If you are thinking about filing bankruptcy, you may be wondering “how long does a Chaptre 7 bankruptcy and Chapter 13 bankruptcy last?” Both types of bankruptcy can help you, if you are in debt. If you want to file bankruptcy but want to know how long the bankruptcy process is, you have come to the right place. Below we will talk about each chapter.
If you are in debt you may be looking to hire a bankruptcy lawyer to help you file bankruptcy. Bankruptcy lawyers may be expensive if you are on a tight budget. You may be looking for a “zero down bankruptcy lawyer near me” or a bankruptcy lawyer that allows you to file bankruptcy for “zero …
If you are looking to file bankruptcy because you are in debt, you are not alone. Many people in Staten Island file bankruptcy everyday because they have fallen behind on their bills. Having debt looming over your head can cause physical and emotional stress. Finding the best bankruptcy lawyer in Staten Island is a good way to get out of debt and start over. A good Staten Island bankruptcy lawyer will be able to review your financial situation and determine if filing bankruptcy in Staten Island is the right option for you.
If you have medical debt and are thinking about filing bankruptcy, you should not ignore these bills. Many individuals will start by receiving late payment notices. Ignoring these can eventually lead to a medical provider suing you and getting a money judgment against you. A money judgment can lead to a wage garnishment, bank levy, or the placement of a lien on any property that you own. These can have huge impacts on your credit score and financial situaion. When a creditor gets a judgment against you, they can garnish up to 10% of your gross wages. This can be a large lump sum for people who are already struggling to make ends meet.
Filing bankruptcy to get rid of medical debt, can be a great way to get back on your feet. Individuals looking to file bankruptcy, have two options. They can file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy.
Many people who are in debt, often contemplate filing bankruptcy. Many people who are thinking about filing bankruptcy in Staten Island research all of the bad conotations that go along with filing bankruptcy and wonder “What is the downside of filing bankruptcy?” For people who are riddled with debt and can barley make ends meet, filing bankruptcy often has more advantages than disadvantages. If you have been falling behind on your debts, filing bankruptcy is a legal way to get your debts eliminated.
As the impact of the coronavirus continues impacting the livelihood of many individuals, people are contemplating whether or not they should be filing bankruptcy. With so much uncertainty many individuals have lost their income and feel that they have nowhere to turn. The Coronavirus outbreak is leaving many individuals confused about their finances. Below we will look at whether filing bankruptcy because of the coronavirus is the right choice for you.
Many people contemplate filing bankruptcy as a last resort. People who are suffering financially can file bankruptcy in Staten Island to help them get out of debt. Bankruptcy can be a great tool to get individuals back on their feet and start over. If you are thinking about filing a Staten Island Bankruptcy, you are probably wondering what happens when you file bankruptcy in Staten Island. Below well will discuss what will happen to your credit score when you file bankruptcy in Staten Island.
Many people who are struggling to pay their credit card debt, personal loans or medical bills often try to find local bankruptcy lawyers to speak with them. Many times individuals who are looking for a bankruptcy lawyers in New Jersey or bankruptcy lawyers in Staten Island, always want to speak with a local lawyer to be reassured that if they decide go forward with filing bankruptcy, their life won’t be ruined forever. As a New Jersey bankruptcy lawyer and Staten Island bankruptcy lawyer, that files many bankruptcy cases, I can tell you first hand, that life after bankruptcy for most is a lot better than what it was before they filed.
Will I Be Able to Get Credit Again If I File Bankruptcy?
One of the most asked questions we get is “Will I be able to get credit again if I file bankruptcy?” Fortunately, the asnwer is yes. Many individuals read information from debt settlement companies online that say that if you file bankruptcy, you won’t ever be able to get credit again. This is completely false. Most of our bankruptcy clients extend credit as soon as our client receives a bankruptcy discharge. Filing bankruptcy will not ruin your life forever. Mortgage lenders, motorvehicle lenders, and credit card companies will not automatically not lend credit because you filed bankruptcy. Bankruptcy laws were enacted to help individuals who needed a fresh financial start. The very purpose of bankruptcy is to allow people to get back ontheir feet. Thus, filing bankruptcy can be a great step in the right direction.
When individuals file bankruptcy often times their credit score goes up. This is because credit bureaus take into consideration debt to income ratio. After a bankruptcy is filed an individual has no debt. Thus, credit scores in some scenerios actually increase after filing bankruptcy.
If you are thinking about filing a Staten Island bankruptcy or a New Jersey bankruptcy, you may be wondering- how bankruptcy will affect my job? Many individuals in New York and New Jersey file bankruptcy everyday to help get out of debt. In most cases bankruptcy will not affect your job. Many people who come to us are often concerned that their employer will find out about their bankruptcy. In most cases an employer will not be aware that you filed bankruptcy.
If you have received a summons or complaint regarding a debt collection lawsuit for a credit card or other debt, you can’t ignore it. A lawsuit from a creditor will not go away if you ignore it. Further, ignoring a lawsuit can ruin your credit and put you into a much worse financial position. Ignoring a debt collection lawsuit can do a lot of damage to your credit score. Moreover, creditors can enforce a judgment for up to 20 years in New York and New Jersey. This means that once a creditor gets a judgment against you, they will be able to garnish your wages, freeze your bank account or put liens on your property.