How to Determine Your Household Size
Aug 16, 2010
The size of your household is very important when filing bankruptcy as it determines how much gross income you are allowed to qualify for a chapter 7 or chapter 13 bankruptcy. There is software that ca...
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How to Determine Your Current Monthly Income
Aug 09, 2010
Your current monthly income is your average income over the previous six months prior to filing your bankruptcy case. Your gross income should be used when making this calculation. There are some onlin...
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The Bankruptcy Discharge
Aug 09, 2010
About 60 days after your meeting with the creditors you will receive a notice of discharge, this can take longer if the trustee is backed up, sometimes it can take up to four months. Once you receive y...
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The Chapter 7 Bankruptcy Discharge
Jul 27, 2010
The Bankruptcy Discharge is when your bankruptcy is finalized and all of your debts included in that bankrutpcy filing are discharged. This can happen sometime between two to four months after your 341...
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Are You Judgment Proof?
Jul 26, 2010
Sometimes the best approach for a client is to do nothing, some people are what is called judgment proof. While they still might decide to file bankruptcy to avoid the worry it might not be necessary. ...
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What are Alternatives to Filing Bankruptcy
Jul 15, 2010
Some of my clients just do not want to file bankruptcy for one reason or another, it can be a very personal decision. Sometimes depending on a clients financial situation they can just ignore the issue...
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What happens to Contracts and Leases?
Jul 13, 2010
When you file you petition you will list any contracts or leases that you are currently a party to. At that time you will make a decision if you want to continue with the contract or lease (assume) or ...
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What is a Secured Debt?
Jul 13, 2010
A secured debt is usually an item like a car or a home, but it can be other items like jewelery or furniture. These items can be secured by a loan that you obtained to purchase them, or a loan that you...
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Do You Need to Worry About Loosing any Property in Bankruptcy?
Jul 13, 2010
When you file your bankruptcy petition you will list all of your assets and any associated debts that are secured by the assets. Additionally there are exemptions that can be applied to protect a certa...
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Meeting of Creditors
Jul 07, 2010
he meeting of the creditors also called the 341A hearing is nothing to fear. The meeting is normally scheduled 45 days after the filing of the bankruptcy petition. The meeting is usually held in the Fe...
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