Expert Bankruptcy & Debt Relief Insights
Get the knowledge you need to make informed decisions about your financial future. Our expert legal insights
can help you navigate complex debt relief options.
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Do You Need a Reaffirmation Agreement to Keep Your Car in Chapter 7?
If you file Chapter 7 bankruptcy and still owe money on your car, you may be asked whether you want to sign a reaffirmation agreement. That decision matters more than it may seem. Reaffirming a car loan means agreeing to remain personally responsible for the debt after bankruptcy, even though the debt might otherwise be…
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Denial of Discharge in Chapter 7 Bankruptcy Cases
If you follow the procedures correctly and answer all of the court’s questions truthfully, your chances of discharging your eligible debts in a Chapter 7 bankruptcy filing are high. Depending on your overall financial situation, it might even be able to discharge your eligible debts without liquidating any of your assets. Filing for Chapter 7…
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Six Things to Expect After Filing Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy is not a decision that should be taken lightly. Filing for bankruptcy always requires careful consideration. Many people who want to get rid of their debts through bankruptcy do not know what to expect after the filing. Our Oakland Chapter 7 bankruptcy attorney at the Law Offices of Melanie Tavare can guide…
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Right of Redemption in Chapter 7
The U.S. Bankruptcy Code allows individual chapter 7 debtors to redeem certain tangible personal property, when such property is intended primarily for personal, family or household use, by paying the secured creditor the allowed amount of the secured claim. Congress created the right of redemption “to protect debtors against ill-advised reaffirmations and the high replacement…
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Chapter 7 Applicability
Chapter 7 of the U.S. Bankruptcy Code provides a liquidation process for consumer debtors. It accomplishes the twin objectives of bankruptcy, providing a fresh start to the “honest but unfortunate debtor” and ensuring an equitable and ratable distribution of assets to creditors. A chapter 7 debtor enters bankruptcy with an unmanageable debt load and insufficient…
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What Happens to a Car In Chapter 7 Bankruptcy?
One reason that many people are hesitant to consider bankruptcy, and particularly Chapter 7 bankruptcy, is that they fear it will mean losing all of their assets. While Chapter 7 bankruptcy does involve submitting all of your assets, including vehicles, to a bankruptcy trustee so that he or she can determine what assets should be…
