by CEF | Dec 27, 2016 | Chapter 13, General
If you file a Chapter 13 bankruptcy case, you will be under the scrutiny of a court-appointed trustee during the life of the plan — either 3 years or 5 years. If you have filed a plan that is paying less than 100% of your debt back to your creditors, the...
by CEF | Dec 27, 2016 | Chapter 7, General
A lot of people wonder if they will lose part or all of a tax refund if they file for Chapter 7. The answer is that it depends, but if you plan carefully, you can maximize the amount of money you can keep from a tax refund. When you file for bankruptcy, your tax...
by CEF | Dec 26, 2016 | Chapter 13, Chapter 7, Credit Reports, General
Many people think that after filing Chapter 7 or Chapter 13 their credit will be forever ruined. Not true. First, bankruptcy filings will disappear from your credit report after 10 years. You say, 10 years! How can I wait that long to have another credit card!...
by CEF | Dec 25, 2016 | Credit Reports, General
Usually, for your first consultation with a bankruptcy lawyer, you will be asked to go online and get a copy of your credit report (or your attorney will arrange to get one for you). Under federal law, you are entitled to one free credit report per year. But be...
by CEF | Dec 25, 2016 | Chapter 13, Chapter 7, General
In the past, people would ask around to find a good attorney. Choosing a bankruptcy attorney that way was awkward, however, given that you might not want your friends and neighbors to know about the state of your finances. Why feed the neighborhood gossip mill?...
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