What About My Car?

What About My Car? When you file Chapter 7 bankruptcy, you have options with your car. You can KEEP IT – or – REPLACE IT, and save thousands in the process! 722 Redemption is a section of the United States Bankruptcy Code that empowers a debtor with the statutory right to redeem their vehicle for what the vehicle is worth – NOT what they owe. Let’s say you owe $30,000 on your car note but the market value of your car is only $15,000. You can use the 722 Redemption process to refinance the vehicle at $15,000. That means you 

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Benefits of Chapter 7 bankruptcy

Chapter 7 bankruptcy erases virtually ALL of your debt except student loans.   You’ll receive a Discharge Order from a Bankruptcy Judge which will erase ALL of your credit cards, medical bills, personal loans, payday loans, and utility bills. You’ll be debt free. In 2017, almost 1 million people filed bankruptcy. It’s the quickest and most effective path to regaining financial security. I’ve perfected the process at Dunne Law Offices to get it done in 98 days from start to finish. In 98 days, you’ll be debt free. Call me for a free consultation at (215) 551 7109.

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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