Category: Chapter 7

How Much Do You Have to Be in Debt to File Chapter 7?

When every call you get is from collections and you’re drowning in debt, you may want to consider filing for Chapter 7 bankruptcy. Bankruptcy may ...

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How Much Equity Can I Have in My Home and Still File Chapter 7?

Chapter 7 bankruptcy, sometimes called "liquidation bankruptcy," allows individuals to discharge most of their unsecured debts for a fresh start. During this process, a bankruptcy ...

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How to File Chapter 7 with No Money

A Chapter 7 bankruptcy filing can provide much-needed relief to individuals struggling with overwhelming debt. However, the cost of filing can be a significant barrier ...

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Will I lose my house in a bankruptcy?

Going through bankruptcy may end up being the best decision that you ever make for your financial and mental health. However, there are some concerns ...

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What are main differences between Chapter 7 and Chapter 13?

If you face severe financial problems in New York and have begun thinking about filing bankruptcy, you likely have numerous questions. For instance, which type ...

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An overview of how Chapter 7 bankruptcy works

Even though the national economy has rebounded nicely in the last few years and the stock market is regularly reaching all-time highs, the unfortunate reality ...

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How do you make the decision to file for Chapter 7 bankruptcy?

When New York residents face financial challenges, they also face difficult questions. They may explore all of the possible options, but, in many cases, the ...

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What is a “trustee” in a Chapter 7 bankruptcy?

The economic downturn of 2008 hit many Long Islanders and other New York residents hard. The economic slowdown affected the ability of businesses to hire ...

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What are some examples of Chapter 7 bankruptcy exemptions?

When a person in Long Island files for Chapter 7 bankruptcy, his or her property will be collected and then sold off to pay back ...

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Reaffirming debt in a Chapter 7 bankruptcy

As some Long Island residents may already know, a Chapter 7 bankruptcy filing can be the financial lifeline they need to climb out from under ...

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