Blog Posts in March, 2017
-
What happens in a Chapter 7 Bankruptcy?
Posted By Kimberly A. SheekWhen someone is thinking about filing Chapter 7 bankruptcy one of the first questions they usually ask is "what will happen during the bankruptcy?" When you file a Chapter 7 bankruptcy you must list all of your debts and all of your assets. You must also take a pre-filing credit counseling course. You can take the course either online or in person. I give my clients a link that can be used to take ...Continue Reading -
Will Bankruptcy Stop Foreclosure?
Posted By Kimberly A. SheekIn most cases, bankruptcy will stop foreclosure. When you file bankruptcy the Automatic Stay found in 11 USC ยง 362 goes into effect. The Automatic Stay prohibits your creditors from proceeding with any collection activities against you including foreclosure, repossession, garnishment, collection calls, and collection letters. So once your creditors receive notice of your bankruptcy then they must ...Continue Reading
Page
1 of 1