Divorce & Bankruptcy

Divorce & Bankruptcy It’s common for a debtor to file bankruptcy shortly after their non-filing spouse files for a divorce. Sometimes this is done out of necessity and other times it’s simply done out of spite. In either event, it’s actually best for both individuals to file a chapter 7 bankruptcy together, especially if both spouses have a lot of joint debt that could be erased in a little over 3 months. Automatic Stay & Bankruptcy It’s important to remember that a non-filing spouse must be very careful once their ex-spouse files bankruptcy as they could be in violation of 

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Emancipate Yourself from Mental Slavery -Discharge Your Student Loans

On May 13, 2013, Monique Evette Jones sought a discharge of her student loan obligations in her Chapter 7 bankruptcy case. Chief Judge Eric L. Frank granted a discharge of approximately $29,760.00 in student loans. The Brunner Test Section 523(a)(8) provides that student loans are dischargeable if they impose an undue hardship on the debtor and the debtor’s dependents.” 11 U.S.C. § 523(a)(8). A debtor seeking to discharge her student loans must prove that: (1) based on current income and expenses, the debtor cannot maintain a “minimal” standard of living for herself or her dependents if forced to repay the 

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What happens in a Chapter 7 bankruptcy case?

Chapter 7 bankruptcy cases are usually straightforward. On rare occasions, complications arise if creditors take aggressive action, if the trustee thinks you are hiding assets, or if you want to challenge creditors’ claims. Who can file? Any individual who lives in the United States or has property or a business in the United States can file a chapter 7 bankruptcy. If you received a chapter 7 bankruptcy discharge within the past eight years, you are disqualified from receiving a discharge in chapter 7. A similar disqualification may also apply if you received a discharge within the past six years in 

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Defenses To Foreclosure

Foreclosure is a harsh legal process and, when you are threatened with foreclosure, you should immediately try to obtain legal help. Foreclosure can move very quickly. One advantage of exercising your legal rights is that you can slow down the process. In the short term, delay can be helpful because it will give you more time to put into place a long-term solution to the problem. You cannot properly delay foreclosure just because you need more time. The actions you take must be based on some underlying legal claim or defense which is raised in good faith. Procedural Defenses May 

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Don’t underestimate your expenses in bankruptcy.

Don’t underestimate your expenses.  Your expenses can be estimated within the limits of realistic planning, in a way that presents your case in a favorable light. The key to completing the expense category correctly is to realize that it is important to look not only at current expenses but also “unmet” needs in order to determine a reasonable budget going forward. For instance, Congress has made it very clear that debtors have the right to maintain or obtain health insurance for themselves and their families. This is a good example of an unmet health insurance expense. In a chapter 7, 

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$200 Discount Coupon

Erase Your Debt Today! Call Stephen M. Dunne, Esq. and learn how bankruptcy can give you a fresh start. Use this $200 Discount Coupon towards your legal fee. Google Offers – Dunne Law Offices, P.C. 

What is Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy wipes out (“discharges”) your debts. Chapter 7 is the bankruptcy provision most frequently used by individuals. It involves the complete liquidation of a debtor’s property to pay creditors and wipes out the remaining debts, giving the debtor what’s known as a “fresh start”.  The whole Chapter 7 bankruptcy process takes about three to four months, costs $299 in filing and administrative fees, and commonly requires only one trip to the courthouse. Are You Eligible for Chapter 7? Visit the following website to determine if you are eligible to file Chapter 7 Bankruptcy. http://www.legalconsumer.com/bankruptcy/nolo/ The bankruptcy law determines 

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What is Bankruptcy?

Bankruptcy is intended to give people a fresh start – free of debt.  The bankruptcy laws provide an opportunity for a fresh start to those individuals whose financial difficulties have left them unable to pay their bills and have put them at risk of losing their house, cars, or other property. Why do people file bankruptcy in Pennsylvania?  In my experience as a bankruptcy lawyer, these are some common scenarios: You are trying to keep debts current but are borrowing money from one card to pay another (robbing Peter to pay Paul). You are trying to keep debts current by 

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The Difference Between Chapter 7 and Chapter 13 Bankruptcies

Chapter 7 and Chapter 13 are two different kinds of bankruptcies available to individuals, some businesses, and married couples with financial problems. A straight liquidation bankruptcy, known as a Chapter 7 bankruptcy, involves the filing of a bankruptcy petition and statement of all property, debts, and budget information. The filing of the petition stops all creditor action against the Chapter 7 debtors and their property, including mortgage foreclosure, sheriffs sale, utility shut-offs, and other creditor harassment. Chapter 7 debtors can generally keep all their personal property, but debtors can keep their home and cars only if arrangements are made separately 

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BANKRUPTCY LAW

The bankruptcy laws provide an opportunity for a fresh start to those individuals whose financial difficulties have left them unable to pay their bills and have put them at risk of losing their house, cars, or other property. Bankruptcy is a complex area of the law, and requires the services of an attorney experienced and specialized in bankruptcy law to provide you with an in-depth analysis of your situation and to give you legal advice and representation you can trust to protect your assets and discharge your debts. In the United States, the two most common forms of bankruptcy available 

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