcy. What can a debtor do to get rid of these liens? It depends! Read on for more information. Abstracts of Judgment A creditor can only obtain a judgment against a borrower if the borrower defaults on their debt. A creditor…
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Bankruptcy Timeline in Sacramento
Most bankruptcy filers are apprehensive about how long their case will last. The good news is that the bankruptcy timeline in Sacramento is probably quicker than you think! Read on to learn more about the timelines for a typical Sacramento Chapter 7 Bankruptcy. The Clock Starts Ticking Once Your Case is Filed Bankruptcy officially starts…
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Bankruptcy Motion to Compel Abandonment
Own a business? Filing a Chapter 7 bankruptcy? You may need to file a Motion to Compel Abandonment. This will let you keep operating your business while you are in bankruptcy. The Trouble with Businesses and Chapter 7 Bankruptcy When a person declares Chapter 7 bankruptcy, everything they own is temporarily “owned” by the bankruptcy…
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Bankruptcy Without a Lawyer
Everyone in America has the right to represent themselves in court. In fact, this is true in bankruptcy. That means that you can file bankruptcy without a lawyer. Read on for more information! Chapter 7 is Possible Without a Lawyer Of the two main types of consumer bankruptcy, Chapter 7 is the easier of the two…
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What Happens When You File Chapter 7
There are several different versions of bankruptcy. Chapter 7 is the most popular bankruptcy. What happens when you file Chapter 7? Read on to find out. Chapter 7 Is A Liquidation Bankruptcy The goal of Chapter 7 is to eliminate as much unsecured debt as possible. The tradeoff in this type of bankruptcy is something called…
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Business Bankruptcy in Sacramento
Businesses declare bankruptcy too. Business bankruptcies are typically much different than personal bankruptcies for one main reason. Read on to learn more! Why do businesses declare bankruptcy? Businesses declare bankruptcy for the same reason that regular people declare bankruptcy: insolvency. A business is insolvent when its debts exceed its assets. A business might become insolvent because of…
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How to Get a Credit Card After Bankruptcy
I recently wrote articles on how to get a Mortgage and Car Loan after bankruptcy. This article will discuss your credit card options after bankruptcy. Credit Cards Aren’t Bad At All It is foolish to say that debt is bad, or that credit cards are bad. Used responsibly, credit cards can make managing your finances…
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How to Get a Car Loan During Bankruptcy
Bankruptcy is a powerful tool that allows debtors to get a fresh start. What about a debtor that needs to get a new car loan in the middle of a bankruptcy? It may come as a surprise, but it is absolutely possible. Read on to learn more. What Happens to Car Loans After a Bankruptcy is…
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How to Dismiss Chapter 7 Bankruptcy
I recently wrote an article on How to Dismiss Chapter 13 Bankruptcy. What about dismissing a Chapter 7? Dismissal of Chapter 7 Isn’t Always Possible Unlike Chapter 13, a debtor does not have an automatic right to dismiss their Chapter 7 bankruptcy. Except for rare cases, Chapter 7 cases are essentially unstoppable once their are…
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Do Creditors Take Belongings in Bankruptcy?
Potential bankruptcy filers often ask me “can I keep X if I file for bankruptcy?” 9.5 times out of 10 the answer is “yes.” This is where the rubber hits the road in Chapter 7 bankruptcy. Keep reading to learn more about the property you can and cannot keep in a bankruptcy. Chapter 7 is a…