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chapter 7 bankruptcy Archives

Can bankruptcy help me with my student loans?

If you have asked yourself this question, you are in good company. Thousands of college students graduate from college every year, and a majority of them leaves school saddled with a significant amount of loan debt. It can be difficult to get a job right away, and, consequently, it can be difficult to pay a loan with no money.

Debt that remains after Chapter 7 bankruptcy

It is common knowledge that filing for Chapter 7 bankruptcy makes your debts go away. But it is not that simple. All your debt is not discharged once you have successfully filed for bankruptcy. There are several debts that remain that you have to pay regardless of declaring bankruptcy.

Are there certain debts that remain after Chapter 7 bankruptcy?

Filing for Chapter 7 bankruptcy is a complicated process, and you should be aware of certain details before making such an important decision. Although it does relieve you of some of your debts, others might not be that easy to get rid of. Certain debts are important to pay off, and the court does not allow you to have them waived.

Protecting Your Assets by Filing for Chapter 7 Bankruptcy

Filing for Chapter 7 bankruptcy is considered a suitable option for persons burdened by enormous debts. In this type of bankruptcy, individuals can discharge unsecured debts that have been plaguing them for long. This includes debts arising from medical bills, personal loans and credit cards. Fortunately, personal assets such cars, homes and private belongings are exempted from the debt payment process. Before filing for the bankruptcy process, you must provide honest answers to expedite the review and receipt process.

Use a means test to determine Chapter 7 eligibility

Ohio residents who are unsure if they will qualify to file for Chapter 7 bankruptcy can use a test to figure it out. The means test fulfills this purpose. You may be wondering what exactly a means test is, how it can help you and how you can access it. This week's column will answer those and other questions.

Protecting Your Assets by Filing for Chapter 7 Bankruptcy

Filing for Chapter 7 bankruptcy is considered a suitable option for persons burdened by enormous debts. In this type of bankruptcy, individuals can discharge unsecured debts that have been plaguing them for long. This includes debts arising from medical bills, personal loans and credit cards. Fortunately, personal assets such cars, homes and private belongings are exempted from the debt payment process. Before filing for the bankruptcy process, you must provide honest answers to expedite the review and receipt process.

Becoming familiar with chapter 7 bankruptcy

Chapter 7 of the bankruptcy code allows individuals and businesses to resolve their debt issues. It is one of the most common bankruptcy laws currently used in the U.S. It is also perceived as the simplest form of bankruptcy available to individuals and corporations.

What happens if I am not eligible for Chapter 7 bankruptcy?

Is debt affecting your life or are you facing threats of foreclosure and repossession? You may feel daunted by your circumstances and unsure of what to do next, but, fortunately, you have options, and filing for bankruptcy may be beneficial to you. Many consumers choose Chapter 7 bankruptcy as a way by which they can confront their debt and secure a strong financial future, but not everyone is eligible.

How to avoid foreclosure

Foreclosure happens when a homeowner fails to pay their mortgage. It is a legal process by which the lender attempts to recover the loan the borrower owes them if the borrower has stopped making their payments to the lender. In this scenario, your house will be used as the asset to pay off your debt. You will be asked to move out of your house.

Chapter 7 bankruptcy could solve your debt problems

Simply put, bankruptcy is a solution to the problem of having debts that you will never be able to pay back. Therefore, in certain situations, it may your best option for overcoming financial trouble. If you are an individual with few or no assets or a small business owner, Chapter 7 bankruptcy may be your best option


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