Double Trouble: How to Deal with Bankruptcy and Divorce

Divorce can be one of the most trying times in your married life – or rather, soon-to-be-ended married life. It can be stressful and even emotional to deal with a divorce. For one thing, you need to consider spousal and child support, asset and property distribution, and all those paperwork. In this kind of challenging [...]

By |2021-01-08T16:38:51+00:00January 7th, 2021|Bankruptcy, Family Law|0 Comments

Chapter 7 Bankruptcy Attorney: What You Need To Know About Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a liquidation proceeding where the court appoints a trustee to liquidate your assets for payment to your creditors. You assets include cash, vehicles, jewelry, antique, investments in brokerage accounts, and other possessions. Chapter 7 is often the simplest and quickest form of bankruptcy and is available to married couples, individuals, partnerships, [...]

By |2021-04-16T22:33:15+00:00September 9th, 2016|Bankruptcy|0 Comments

Income qualification for Chapter 7 Bankruptcy

In order to get a discharge under chapter 7 bankruptcy relief, you must meet certain income requirements. Among other things, your average income from all sources in the last six months should be less than or equal to the median income as specified in the median income guidelines. The median income depends on the locality [...]

By |2016-08-01T00:44:44+00:00July 31st, 2016|Bankruptcy|0 Comments

Difference between Chapter 7 and Chapter 13

If a debtor does not have assets which are above the exempt assets allowed and has an income which is equal to or less than a median income, he will most probably be qualified for Chapter 7 Bankruptcy Relief. However, if the debtor's income is more than the allowed median income and/or his assets are [...]

By |2016-11-23T18:24:50+00:00June 7th, 2016|Bankruptcy|0 Comments
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