Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
If you are a non-netizen, you might amaze to know what internet can do for you these days. It can actually do each and everything – even file your bankruptcy petition for you. Thinking how convenient it would have been – right? Well, with the growth of the internet, most private and public sectors and even the legal sphere have started offering their services ...
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In most occasions, you can both keep your car and file for bankruptcy. The ultimate decision, however, absolutely depends on you. But, do you really? However, when I talk about your car, I really mean it. I believe it is the one you own or for which you are making monthly payments, Are you leasing a car? Well, this might be a great time to land on your own transport ...
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Technically, if you fail to continue with your Chapter 13 payment plan, the bankruptcy trustee or the creditor will certainly request the court to dismiss your bankruptcy filing. However, you are still left with many alternatives to save your bankruptcy case and obtain a discharge. Read on to know the alternatives you may have: 1. Get current on your payments As per ...
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As you move ahead to execute your chapter 7 goals, one of the forms you need to file is Individual Debtor’s Statement of Intention (Official Bankruptcy Form 8). By filling out this form you communicate the court, the trustee and creditors how you think to handle your secured debts: those debt that are secured against collateral.Statement of Intention formThe latest ...
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Filing a bankruptcy petition along with your spouse could save you both time and money. This kind of filing is known as joint bankruptcy filing. Read on to know more about it: When you file together, you submit a single set of bankruptcy papers with the court. In this petition, you and your spouse disclose all the property, debt, income and expenses you are having. ...
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Chapter 128 is a substitute to bankruptcy since it makes you pay the debts instead of discharging them altogether. It works more like a voluntary debt consolidation plan, which is under the supervision of the Wisconsin Circuit Court System. And there lies the glitch, that this plan is specific to the state of Wisconsin only. How does Chapter 128 work? Chapter 128 ...
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The Bankruptcy Abuse Prevention and Consumer Protection Act was signed into law by President George Bush in 2005 and this made some sweeping changes to the US Bankruptcy Code. ‘Means test’ was one of those changes. This test determines whether or not your income is low enough to file Chapter 7 and it keeps the higher income filers from discharging their debt and ...
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People that are deeply in debt often consider filing chapter 7 bankruptcy. This is one kind of legal procedure that can help people get a fresh start by eliminating debts. There are several different kinds of formats for this procedure and this kind may be appropriate for some people. Why people may need this? People may have been less than careful with using credit ...
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