Most individuals that are contemplating bankruptcy don’t really understand it fully. They general make the decision to go for this form of debt relief based on assumptions. They may have read some information about it on the internet or in other media. Or perhaps they have heard about it from others who have gone bankrupt. […]
[bkvideo file=”/bkvideos/Do not file until you know all of your options.mp4″ width=”590″ height=”443″ thumb=”default”] Video Transcript: Don’t file until you know all your options. If you are listening to me the chances are you need my help. You need to know your options, and all of them. The problem is that it’s really difficult […]
[bkvideo file=”/bkvideos/How often will I have to go to court complete.mp4″ width=”590″ height=”443″ thumb=”default”] Generally, consumers do not actually go to court or ever appear in front of a judge. Usually what happens is that the consumer and his attorney will appear in front of a bankruptcy trustee who will ask the consumer questions about […]
[bkvideo file=”/bkvideos/When will I be discharged from bankruptcy complete.mp4″ width=”590″ height=”443″ thumb=”default”] In a chapter 7, generally, the discharge is issued about five months after the case is filed. This does not mean that the case is closed – because sometimes chapter 7 cases do result in a distribution of money to creditors and that […]
[bkvideo file=”/bkvideos/Do I have to pay my bills complete.mp4″ width=”590″ height=”443″ thumb=”default”] When you file a Chapter 7 bankruptcy, most of the bills that are included in the bankruptcy will be discharged with no payment whatsoever. The only time you would pay bills listed in a bankruptcy is if you are going to keep the […]
[bkvideo file=”/bkvideos/Who notifies the creditors complete.mp4″ width=”590″ height=”443″ thumb=”default”] When you file bankruptcy, all of your creditors and bill collectors are listed in your bankruptcy petition. When that petition is filed with the court, the court will then notify all of the creditors listed in the petition of the bankruptcy filing.
[bkvideo file=”/bkvideos/How long does the bankruptcy process take complete.mp4″ width=”590″ height=”443″ thumb=”default”] The bankruptcy process can be divided into three stages. The first stage is the pre filing stage which begins with a consultation with a bankruptcy attorney. After that, you are required to obtain a number of documents and prepare information for the attorney […]