There is a stigma attached to bankruptcy that sometimes deters individuals from persuing it. Bankruptcy is not a bad word- bankruptcy is a forgiveness of debt that has been around since biblical times. We should not be ashamed that we sometimes dig ourselves too deep- we are human and we deserve a fresh financial start. . . .
Rebeka Seelinger of Seelinger Law is an attorney that specializes in Bankruptcy and Criminal Defense cases. Bankruptcy Cases If you are feeling overwhelmed by your debt, know that there is relief. It is unfair to yourself and your family to live under constant stress, and to wonder how you are going to make your next. . .
If you are feeling overwhelmed by your debt, know that there is relief. It is unfair to yourself and your family to live under constant stress, and to wonder how you are going to make your next house payment, or even pay for your next meal. If this is the situation that you are in,. . .
Debt collectors call you multiple times a day: they call at work, they call at home, and they even call family members. You have friends who are behind on their bills yet they do not get any of the phone calls. This scenario is quite common. It doesn’t just seem like creditors are targeting you,. . .
You are “Judgment Proof” You might not have to worry about collection actions by your creditors if you do not own anything that a creditor can legally take from you, under the laws of your state. If you do not have equity in a home, money in a savings account, a valuable (and “paid for”). . .
Before looking into the specifics of tax refunds, keep in mind that 97% of bankruptcy cases are ‘no asset cases.’ This means that the filer gets to keep all of their things and the trustee takes nothing. So 97% of the time, you will be able to keep your tax refund when you are filing. . .
Yes. Health care can be very costly. Hospital charges and doctor’s fees add up quickly, for procedures of all kinds, whether performed as outpatient services or more complicated procedures requiring a hospital stay. Debts from medical care are among the leading causes of personal bankruptcy filings. In bankruptcy, medical bills are treated the same way. . .
Through a Chapter 7, most of your debts will be discharged. Credit cards, medical bills, utility bills, deficiency balances on car loans, and many more are completely discharged. Student loans will not be discharged except in rare circumstances, and neither will alimony, child support, and recent tax debt. Keep in mind that the discharge only. . .
Debt consolidation companies tell you that they can make deals with the banks and settle your credit card debts. Understand that they start taking your money even before they make any contact with the banks. There is absolutely no guarantee that the banks will take their offer. These salespeople take your money and promise to. . .
As to Chapter 7 filings, a majority of the cases receive a discharge. Actually, a “majority” doesn’t quite get the point across. More than 99% of cases, based on current data, have the filer’s debt discharged. This means that if you file, you have a very good chance of emerging debt free, with the exception. . .