Social security and supplemental security income can be protected from garnishment. New federal regulations help protect your directly deposited benefits.
When there are unexempt assets in your Chapter 7 bankruptcy that the trustee can liquidate to pay creditors,then it is considered a Chapter 7 asset case.
If you file for Chapter 7 bankruptcy, will you be able to keep your tax refund? This will depends on the exemptions available and the timing of your filing.
Should you use the money from your IRA, 401K, profit-sharing plan, or other retirement to pay creditors? Does it make financial sense to use your retirement?
You may be able to continue to operate and keep your business even after filing for bankruptcy. This will depend on the value of your business and where you file.
Can you eliminate timeshare maintenance fees that accumulate after the filing of your bankruptcy case. Are post-petition maintenance fees dischargeable.
Reaffirmation agreements are entered into in a Chapter 7 bankruptcy. Is it in your best interest to sign a reaffirmation agreement in bankruptcy?
If you do not have attachable assets or income, then you may be judgment proof. When you are judgment proof, a creditor cannot touch your assets or income.
April. Given the Avvo Client’s Choice Award for 2013 regarding Chapter 7 Bankruptcy, Southern California Law Advocates, P.C. offers a free consultation for new clients!