Bankruptcy FAQ

Chapter 7, Chapter 13, Chapter 20 — Bankruptcy Options Are Available

2023-01-24T22:54:23+00:00June 15th, 2022|

Bankruptcy - A Chapter 7? A Chapter 13? A Chapter 20? As a consumer, what Chapter of Bankruptcy is right for you? Options are available. Chapter 7 Bankruptcy: A Chapter 7 Bankruptcy involves the collection and liquidation of non-exempt assets. The proceeds of the non-exempt assets are distributed to your unsecured creditors. A Trustee will [...]

Chapter 13 Debt Limits Update : April 1, 2022

2023-01-25T08:25:30+00:00April 20th, 2022|

BANKRUPTCY : CHAPTER 13 DEBT ELIGIBILITY LIMITS 2022 Increases In Filing And Exemption Limits For Bankruptcy Cases - The debt limitations are adjusted every 3 years. The Judicial Conference of the United States gave notice of the changes going into effect for cases filed after March 31, 2022: Chapter 13: Debtors have the option of [...]

Is my Social Security Income protected from my Creditors?

2022-03-25T14:58:51+00:00April 13th, 2022|

Can Creditors take my Social Security? What should I tell Creditors when they call? I can't make my monthly payments with the little amount I make... We understand. It is difficult to live paycheck to paycheck. There is often only enough to cover the essentials, so when Creditors start calling (and keeping calling) it can [...]

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