About Me

Understanding Bankruptcy Cases and Outcomes

Hello, my name is Quianna Ridalgo. I enjoy talking to others about bankruptcy case outcomes. Court officials handle each type of debt, from credit cards to home loans, differently. Debtors must carefully prepare themselves for the court proceedings to cope with the outcome appropriately. The way creditors handle the discharged debt also interests me. Bankruptcy attorneys assist their clients with each step of the bankruptcy process from filing paperwork to meeting with creditors. Debtors and creditors both receive counsel that helps them move forward appropriately at every point in the case. The information I share on my site may help you learn about everyone's role in these complex cases. Feel free to come by anytime to learn more information about this interesting subject.

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Understanding Bankruptcy Cases and Outcomes

The Benefits of Hiring a Chapter 13 Bankruptcy Attorney
Dealing with financial struggles and overwhelming debt can be incredibly stressful and overwhelming. For individuals considering filing for bankruptcy, it can be a daunting and complex process. However, having the help of a knowledgeable and experienced Chapter 13 bankruptcy attorney can make all the difference. In this blog, we will discuss the benefits of hiring a Chapter 13 bankruptcy attorney. Expertise in Bankruptcy Law One of the main benefits of hiring a Chapter 13 bankruptcy attorney is their expertise in bankruptcy law.

When Is Chapter 13 Bankruptcy the Right Choice?
Bankruptcy can be a scary word, but for many people, it can also be a necessary step towards financial stability. There are different types of bankruptcy, each with its own set of rules and requirements. One option that may be suitable for some individuals is Chapter 13 bankruptcy. In this blog, we will discuss when filing for Chapter 13 bankruptcy may be the right choice for you. You Have a Steady Income 

Legal Assistance For Chapter 13 Bankruptcy
Did you file for Chapter 7 bankruptcy but were denied due to not passing the means test because you make too much money? If the thought of having to continuously deal with creditors makes you feel frustrated and hopeless, hire a lawyer to discuss filing for Chapter 13 bankruptcy. A lawyer can find out if you qualify and help you get the filing process started if you decide that Chapter 13 bankruptcy is right for you.

Facing Foreclosure: How Filing For Bankruptcy Could Help
Most people are aware of the fact that a mortgage cannot be discharged as part of a bankruptcy case because this debt is secured by their home. Consequently, most people simply assume that filing for bankruptcy will not help their situation if they are facing a foreclosure. However, while you may not be able to eliminate your mortgage by filing for bankruptcy, the truth is that this debt relief option could still help you to get your home out of foreclosure.

What Chapter 7 Filers Should Know About Their Home Loans
If you are considering filing for some financial relief using a Chapter 7 bankruptcy, you will need to take into account how it can affect your home loan. Mortgages are a special type of bankruptcy debt, and what happens after you file depends on two major factors. Read on to find out how your payment status and exemptions can affect your home loan. You Don't Have to Lose Your Home With Bankruptcy

Top Important Decisions That A Bankruptcy Law Attorney Can Help You Make
When it comes to your finances, you might be used to making your own decisions. Now that you might have found yourself in a bad financial situation, however, you might feel as if you could really benefit from working with someone else and getting their advice. For example, now might be a good time for you to meet with a bankruptcy lawyer who can provide you with some advice about bankruptcy-related matters.

Two Reasons Your Chapter 13 Petition May Be Rejected
Chapter 13 bankruptcy can help you catch up on past due payments, pay off some bills, and get back on track financially. While it's much easier to get approved for a chapter 13 bankruptcy than it is a chapter 7, here are two issues that could cause the court to reject your petition. You Don't Make Enough Money At the fundamental level, chapter 13 bankruptcy is a state-run debt consolidation program.

Bankruptcy Filing Precautions
Bankruptcy is a major undertaking, and care should be used as you approach your filing. The actions you take in the months preceding and directly following a chapter 7 filing can influence the outcome of your case in a dramatic fashion. Read on for some precautionary measures to take that can mean a smoother and more positive bankruptcy process. About the Idea of Fraud Most people who file for bankruptcy have no intention of committing a fraudulent act, but it happens nevertheless.

What If I Forget To List A Creditor During Bankruptcy?
When filing for Chapter 7 bankruptcy, you are expected to list all of your creditors. These creditors will be the individuals whose debts will be discharged. However, if you forget to list a creditor during Chapter 7, your debt for the creditor will not be discharged, except under certain circumstances.  A bankruptcy trustee will be appointed to sell any of your non-exempt property. This will be to benefit the creditors who will receive a portion of the sales.

3 Reasons You Need To Hire A Bankruptcy Lawyer
When your financial situation gets to the point where bills and expenses continue to mount and you can no longer keep up with payments, life can be very stressful. While it is a difficult choice to make, in many cases, bankruptcy can be your best option when you have accrued more debt than you can afford to repay. However, you should not make the mistake of attempting to file for bankruptcy on your own.

Correction Bankruptcy Misinformation You Might Assume Is True
While individuals often assume that a person that has incurred excessive debts has been irresponsible, there are many instances where a person may find these debts can be unavoidable. This is often the case when a person suffers an unexpected medical expense, loss of employment or other hardships. Myth: Bankruptcy Will Clear Away All Of Your Debt There is an assumption that a bankruptcy filing will be able to completely wipe away all of the debt that a person has incurred.

Chapter 13 Bankruptcy & Avoiding Foreclosure: Faqs
When you initially took on your mortgage, you had every intention of making your monthly payments as a responsible borrower. Somewhere along the lines, something happened to put you behind, and you can no longer afford to pay back your past due payments and keep your mortgage current. Unfortunately, too many missed payments means your home could go into foreclosure, which basically means the financing agency begins the process of recouping their loss and you will have to leave your home.

Tips For Overcoming A Financial Bind
Spending money is something that is necessary in life as it is needed in order to acquire many of the things that are needed to survive. However, spending money in a careless manner and purchasing items on credit often leads to a financial bind that is difficult to get out of. Not only does getting out of debt become a problem, but you must also deal with bill collectors constantly calling to demand money.

Are You In The Military? Know How This Can Benefit You During A Bankruptcy
If you're a current member of the military or a veteran, you may be well aware that there are benefits you can receive once you come back home. Some of these benefits are exclusive to military members, and regular people cannot even get them if they wanted to. This includes benefits that are a part of bankruptcy filings. Be aware of what advantages you can have if you need to file for bankruptcy in the future.

Things To Avoid Before Filing For Bankruptcy
If you are in desperate need of financial relief and have decided to use bankruptcy, there are several important things you should avoid doing before you file. If you do the wrong things, it could harm your case, and here are some of the top things you should try to avoid doing before you file. Racking Up New Debt Some people will intentionally use their credit cards to buy things they want just before filing.

Is Bankruptcy The Right Move For You?
If you are considering filing a chapter 7 bankruptcy, you may be wondering if doing so is worth the potential negative effects on your credit. You should keep in mind that credit can be rebuilt over time and that if your finances are in chaos, a bankruptcy may be the only solution. A chapter 7 bankruptcy provides several different positive effects that more than counteract the negative ones, so read on to learn more.

Paying The Price For An Auto Accident
Being involved in an auto accident can not only be frightening, it can be costly. Even if you have good insurance coverage, there are a lot of costs that you might end up paying out of your own pocket. Seeking financial compensation against the liable party in a personal injury case can help you recoup some of the money that you will spend following a car accident. Being familiar with the true price you will pay for an auto accident will help you see the value in seeking the help of an experienced personal injury attorney.

What To Know About Bankruptcy And Foreclosure
Are you potentially facing bankruptcy and worried about how it will impact your home? If so, you could be looking to come out on the other side with your home still belonging to you. Here is what you need to know about foreclosure and bankruptcy. Bankruptcy Will Not Prevent Foreclosure Forever For homeowners that are facing foreclosure, you must know that a bankruptcy filling will only temporarily prevent your home from being foreclosed.

Means To An End: What To Know About Bankruptcy Means Testing
When you are considering a bankruptcy filing, you should take into consideration all facets of this legal act and have a full understanding of what is involved. Moreover, a chapter 7 bankruptcy filing will impact your ability to get more credit for many years, so it should not be an impulsive move. In most cases, financial hardship drives most to make that big decision, and there are few things more efficient than a bankruptcy filing to eliminate debt and put an end to both debt collection efforts and lessen the potential for losing property.

Before Bankruptcy: What To Consider
When the stress from your bills and financial life are so overwhelming that you can't take it anymore, bankruptcy can seem like a welcome solution. However, to truly recover from this period in your life, you'll need the information and tips here before you even complete your bankruptcy petition. Know that All Your Debts Might Not Disappear A common misconception about bankruptcy law is that every single debt you've got will be cast aside once you complete your bankruptcy petition.

Thinking About Bankruptcy For Credit Card Debt? What You Need To Know
The average American household has somewhere around $17,000 in credit card debt. However, some people have debt that far exceeds this amount. If you happen to fall in the latter group, bankruptcy may be an option that can offer you some relief, but there are some things you need to know if you're considering this decision. Talk To The Bank First Bankruptcy should never be your first resort. While it can help you avoid financial ruin by eliminating your debts, it does come with short and long-term consequences.

How Chapter 7 Bankruptcy Deals With IRS Tax Liens
Filing Chapter 7 bankruptcy is a good option if you want to get out of debt without repaying all the debts you owe, but it has limits. In other words, Chapter 7 bankruptcy will not usually eliminate all the debts you have, and it may not eliminate IRS tax liens you have on your house. Here are a few things you should understand if you have IRS tax liens on your house and are planning on filing for Chapter 7 bankruptcy.

Everything You Need To Know Before Filing Bankruptcy
If you're looking for debt relief and considering filing bankruptcy, you aren't alone. Determining whether or not to file bankruptcy is a huge decision. Before proceeding, you need to make sure it's the right option for you. In order to do this, you need to know if you qualify for filing bankruptcy, if your bankruptcy will benefit you in the future, and what other debt relief options are available. So, before you contact a bankruptcy attorney, learn more about your options so that you can make the right decision for your family.

3 Major Credit Tips
As a person wanting to make the most of their finances, you owe it to yourself to get a great handle on credit and make the most of it. Your credit score and availability can work in your favor, but if your credit rating is poor it can cause you a lot of heartache. Because of this, you'll need to internalize some practical tips to keep you on the positive end of things when it comes to credit.