How long does the bankruptcy process take?

For Chapter 7s, once the filing is made, an automatic stay prevents further collection activity against you, with a few exceptions, such as child support proceedings. You will have a creditors meeting the following month, and you will get your discharge within three months of the creditors meeting. For Chapter 13s you will have a creditors' meeting and a plan confirmation meeting. Once your plan is confirmed, you will be required to make monthly payments to the Chapter 13 trustee for a minimum of three years, maximum five years, and receive your discharge upon completion of your payments.


For either chapter 7 and chapter 13 you will have to get a second certificate — known as a financial education or debtor education certificate — from one of the court approved credit counseling companies proving you took a class (online, by phone, or in person). We will file that certificate with the Court for you.

Bankruptcy Information

Bankruptcy is a legal term to formally identify an individual as bankrupt. It refers to the inability of any debtor or organization to pay their creditors. In majority of the cases, bankruptcy is initiated by debtors or organization themselves.

New Bankruptcy Laws?

There is now a new law for bankruptcy that was passed called the "Bankruptcy Abuse Prevention and Consumer Protection Act". People struggling to pay their credit debts are now going to have to deal with this new bankruptcy law.



Bankruptcy Can Stay On Your Credit Report For 10 Years

The new bankruptcy legislation, which took effect on Oct 17, 05, has made the process of filing for bankruptcy a more laborious task, for attorneys and debtors. Of course, that's one side of the coin and the shift is undoubtedly geared towards benefiting the end customer; the debtor.

Some Easy Steps to Get Home Loans

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You are planning to buy a home. We will go through the necessary steps to get home loan: some before you apply for it and some after you apply for it.

# Before you begin shopping for your home, it’s good to figure out your budget. This prevents any of those nasty surprises later on, making home ownership enjoyable rather than an overwhelming burden.

# 2 Get Pre-qualified for a home loan: Getting pre-qualified for a home loan is a good idea because it gives you an idea how much you can borrow.

Easy Home Loans When You Have Credit

These days its fact that its not hard to get home loans. Either its home equity loan or its mortgage loan and availability of easy home loans is in full bloom.
Home Loans safe for all loans are given at the residence of the borrower. All the valuables may be placed into the safety of the loan lender.

This is the basis for obtaining property lender as the security of the home loans for all can be consulted by all. So the loans may be made by the borrowers who want smaller or larger, depending on their own debt assets. You can choose from a financial background, all approved for home loans easily. A major advantage of home loans to all loans carry lower interest rates for each borrower and therefore loans are rarely a repayment burden.

You can source for everything from home loans to banks, financial companies. Make sure to compare interest rates before a specific lender. Online lenders have lower prices as competition in the loan market.