Debt Relief

What is Chapter 7 Bankruptcy? 5 Things You Need to Know

Chapter 7 Bankruptcy, also known as liquidation bankruptcy, is one of the most common forms of bankruptcy in the US. It is called liquidation bankruptcy because, after filing for Chapter 7, a bankruptcy trustee will be put over all of your nonexempt assets and liquidate them to help pay off your debts. That said, many people find bankruptcy exemptions can help […]

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How Does Chapter 7 Bankruptcy Means Test and Income Limits Work?

Your income may play a major role in Chapter 7 bankruptcy qualification. The exact qualification can be complex given the following reasons: So, the income limits for Chapter 7 qualification is complicated. The goal of this article is to simply for the income limits for you and provide state articles that can provide further clarity. We will

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Understand Chapter 7 Bankruptcy Income Limits By State For Qualification

Your income may play a major role in Chapter 7 bankruptcy qualification. The exact qualification can be complex given the following reasons: So, the income limits for Chapter 7 qualification is complicated. The goal of this article is to simply for the income limits for you and provide state articles that can provide further clarity. How Chapter

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What Happens When I Get an Increase in Income Under Chapter 13 Bankruptcy?

Your increased or decreased income could affect your Chapter 13 bankruptcy. When filing a Chapter 13 bankruptcy case (not to be mistaken with Chapter 7), your household income may be considered when calculating your Chapter 13 plan payment. Most people rely on employment as their sole source of income. So, their Chapter 13 repayment plan is based on their

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What is Chapter 13 Bankruptcy? 4 Things You Need to Know

We have all had times where money has felt scarce and impending payments seemed overwhelming, and bankruptcy can seem daunting. Can it provide future solvency? Let’s find out. While we can usually come out from those circumstances unscathed, there are times when we have to admit that we need help. This may be one of those times, and

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