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(Video) Can I Get Credit Cards After Filing Chapter 7 Bankruptcy?

Filing Chapter 7 Bankruptcy is public information. There are numerous companies who purchase this public information to solicit you immediately after filing Chapter 7 Bankruptcy. Credit card companies are notorious for sending credit card s...
July 22, 2018/by Wesley Scott

(Video) What Assets Must Be Disclosed In Chapter 7?

This is a common question we get. Do I have to disclose all my assets? Yes, when you file Chapter 7 Bankruptcy, you are required to sign the disclosures you make under penalty of perjury that all of the information contained in the disclosu...
July 21, 2018/by Wesley Scott

(Video) What Is A Chapter 7 Bankruptcy?

A Chapter 7 Bankruptcy is an asset based bankruptcy. Debtors do not make payments back to their creditors. Instead, debts get wiped out or discharged to the extent there are no non-exempt assets to liquidate and disburse to creditors. The v...
July 20, 2018/by Wesley Scott

(Video) Do You Have To Include All Debt In Chapter 7?

You don’t make payments back to your creditors in a Chapter 7 Bankruptcy. This is the opposite of a Chapter 13 Bankruptcy where you make regular monthly payments back to your creditors through a Chapter 13 Bankruptcy trustee.
July 19, 2018/by Wesley Scott

Unexpected Benefit: Stop Collection on an Allegedly Fraudulent Debt

Wasson & Thornhill -
You’re not likely to be accused of creating a fraudulent debt. But if so, bankruptcy can stop its collection. And resolve the problem.   Most Debts are Discharged (Permanently Written Off) in Bankruptcy The federal Bankruptcy Code has a list of the kinds of debts that filing bankruptcy does not discharge. This list details the conditions under which discharge does ... Read More
The post Unexpected Benefit: Stop Collection on an Allegedly Fraudulent Debt appeared first on Wasson & Thornhill.
July 16, 2018/by Wasson and Thornhill

Unexpected Benefit: Use Chapter 13 to Permanently Stop Student Loan Collection

Wasson & Thornhill -
Chapter 13 bankruptcy can help you permanently stop student loan collection. It gives you more time and flexibility to show “undue hardship.”   The Much Better Chapter 13 “Automatic Stay”   Last time we explained how bankruptcy’s “automatic stay” immediately stops student loan collections against you. But if you file a Chapter 7 bankruptcy this protection from collections lasts only the ... Read More
The post Unexpected Benefit: Use Chapter 13 to Permanently Stop Student Loan Collection appeared first on Wasson & Thornhill.
July 9, 2018/by Wasson and Thornhill

Unexpected Benefit: Use Chapter 7 to Permanently Stop Student Loan Collections

Wasson & Thornhill -
Chapter 7 bankruptcy can temporarily stop student loan collections. Here are several ways it can stop these collections permanently.   Bankruptcy gives you tools to deal with special debts—including those you can’t easily write off. Last week we got into income taxes. Today we discuss student loans, focusing on this special kind of debt in Chapter 7 “straight bankruptcy.” Next ... Read More
The post Unexpected Benefit: Use Chapter 7 to Permanently Stop Student Loan Collections appeared first on Wasson & Thornhill.
July 2, 2018/by Wasson and Thornhill

Unexpected Benefit: Use Chapter 13 to Permanently Stop Income Tax Collection

Wasson & Thornhill -
Bankruptcy can help you permanently stop income tax collection. That’s true even with more recent taxes that cannot be written off.   The Automatic Staying, and the Discharge, of Income Tax Debts Sometimes people are surprised to learn that filing bankruptcy gives you power over income taxes. It does so in two big ways. First, filing bankruptcy stops the IRS ... Read More
The post Unexpected Benefit: Use Chapter 13 to Permanently Stop Income Tax Collection appeared first on Wasson & Thornhill.
June 25, 2018/by Wasson and Thornhill

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