bankruptcy chapter 7

Missing Your First Chapter 13 Bankruptcy Payment: What You Need to Know

Missing Your First Chapter 13 Bankruptcy Payment: What You Need to Know

You Could Lose Protection: When you file for bankruptcy, you get something called an "automatic stay." This stops creditors from trying to collect money from you. If you miss payments, you could lose this protection.

Your Case Might Get Dismissed: In the worst case, the court could throw out your bankruptcy case. This means you'd lose all the benefits of filing for bankruptcy.

Creditors Can Start Collecting Again: If your case gets dismissed, your creditors can start asking for money again. They might even try to take your stuff or garnish your wages.”

What Does 'Surrendering' Your Vehicle Mean in a Chapter 7?

What Does 'Surrendering' Your Vehicle Mean in a Chapter 7?

“Deciding to surrender your car during Chapter 7 bankruptcy is not a decision to be taken lightly. It is essential to weigh the benefits and drawbacks carefully while considering your overall financial situation. Understanding what surrendering your vehicle entails, including the long-term implications for your credit and future transportation needs, is vital for making an informed decision.”