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Chapter 7 Archives

Can the Bank Freeze My Checking Account if I File for Bankruptcy?

can the bank freeze.jpgYou may have been out shopping for groceries this past weekend, or perhaps at your favorite local hardware store picking up tools and materials for a few maintenance projects on your home. As you perused the aisles and began filling your cart, most likely you had no sense that any trouble was brewing regarding your ability to pay-until that embarrassing moment when you reached the cashier and heard, "I'm sorry but your card has been declined." This is always a bad moment, and one most of us have experienced due to one issue or another. As the line behind you began to build, you probably tried swiping at least a couple more times only to get the same humiliating result.

Avoid Any Question of Fraudulent Behavior When Filing for Bankruptcy

avoid any question of.jpgAlthough most debtors preparing to file for bankruptcy are under serious financial duress, they may still have issues regarding spending and asset allocation that require consideration in pre-planning. You may be eager to get your case rolling along-whether filing for Chapter 7 bankruptcy or Chapter 13-but it is imperative that you consult with your attorney regarding your entire financial picture, including all open accounts, recent purchases on credit, property exchanges that could raise concerns, and more.

After the Bankruptcy Discharge: Forging Ahead on a Positive Note

after the bankruptcy.jpgWhile many still see a stigma attached to the process of filing for bankruptcy, just as many debtors (and some in the public eye) are completely upfront about their financial struggles. You may have friends or family who have filed after extreme financial challenges. While they began the process in a state of stress, once their debts were discharged you may noticed them announcing their joy on social media, calling loved ones, and celebrating overall. This is indeed a time for rejoicing, as the discharge of debts represents a clean start and new control over finances.

Chapter 7 & Chapter 13: What is Bankruptcy Pre-Planning?

Chapter 7 & Chapter 13 What is Bankruptcy Pre-Planning.jpgLike millions of others before you in the US, you may have decided to file bankruptcy due to an overwhelming amount of debt. You probably never expected to be in such a position, but life is full of surprises and unfortunately, they are not always good when it comes to finances. If you have been struggling with a torrent of medical bills after a car accident, the loss of your job, a difficult divorce, or maybe even all these events in the past few years, filing for bankruptcy may be the best solution.

How Many Times Can I File for Bankruptcy?

How Many Times Can I file for Bankruptcy.jpgThe goal behind filing for bankruptcy is to pave a new financial path for yourself, free of debt. The stories behind bankruptcy vary, however, and are often the result of unexpected, even catastrophic events. And just because something happens once, unfortunately, does not mean it can't happen again.

Bankruptcy: What is the Means Test--And What if I Don't Pass?

Bankruptcy What is the Means Test.jpgFiling for bankruptcy is a major step, and probably not something you ever wanted to do. You may have been in a major accident, or you or a family member may have experienced an extended illness that resulted in insurmountable medical bills. Budgets may have been cut at work, or you may have found yourself out of a job altogether. Often, there are other accompanying factors too, like divorce, overuse of credit card due to lack of income, and more.

Why You Need a Bankruptcy Attorney Who Can Offer Personalized Attention

Are you overwhelmed with debt, having reached the point where you can barely pay for the essentials, much less satisfy pay your creditors? You may have been doing your best to cope with escalating financial distress for months now or even years, but have finally decided to explore bankruptcy as an option. While this may be the smartest solution for gaining firm control of your finances, it can also be a difficult decision to make.

Why You Should Not Pay Off That Family Loan Before Filing for Bankruptcy

If you have decided to file for bankruptcy, no doubt you are eagerly looking toward a brighter future and new found financial freedom. You probably also have numerous questions and concerns about filing which should be discussed with an experienced bankruptcy attorney from a law firm like Levitt & Slafkes, PC.

What Happens to My Car in a Chapter 7 Bankruptcy?

People often wonder how bankruptcy will affect their ability to keep their car. While there can be complications if you are far behind on payments, what happens to your property in bankruptcy will most likely be up to you. It is crucial to work with an experienced attorney from a law firm like Levitt & Slafkes, PC so you are informed and able to make the best choices.

Our bankruptcy attorneys will help you escape debt and
face the future with optimism.

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