Chapter 7 Bankruptcy

Filing Bankruptcy in Ohio: What You Need to Know

06/02/12

Filing for Bankruptcy in Ohio: a Little Different Than the Rest of the Country No two bankruptcy cases are exactly alike. Although the bankruptcy code is organized under federal law and applies in similar fashion throughout the country, each state has its own laws that govern local bankruptcy cases. The Ohio legislature has enacted laws, [...]

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Bankruptcy in Michigan: What You Need To Know

05/31/12

Filing Bankruptcy in Michigan: an Overview Michigan bankruptcy courts are divided into two districts: the Eastern District and the Western District. The Eastern District of Michigan bankruptcy court is further divided into divisions. Bay City, Detroit and Flint all have a bankruptcy court to serve local debtors. Similarly, on the west side of the state, [...]

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Is filing bankruptcy bad? Can it be good?

05/29/12

Each bankruptcy case is different: Don’t throw the baby out with the bathwater You’ll hear a lot of people conclusively say: “bankruptcy is bad.” Why? Why is the general consensus that filing for bankruptcy is a bad thing? While it is true that filing for bankruptcy is evidence of trouble with personal finances, that’s not [...]

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Chapter 7 Bankruptcy in Texas: What You Need to Know

05/28/12

Filing chapter 7 bankruptcy in Texas: different from the rest of the country? The state of Texas takes pride in doing things differently than the rest of the country. However, when it comes to bankruptcy, Texans will find some similarity in the process regardless of which region they file in. The bankruptcy code is federal [...]

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Dealing With a Financial Surprise

05/24/12

There are two typical types of financial setbacks that lead to bankruptcy for most people: a huge surprise, and a slow and steady increase in debt.  If you are on the surprise side of things, as many of us are from time to time, it is important to follow several important steps.  If you just [...]

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Negotiate With a Chapter 7 Trustee, Not The Credit Card Company

05/22/12

So you have some excess equity in your car of some other assets, but you cannot afford a Chapter 13 repayment plan and your income is under the median income for your family size. You still need a bankruptcy discharge to get a fresh start and begin rebuilding your credit. What should you do? In [...]

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Your exemptions are

05/18/12

Your exemptions are personal. Amount varies by State. California provides hegher Homestead Exemption for individuals 65 years or older. California Homestead Exemprion also higher for disbled individuals. because you are 65 years old and disabled, you would qualify for the higher exemption in California.

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