Category: Chapter 7 Bankruptcy
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List of Discharged Debts Bankruptcy
Where do you find the list of debts that were discharged in your bankruptcy? The answer to that simple question might surprise you! Bankruptcy Creditors The debtor in each bankruptcy case tells the court about their specific debts. Whether it be a car loan, credit card, or payday loan, the debtor is responsible for informing the…
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Dismissed Bankruptcy Still on Credit Report
This is third in a series of articles I have wrote about dismissed bankruptcy cases. The first article discusses how to dismiss a bankruptcy. The second article discuss what happens after bankruptcy dismissal. This article will tell you all about what happens to your credit report after a dismissed bankruptcy. This article may suprise you! Bankruptcy…
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What Happens After Bankruptcy is Dismissed?
Not all bankruptcy cases end in a bankruptcy discharge. For various reasons, some bankruptcy cases are dismissed prior to discharge. What happens after a bankruptcy is dismissed? Read on to learn more. Some Bankruptcy Cases Are Dismissed Bankruptcy can be very complicated. Not all debtors make it all the way through their bankruptcy to discharge. The…
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How Long to Get Bankruptcy Discharge
Bankruptcy filers are usually anxious to get their discharge from the court. A bankruptcy discharge is the official court order that excuses most debts. How long does that process take? Read on to find out more. Typical Chapter 7 Case A typical Chapter 7 case involves eliminating unsecured debts. Here in Sacramento, this process typically…
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Chapter 7 Bankruptcy and Foreclosure
Foreclosures are still occurring on a regular basis in the Sacramento area. Bankruptcy can be an effective way to stop a foreclosure. But only certain types of bankruptcy can help. Chapter 7 will not necessarily save your home. Read on for more information about Chapter 7 Bankruptcy and Foreclosure. The Automatic Stay Halts Foreclosure The…
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Keep Up Car Payments During Bankruptcy
Whether to keep or not keep car payments is something that I typically have to address with my bankruptcy clients. There are several options available to bankruptcy filers. This blog post will focus on situations where the debtor wishes to retain the car and payments. Be Careful After Filing Your Bankruptcy Certain bankruptcy laws make…
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Forgot to List Creditor in Bankruptcy
To be successful in bankruptcy, full and complete disclosure of your debts is required. This isn’t always possible. But there is good news. You can amend your bankruptcy to include a forgotten creditor. Try to Disclose All Debts at Time of Filing To the maximum extent possible, list all of your debts on your bankruptcy…
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Bankruptcy Chapter 7 Homestead Exemption
The Homestead Exemption in Chapter 7 Bankruptcy is very important. If you are filing for Chapter 7 Bankruptcy in Sacramento and own a home, you need to read this blog. A Chapter 7 Bankruptcy is considered a liquidation bankruptcy. This means that the Bankruptcy Trustee assigned to your case can take your assets from you…
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Sacramento Bankruptcy Trustees
A Bankruptcy Trustee is appointed in each Chapter 7 and Chapter 13 bankruptcy case here in Sacramento. Read on for more information about who these people are and the job they do. Sacramento Chapter 7 Bankruptcy Trustees At the start of a Chapter 7 bankruptcy in Sacramento, the court automatically assigns a Trustee. The Trustee is picked…
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Don’t Forget Your Social Security Card
There is a lot to remember during the bankruptcy process. A very important part of each bankruptcy is the Meeting of Creditors. Are you prepared for yours? Bankruptcy Meeting of Creditors At your Meeting of Creditors (sometimes called a 341 Hearing by attorneys), you will be asked some questions. The questions are about your bankruptcy papers and…