Recent Posts in Chapter 7 Category
Posted on Aug 29, 2011 By Infinity Law Group
Another cause for people filing personal bankruptcy is identity theft. Most people who are victims of identity theft don’t know about it until all of their credit has been maxed out by some ...
Continue reading "Free Finance Tools - Part 2: AnnualCreditReport.com" »
Posted on Jul 5, 2011 By Infinity Law Group
Some people may believe that a Chapter 13 bankruptcy will look better on their credit record. Many believe this to be the case because in a Chapter 13, the debtor is paying back some of their debt ...
Continue reading "Does Chapter 13 bankruptcy look better on my credit record than a Chapter 7 bankruptcy?" »
Posted on Jul 1, 2011 By Infinity Law Group
Generally you are not allowed to use any credit cards that you had when you filed for Chapter 13 Banktupcy. However, there are some instances when you can obtain credit for some specific need of ...
Continue reading "Can I Incur New Debt During a Chapter 13?" »
Posted on Jul 4, 2010 By Infinity Law Group
The ‘meeting of creditors’ is held in every Bankruptcy case. The debtor is required to attend this meeting and this is usually the only meeting or hearing that the debtor is required to ...
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Posted on Jun 17, 2010 By Infinity Law Group
A Chapter 7 bankruptcy has no debt limit on the total debt involved. As for Chapter 13 bankruptcy filings, since 2007 the limit of debt has been $1,010,650 in secured debt, and $336,900 in unsecured ...
Continue reading "Are there debt limits in a bankruptcy?" »
Posted on May 19, 2010 By Infinity Law Group
There are four types of bankruptcy cases that can be considered: Chapter 7 : This is known as the “liquidation” bankruptcy which requires a debtor to give up property which exceeds your ...
Continue reading "What Different Types of Bankruptcy Should I Consider?" »
Posted on Apr 20, 2010 By Infinity Law Group
A 341 meeting in a Chapter 7 bankruptcy takes place within 5-6 weeks from the day the bankruptcy petition is filed. The meeting provides a gather place for potential creditor objections and the ...
Continue reading "What's Involved in a 341 Meeting?" »
Posted on Jan 21, 2010 By Infinity Law Group
Provided there’s no fraudulence, a Chapter 7 Bankruptcy concludes within 3-4 months from the filing date. Once a chapter 7 is filed electronically with the Bankruptcy Court in Boston, the Court ...
Continue reading "How long will a Chapter 7 bankruptcy take?" »
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 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 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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