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You can try credit counseling, as well as debt consolidation. That way your credit won't be ruined.
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∙ 16y ago
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Should a Christian file bankruptcy?
Filing bankruptcy has no affiliation with religion. If filing bankruptcy is he best financial options available, then you should do it.
Do you have to get credit counseling before you can file for bankruptcy?
You do not have to necessarily get credit counseling before you can file for bankruptcy.
If you are in bankruptcy and its making things harder than before, are there any options available to me?
Depending on the type of bankruptcy you are in, you can drop out of it, often just by not making the required payments. Please note though that the bankruptcy will still appear on your credit reports for 10 years and you may have a hard time filing again, if you need to.
What is some of the best bankruptcy advice?
"The best bankruptcy advice would be to consult with a bankruptcy lawyer, who can advise you of all your options. Talking with a debt consolidation company can also be very helpful."
What are my options for debt relief besides filing bankruptcy?
Instead of filing bankruptcy, you can contact your lenders and negotiate settlements with them. If they are aware that you are facing bankruptcy, they often will settle for amounts less than what you owe them.
Can you change a joint bank account with a parent before chapter 7 bankruptcy in ny state?
Yes you can change a joint bank account before a Chapter 7 bankruptcy. You should have your finances in order before you file a bankruptcy.
Which taxes are not eligible for bankruptcy?
Payroll taxes and penalties for fraud are not it is not eligible for bankruptcy. If the debtor filed a tax return for the relevant tax years at least two years before filing, then it is not eligible for bankruptcy. If the tax debt is from a tax return that was originally due at least three years before filing for bankruptcy then it is not eligible for bankruptcy. If the IRS assessed the tax debt at least 240 days before the debtor filed for bankruptcy, then it is not eligible for bankruptcy.
Options when payor cannot afford chapter 13 and too soon for chapter 7?
Good question. It is always a good idea to be fully aware of the bankruptcy system and the effect it will have on your life before filing. Filing for bankruptcy is the best remedy for many debt problems. However, there are other courses of action that may be better in certain situations, allowing you to avoid bankruptcy completely. One benefit of hiring a bankruptcy attorney is that doing so might actually help keep you out of bankruptcy court.
How much income is too much for chapter 7?
Income has little to no determination on one's ability to file for bankruptcy. It's the debt to income ratio that most bankruptcy courts look for. Consult a bankruptcy attorney; there may be other options that will not impact your credit as harshly as bankruptcy.
Can you file a bankruptcy 13 when your bankruptcy 7 was discharged with restrictions?
Transformation is possible but before taking any step firstly consult to bankruptcy attorney.
What are the basics of bankruptcy law?
Bankruptcy law is when a judge declears that you have the inablity or impairment to pay a debt.creditors may file an involintary bankrupcy to reclaim some of their debt.
Will your credit rating be affected by your partner filing bankruptcy?
If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.
