Wipe out your debt!
Your creditors have
Calling every night, you are worrying about being one of them
Call your boss and you're going to say to him that you are a dead beat
But for nothing nearly money alone
Food - that's the time you thought about bankruptcy!
With a small amount of money, a lawyer (and he is not)
Much time required), and your careful evaluation
Assets (what you own) and liabilities (what you owe), you
By starting to newly start, Federal and state
Bankruptcy law. Without discomfort
Determined to be the right way for you
Several different ways to stop and chose your creditors' cold
Rather than losing when you make a mistake in direction
And I plan to get it.
Straight bankruptcy takes more than usual, fast!
If you have very few assets, and a lot of debt, and not enough
But, in the expansion plan, the income for paying off the debt (more
After this, probably go straight through the file
Bankruptcy "file" surely in the proper form)
Which can be purchased from any really good office supplies
Your closest city stationery shop, especially one of a
District where lawyer 's office is located.
Because bankruptcy is not a very complicated court action, please do not
Too fear of it. You need to know the district where you live
For federal court purposes, please look at the telephone (white)
Page), and the United States
District court in your nearest city. Probably the court
Check the jurisdiction, but call this staff member and check this out
Give the court and him the address of your house and ask him. You will
Fill in "Time" or list of creditors:
Creditors with priority, creditors with security, and
Creditors with unsecured claims without priorities. hole
Every creditor of any that is not listed can still do it
Even sue you and collect even after bankruptcy! If you do not
Know whether debt is secured (backed up by related assets
Fridge was bought with installment loan) or unsecured (made
There is no related asset only in your personal reputation)
a creditor. Whose name to include as creditors for whom
You jointly signed a loan, a memo, and a person who jointly signed for you.
What are you leaving?
You are put out for cold without food, clothes
A house living after your creditors get paid? No, not least. -
Mostly
"Exempt" from being used to pay your creditors! hole
Please check the specific laws of your state.
You live in your trade tool, your personal clothing
(Within a reasonable range) and certain specific basic houses
All furnishings are not taken from you. In fact, in this
In a completely absurd world, many countries that we live permit now
Also, your TV set (!), So obviously, they thought of it as a TV set
Necessity of life!
Where to file
Bring them if you fill in and have notarized all forms
To the US District Court clerk in your district
You do not need to notify your creditor - clerk at $ 50
Always thinking
Application filing bankruptcy papa
Money may come to your hearing.
Usually, your creditors will not be listed for you by that time
You are applying for bankruptcy, you have very few nonexempt assets left
That they are interested. Whatever assets you have
It is not exempt (if any) it must be sold under the court
Supervise money Cash without realizing its realization
It may have been at the time you submitted (if there is) total
Amount (may be as low as $ 50 or $ 750, in many cases is
In your hearing divided by appointee and your
Creditors receive payment based on pro rata (proportional)
The amount you borrowed them. If you add up to that amount of your assets,
For example, only 3 1/2 cents are allowed for all creditors
The debt dollar you owe them, that 3 1/2 cents is all of him
let's go!
About three months after you submitted, you decided
"bankruptcy". You can start, but payment
Establish a new credit record. But be careful
Talk to your old credit at this point. In that case offer
Pilot you to help you by extending new credits
Sign of "reconfirmation" of your old debt! Lady what you
I do not agree to very closely sign and repay any of its obligations
It is already discharged and went bankrupt!
Lawyer for complications
There are some people who definitely should hire a lawyer
They help them through their bankruptcy, especially those who have
Somehow, assets like real estate they want are maintained for some reason. Aside
From real estate, if you are being accused by any creditor
It is the case of a lawyer customer who defines it implicitly. In your case
You decide that you do not need a lawyer to handle your bankruptcy
Are you still responsible for filling out all forms?
Accurately and completely, as carefully as all bits
The lawyers were doing them. Leave the creditor's address from
Schedule or forgotten gold stocks can be signed lawsuit
Even against you, after your bankruptcy. So please be careful, and in case
You find, you see, the bankruptcy process is too complicated
lawyer!
Maintain assets instead
I was late for paying your bills, but if you do not want to
You may go bankrupt right to declare an apartment
Instead, financial chaos through federal chapter XIII
Bankruptcy law. It is also known as a wage labor plan, chapter
Twisted knees.
METHOD: You must pay the whole amount of your debt (no 10)
Here is the cents of the dollar), and the period within 3 years. But,
The good part is that you are not declared "bankrupt", so no one
A part of the federal government who knows that you need relief under
Bankruptcy act.
The main advantage of the wage earnings plan is, besides not being done
It is recorded permanently in your credit record and you get
Keeping all your assets, as well as exemptions and non-exemptions (assuming you
We still have it! This is very important.
For example, you have a good paid car, or an expensive household
Furniture, boats and other precious assets you want to do
Then you can get your current liability under chapter XIII
There is a possibility of falling well, "stretch" in 3 years
As a total of monthly payments, which you are currently paying
As long as you repay your debt according to the contract
Court files, creditors can not be held monthly
To sue you, try to grab others of your assets, and power
Their public sales at an unfavorable price.
Even if they begin to sue you, once you submit for relief
Under bankruptcy law, under either chapter XIII or below
The chapter will self-go bankrupt and will touch you when it's time to come!
They will be limited soon to getting anything from you
The referee or trustee will give them and only after that
The trial procedure has been completed. In many cases, creditors
Let's try threats and try the most effective ones.
(In addition to paying out debts!) Frankly speaking, to tell him,
If he sues you, he has no other kind of request than to declare
Bankruptcy This will frequently make you happy with your creditors
There may be debts in negotiations. We insist that we should focus on
Back debt, over a long period of time (small
More than what you first signed up.
If the creditor knows the file goes bankrupt
It is extremely difficult to get full payment to their arrears account
Because it's low, it's in their interest to try to make your credit easier
Burden at least for a while.
Make yourself "evidence of judgment"
If the creditor goes ahead, suits you and gets a ruling
It is not as long as it directs the order of the court Sheriff
To grasp your personal characteristics, sell it and pay it to creditors
Amount of your debt. But if you do not have valuable things
There is nothing for the property, there is nothing for the sheriff to seize there, you
In what is commonly called "judgment proof", or in other words,
You can not make debts. Because this is
When I got up, the street debtor was a cuckoo,
Before the sheriff (or Marshall) arrives, it moves to an outside state.
This, of course, is illegal. The next move by creditors
Please try your wage, he garnishee "by getting the court
Order to instruct your employer to put aside some of your wages
Turn to the period he pays for each salary and upwards amount.
However, he can only do this if he knows this.
You work, but even if your wage is garnisheed,
The limit of what creditors can take! Laws vary from state to state
State. In some states wages can not garnish at all
In others, only a small amount is exempted from decorations.
If you do not have any work, no visible assets, or if you live
Your wage can not garnisheed your creditors
Actually there are very few ways of gathering up to that judgment so far!
Harassment and other creditors' tools
You need adequate bankruptcy remedies before getting your situation bad,
It 's actually getting bigger for the previous creditors.
Make you pay using formal rather than informal techniques
Because this is much cheaper and takes time, the court order.
In the beginning this informal match is short
To the above collections institutions by each harassment
Call, but try by phone on odd hours
Please consult with the employer Debt and / or blackmail
You have legal measures and so on. Many of these techniques, they
Use is illegal! Yes, the creditor or agency can write you
Call the letter once a day in search of payment and bring the law
Against you
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