Chapter 7 Bankruptcy

Chapter 7 of the Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States. (In contrast, Chapters 11 and 13 govern the process of reorganization of a debtor in bankruptcy.) Chapter 7 is the most common form of bankruptcy in the United States.
Posts about Chapter 7 Bankruptcy
  • Bankruptcy and Credit Card Debt

    … legal options for managing debt and changing your entire financial situation. Experienced Missouri attorney Kenneth P. Carp can help determine what financial options are right for your particular situation. Call (636) 947-3600 or contact us online to schedule your consultation. With the right financial options, you can improve your credit score and financial health for years to come. The post Bankruptcy and Credit Card Debt appeared first on The Law Offices of Kenneth P. Carp. … 17 readers -
  • Will I Lose Everything I Own in a Chapter 7 Bankruptcy?

    … Chapter 7 is the most commonly filed form of consumer bankruptcy in the United States, and can greatly benefit people who have gotten into more debt than they can handle. The basic premise of a Chapter 7 is this: The court will liquidate (sell) your non-exempt assets and use the proceeds to pay off your debts. Any debts that are left over… 15 readers -
  • The Missouri Chapter 7 Means Test

    … available options under the law, taking into account your personal circumstances and finances. To schedule a free consultation with a St. Charles or St. Louis bankruptcy lawyer, please call us or contact us online. The post The Missouri Chapter 7 Means Test appeared first on The Law Offices of Kenneth P. Carp. … 9 readers -
  • Chapter 7 Bankruptcy: Eligibility and Procedure

    … by a court-appointed bankruptcy trustee. The trustee ensures that the bankruptcy estate is properly managed and that creditors are paid. Consult a St. Louis and St. Charles Bankruptcy Attorney Today Do not allow the social stigma of filing for bankruptcy keep you from reasonably settling your debts. Here at the Law Offices of Kenneth P. Carp, we can help… 14 readers -
  • What Will Happen to My House and Car If I File for Bankruptcy?

    …. An experienced bankruptcy attorney will carefully review your assets prior to filing bankruptcy, and ensure that an applicable exemption will protect them. Call a St. Louis Bankruptcy Attorney Today If you are experiencing financial difficulties, experienced Missouri attorney Kenneth P. Carp can help determine whether filing bankruptcy is right… 13 readers -
  • Bankruptcy Options for Small Businesses

    … that is commonly used by large-scale corporations and not startups or small businesses. Find Out How a St. Louis and St. Charles Bankruptcy Attorney Can Help You If you would like more information about either personal or business bankruptcy, do not hesitate to call our bankruptcy lawyer at the Law Offices of Kenneth P. Carp. We are here to help you… 10 readers -
  • Will I Lose All of My Assets if I File for Chapter 7 Bankruptcy?

    … Many people who look into Chapter 7 bankruptcy as a way to eliminate their debts are immediately concerned that they will lose all of their assets if they file. This concern is understandable, due to the fact that filing for Chapter 7 involves the liquidation of all of a person’s nonexempt assets in order to pay off creditors. As a result… 27 readers -
  • Can You Avoid Foreclosure in New York by Filing for Bankruptcy?

    … will depend on the details of the case. Chapter 7 Chapter 7 bankruptcy will not discharge any type of mortgage debt – either current or arrears. Therefore, you will still be behind on your mortgage the same amount you were prior to the bankruptcy. However, Chapter 7 can discharge many other debts and can rid you of large credit payments with high…

    Ronald D. Weiss, PC- 14 readers -
  • 3 Things to Consider Before Filing for Bankruptcy

    …. Some examples of debts that can be eliminated in bankruptcy include the following: Medical expenses Credit card debt Utility payments Personal loans Business debts Most civil judgments Collection accounts Call a St. Louis Bankruptcy Attorney Today to Discuss Your Options If you are having trouble meeting your financial… 16 readers -
  • Islip, NY Bankruptcy Attorney

    … While the median income in Islip, New York is around $94,000 per year for a household,1 many residents of this town on the South Shore of Long Island are still struggling to make ends meet. Thanks to ever-rising housing prices and a cost of living well above the national average,2 many households are living below the poverty line, especially…

    Ronald D. Weiss, PC- 8 readers -
  • Getting From Point A to Point B With Money

    …. The least popular option for getting out of debt is, for the most part, the cheaper, better, and faster way to get out of debt; Bankruptcy. If you haven’t already clicked on the links in the second paragraph, take a moment now to do it. In those articles, I run through the math on the savings by pointing out that someone who files a Chapter 7 bankruptcy…

    Christine Kingston/ Los Angeles Bankruptcy Law Monitor- 25 readers -
  • Celebrity Bankruptcy: Where Are They Now?

    …. Teresa Guidice Teresa Guidice’s bankruptcy is back in the news as the bankruptcy judge in her previous Chapter 7 bankruptcy has reopened her case over Mrs. Guidice’s objection. Teresa claims she is already doing a good enough job repaying her creditors from the Chapter 7 that was dismissed. She has a repayment plan in place with the IRS for the $500K…

    Bond and Botes- 29 readers -
  • Who is the Bankruptcy Trustee?

    … Bankruptcy petition is filed the Court appoints a bankruptcy trustee to administer your case. A Bankruptcy Trustee is Appointed This occurs whether you file a Chapter 7 or Chapter 13 Bankruptcy and you will be required to attend a mandatory Court Hearing called the 341 Meeting of Creditors with this individual presiding. Prior to this Court Hearing…

    Grant Mcnutt/ Bond and Botes- 22 readers -
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