By Jeff Field | Published January 16, 2024 | Posted in Bankruptcy | Tagged Tags: debtors, liquidation, redemption | Leave a comment
Using the Redemption Option to Keep Your Car in a Chapter 7 Bankruptcy
Chapter 7 bankruptcy allows individuals to obtain a fresh start by discharging most of their debts while liquidating their assets to pay off creditors. However, there are ways that debtors can shield a substantial amount of their assets from liquidation. One of these is the redemption option. A debtor can keep a financed car by Read More
Read More
Pitfalls That Can Derail a Chapter 13 Bankruptcy
In a Chapter 13 bankruptcy, the debtor must partially repay certain unsecured debts over time according to a detailed court-approved plan. Although most debtors successfully fulfill their plan payments and receive a discharge of remaining debt, there are things that can cause a Chapter 13 to go askew. Creating a plan requires making projections of Read More
Read More
Making Sure Your Chapter 13 Payments Go Into the Right Hands
In a Chapter 13 Bankruptcy, also known as reorganization, the debtor agrees to a court-approved plan to repay a portion of his or her outstanding debts. Eligible creditors are paid specified amounts over the life of the plan, which is three to five years. However, in devising Chapter 13 plans, there are many opportunities for Read More
Read MoreWill Debts Be Removed from Your Credit Report After Bankruptcy?
A recent decision by Bank of America and JP Morgan will provide some additional relief to people who have filed for bankruptcy across the United States. The two companies finally reached an agreement to update the credit reports of borrowers within the next several months to show they have settled their debts. This is a Read More
Read More
-
5.0/5.0Jeff Fields and staff made the bankruptcy exp. Worth doing thanks for your service.
-
5.0/5.0
Hands down I’ll definitely recommend everybody here if they are filing for bankruptcy. I just wanna thank y’all for everything yall did for me.
-
5.0/5.0
Jeff and Chase were great to work with. I was able to get answers to financial questions that I had. Service was quick and stress free! I would recommend them to anyone that needs help with their financial situation.
-
5.0/5.0
What can I say??? This process was smooth as ever. I spoke with an attorney in December just to get information on how the process works he explained and went over every question I could think of. We spoke again in March and got the process started a...
-
5.0/5.0
**Real review** I was extremely nervous filing a chapter 7 and going the bankruptcy route. You hear so many negative stories regarding following bankruptcy. However, I can honestly say this was the best decision I've made for my financial situation. ...
Please fill out the form below and one of our attorneys will contact you.
