Five Reasons to File Chapter 13 Bankruptcy Instead of Chapter 7 In certain situations Chapter 13 bankruptcy is the best option for debtors, and at other times, it is the only option. Let’s look at when Chapter 13 bankruptcy is better than Chapter 7. Do You Have...
The Repo Man Cometh: Part 2
We saw in part one how to get your repossessed car back. In part two we will see what happens if you chose to give up a repossessed vehicle and how bankruptcy can help. Go Ahead and Take it! What if you can't afford the back payments and all of those extra fees? Even...
The Repo Man Cometh: Part 1
Is there anything scarier than walking out to your car only to find that it's gone? Sure it could happen any time somebody wants to steal your vehicle, but what about when it is taken by the repo man? He has the right and the means to take it, and there isn't a whole...
Student Loans and Bankruptcy
Student Loans and Bankruptcy: Can I Kick Sallie Mae to the Curb? Nope. Sorry. You probably can’t. You can discharge all kinds of debt in bankruptcy such as credit cards, medical bills, personal loans and the like. And if you are willing to part with the collateral,...
Do it Yourself Bankruptcy
DIY Bankruptcy: Is it a Good Idea? Ever heard of do it yourself brain surgery or building your own rocket to fly to the moon? Though bankruptcy isn’t rocket science or brain surgery, it sure isn’t making Kool-Aid either. Legally you can file bankruptcy on your own,...
He’s No Sapp. Bankrupt Former Tampa Bay Buccaneer Seeks to Reduce His Child Support Payments.
He made millions of dollars as a defensive tackle in the NFL. But unfortunately for Warren Sapp, knowing how to make money on the field doesn’t necessarily equate to making it off the field. Earlier this year the Pro Bowl great filed for bankruptcy, sighting both poor...
What is the difference between Chapter 7 and Chapter 13 Bankruptcy?
Chapter 7 is the simplest, most straightforward type of bankruptcy and often the most beneficial for many people. It wipes out credit card debt, repossessions, foreclosure deficiencies, medical bills, signature loans, certain taxes, and most other types of debt.
What is the bankruptcy process like?
A typical Chapter 7 bankruptcy takes about six months from start to finish. Prior to filing, a mandatory pre-bankruptcy credit counseling course must be taken.
What assets can I protect in a bankruptcy?
If you have lived in Arizona at least two years and are filing an Arizona bankruptcy, the property you can keep is determined by Arizona exemptions which allow you to have a house in Arizona with up to $150,000 of equity and a vehicle with up to $5,000 of equity.
What does it cost to file bankruptcy with Meyer Law?
We make our fees as affordable as possible. At your free consultation with an experienced attorney, we will discuss your case with you in detail and give you a quote based on how complicated (or simple) your case is.