Many people filing Chapter 7 bankruptcy wonder what happens after they have completed the meeting of creditors. What are the timelines for wrapping up the bankruptcy process and what else do you have to do? What happens to my property after the meeting of creditors? As part of your filing, you were required to […]
Chapter 7 Bankruptcy – More of the Basic Steps in Your Bankruptcy Where to File – Residency Requirements Under U.S. bankruptcy laws you can file in any federal court district where you have had a “domicile, residence, principal place of business or principal assets for the last 180 days.” For long-time Arizona […]
If you are not current on your car payments, your options will depend greatly on the type of bankruptcy you choose. If Chapter 7 bankruptcy is right for you, because you have mostly unsecured debt or would like to complete the process quickly, you may be wondering whether you have to surrender your car in […]
Tucson Chapter 7 bankruptcy covers all debts which are owed except for those which are outlined in section 523(a) of the bankruptcy code. Here is a list of those debts: Certain taxes, IRS debt Debts which are not listed in the bankruptcy petition Most alimony, child support or other domestic support obligation debts Fines and […]
Reaffirming credit card debt is almost NEVER a good idea, even the credit cards from a department store (like Best Buy which might give Best Buy a security interest in the purchased merchandise.) Creditors will offer reaffirmation agreements which will allow you to use the card after bankruptcy, however the credit limit will be low […]
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