Every case is unique and if you are contemplating filing bankruptcy you should meet with an experienced bankruptcy attorney to determine what is in your best interest.
Read MoreTo some people, $10,000.00 of debt might not seem like a lot. But if you are struggling to make ends meet, and don’t have any money left after paying for your essentials, then you’ll never be able pay off $10,000.00. What makes it even worse is that the creditors may be able to sue you and garnish your wages. If you were having problems before, even a small garnishment could result in you being unable to pay your rent/mortgage, or car payments. If you don’t have anywhere to stay or don’t have a car to get it to work things can get worse very quickly. In this situation, it would make a lot of sense to file bankruptcy and get rid of the debt.
Read MoreIf you are considering filing bankruptcy without your spouse it is important to meet with an experienced bankruptcy attorney. Contact Andrew Magdy today at (314) 802-8328 for a free consultation.
Read MoreThe calculation of your household size is an important factor in determining whether you qualify for Chapter 7 Bankruptcy or what you must repay to unsecured creditors in a Chapter 13 Bankruptcy. It is important that you meet with an experienced bankruptcy attorney to determine what your applicable household size is.
Read MoreOne such asset is a cause of action for personal injury or medical malpractice. Every year several prescription drugs are found to be harmful and law suits are undertaken to help make injured victims whole. If you have taken one of these prescription drugs it’s important to let your bankruptcy attorney know. If you have a legitimate cause of action it may be best to postpone your bankruptcy so any recovery is not taken by the Trustee.
Read MoreAre you considering filing bankruptcy, but concerned some of your personal possession could be taken by a creditor? There are lots of companies that offer you quick loans in return for a “security interest” in your personal possessions, like your TV or your computer. These companies will threaten to take the property if you don’t pay them. Can bankruptcy help?
Read MorePerhaps you’ve received a large tax refund, inheritance, or personal injury settlement. Although you may have a large sum of money, it may not be enough to pay off your creditors. If you find yourself in this situation you should speak with an experienced bankruptcy attorney about your options, and the availability of pre-bankruptcy exemption planning.
Read MoreIn short, if you’ve been garnished more than $600.00 in the 90 days prior to filing a Chapter 7 Bankruptcy or a Chapter 13 Bankruptcy, you disclose the garnishment to your Trustee and have exemptions available to protect the garnished wages, we can get those funds back for you.
Read MoreThe Trustee is attempting to find any assets which he or she can liquidate for the benefit of your creditors. The hearing is generally very short, about five to ten minutes. Your attorney will have already asked you the same questions that the Trustee will ask, so there should not be any surprises. As long as you have been completely honest with your attorney, the meeting of creditors is almost certain to be a quick and simple meeting. Make sure that you bring your license or ID card and your Social Security Card! The Trustee must examine these items to verify your identity. Failure to bring these items will result in your case being continued.
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