Qualifying for the Tremendous Tools of Chapter 13
You may want the fast fresh start of a Chapter 7 case, but sometimes your circumstances scream out for a Chapter 13 instead.
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Five Truths about Qualifying for Chapter 7 Bankruptcy
Not everyone who wants to file a Chapter 7 “straight bankruptcy” can do so. But most can.
Chapter 7 vs. 13–the Easy Choice, and the Not So Easy
Picking the right Chapter to file can be simple, or it can be a very delicate, even difficult choice.
Luxury Sales–Some Very Tangible Evidence of the Widening Income Gap
Rich Americans are buying again. The rest of us–not so much.
Bill Gates and Warren Buffett Want Higher Taxes for Themselves
The two richest people in America think they are under-taxed. Do they know what they are talking about?
Does Filing Bankruptcy Affect a Non-Citizens Immigration Status?
Usually not. But in some limited situations the indirect consequences can be huge.
Do Non-Citizen Debtors Get All the Benefits of Filing Bankruptcy?
In my last blog I said that non-citizens–legal or not–can file bankruptcy. All they need is appropriate identification. But that begs two questions: 1) Would that non-citizen receive all the benefits from that bankruptcy that a citizen would receive? 2) And would filing the bankruptcy hurt a legal non-citizen’s efforts to become a citizen, or would it increase an illegal immigrant’s risk of deportation?
Can Non-Citizens File Bankruptcy?
The answer is simple: Yes.
Buying Just Enough Time for Your Home with a Chapter 7 Straight Bankruptcy
What if you are under threat of foreclosure, donât want to keep your house, but just need a little more time to find another place to live? Or if you just need to finish a pending sale before the scheduled foreclosure happens?
Or maybe you donât want or need the extra benefits of Chapter 13. Or you just want to put it all behind you in a few months instead of going through a 3-to-5 year Chapter 13 Plan. A Chapter 7 âstraightâ bankruptcy may give you just the right amount of help.
Keep Your Vehicle In Spite of Paying Less Every Month
What if you really need to hang on to your car or truck, but canât afford the monthly payments? Or if youâve fallen behind and just canât catch up?
âStraight bankruptcyâ – Chapter 7 – wonât help you here. Most of the time, you have to either quickly catch up or you lose the vehicle. And very few vehicle lenders will negotiate about the payment amount in a Chapter 7 case. With rare exceptions, itâs take it or leave it.