Can I Convert My Chapter 13 to Chapter 7?

Can I Convert My Chapter 13 to Chapter 7?
We have many clients in Chapter 13 bankruptcy, and every so often one of those clients will ask if it makes sense for him or her to convert to a Chapter 7 Bankruptcy. My answer is: It depends. Did you...
December 3, 2018
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Can I Get Rid of Income Taxes Through Bankruptcy?

Can I Get Rid of Income Taxes Through Bankruptcy?
Can I Get Rid of Income Taxes Through Bankruptcy? The answer to that question depends on which chapter of bankruptcy you are eligible for and whether the taxes meet the discharge criteria. In general, your income taxes must meet the...
October 17, 2018
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Advantages of filing a Chapter 13

Advantages of filing a Chapter 13
Debtors generally may choose between a Chapter 13 and a Chapter 7.  While a Chapter 7 is usually quicker, simpler and cheaper, a Chapter 13 can accomplish many things that a Chapter 7 simply cannot. One reason to file a...
October 11, 2018
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Bankruptcy when your house has a lot of equity

Bankruptcy when your house has a lot of equity
My house has a lot of equity and I want to file bankruptcy.  What can I do? The answer to that question depends heavily on which state you live in and which state’s exemptions would apply in your bankruptcy and...
August 17, 2018
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How Does a Foreclosure Work in the State of Kansas?

How Does a Foreclosure Work in the State of Kansas?
In Kansas, a mortgage lender may not take a home from a homeowner except by filing a foreclosure, which is a law suit filed in the County where the homeowner lives.  In the past, most mortgage lenders tended to file...
April 24, 2018
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Surrender or not Surrender?

Surrender or not Surrender?
When you file bankruptcy and have debts secured by collateral such as houses, cars furniture or jewelry, you must decide if you are going to find a way to pay for the collateral or simply “surrender” the property to the...
February 20, 2018
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Should I Reaffirm My Vehicle Loan?

Should I Reaffirm My Vehicle Loan?
Many people who file for bankruptcy have vehicle loans and are concerned about what will happen with their vehicle.  They often ask, “Can I keep my vehicle?”  The answer in many cases is, “Yes,” provided the equity in the vehicle...
February 6, 2018
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What Property Can I Keep IF I File Bankruptcy?

What Property Can I Keep IF I File Bankruptcy?
Most people probably do not understand that 90% of the time when someone files a Chapter 7 bankruptcy they do not lose any of their property.  This is because in a bankruptcy, you can keep all property which the law...
November 8, 2017
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Debt Settlement and Debt Consolidation versus Bankruptcy

Debt Settlement and Debt Consolidation versus Bankruptcy
Debt settlement is a negotiation process whereby a consumer seeks to settle debts away for an amount less than what is owed.  This process generally involves the offer of a lump-sum amount to the creditor to settle away the debt. ...
October 27, 2017
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What is Bankruptcy?

What is Bankruptcy?
What Is Bankruptcy? Bankruptcy is a legal proceeding in which a person who cannot pay his or her bills can get a fresh financial start.  The right to file for bankruptcy is provided by federal law, and all bankruptcy cases...
August 14, 2017
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