Blog Posts in 2009
Posted on Dec 22, 2009 By Infinity Law Group
An Automatic Stay gives the debtor a breathing spell from creditors. It becomes effective immediately when Chapter 7 or Chapter 13 bankruptcy is filed. It prohibits: lawsuits, collection calls, ...
Continue reading "What is an Automatic Stay in Bankruptcy?" »
Posted on Dec 20, 2009 By Infinity Law Group
Chapter 13 Bankruptcy is a debt payment plan that can allow you to keep your home, car, and other property while paying a portion of your unsecured debts (for example credit cards). The rest of the ...
Continue reading "What is Chapter 13 in Bankruptcy?" »
Posted on Dec 15, 2009 By Infinity Law Group
In order to escape from the harassment of creditors and make a fresh financial start, you may want to consider filing chapter 7 bankruptcy. Chapter 7 will eliminate most debts and allow you to keep ...
Continue reading "What is Chapter 7 Bankruptcy?" »
Posted on Dec 8, 2009 By Infinity Law Group
If your ex-spouse files for bankruptcy after the divorce, can you lose the divorce settlement money owed to you? No. Marital settlement debts cannot be discharged in a Chapter 7 bankruptcy, so that ...
Continue reading "Divorce Settlement and Bankruptcy" »
Posted on Nov 30, 2009 By Infinity Law Group
Making the decision to file bankruptcy should not be taken lightly. They call it the 10-year mistake because it will take that long for your financial life to return to normalcy. How ...
Continue reading "How Bankruptcy Affects your credit (FICO) score" »
Posted on Nov 25, 2009 By Infinity Law Group
In Chapter 7 bankruptcy (liquidation of your non-exempt property, if there is any), whatever credit card debt cannot be paid from your non-exempt property is discharged, in other words, eliminated. In ...
Continue reading "What Happens To Your Credit Card Debt in Bankruptcy?" »
Posted on Nov 19, 2009 By Infinity Law Group
The property you own becomes your ”bankruptcy estate.” This includes property you own that is in someone else’s possession, for example, a car you own that your mother drives. Also ...
Continue reading "What Property Can You Keep In Bankruptcy" »
Posted on Nov 13, 2009 By Infinity Law Group
Do You Need Bankruptcy Protection? If a lost job, illness, marital separation, or other problem has caused your debt to spiral out of control, Bankruptcy may allow you to: • Eliminate most or all ...
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