The web is filled with legal self-help services that make filing for bankruptcy seem like a relatively simple procedure that anyone can do. According to a study performed by the US Bankruptcy Court for the Central District of California, roughly 40% of Chapter 7 bankruptcy cases filed pro se (without a lawyer) were dismissed without a discharge of debt.
Compared to those filed with a lawyer, only 5.4% of cases were dismissed, meaning the odds are far from in your favor if you choose to represent yourself. Your house is not only the largest investment you have ever made, but it is also important to your quality of life. If you are struggling with debt, you might hesitate to take advantage of your options for relief under the law because you are worried that you might lose that home.
If you are wondering, can I go bankrupt without losing my home, you may be relieved to find that it is not only possible, but very likely. How Can I Go Bankrupt & Keep My House? If you are behind on your payments, a Chapter 13 bankruptcy is designed to allow you to catch up on missed payments while discharging unsecured debt.
Compared to those filed with a lawyer, only 5.4% of cases were dismissed, meaning the odds are far from in your favor if you choose to represent yourself. Your house is not only the largest investment you have ever made, but it is also important to your quality of life. If you are struggling with debt, you might hesitate to take advantage of your options for relief under the law because you are worried that you might lose that home.
If you are wondering, can I go bankrupt without losing my home, you may be relieved to find that it is not only possible, but very likely. How Can I Go Bankrupt & Keep My House? If you are behind on your payments, a Chapter 13 bankruptcy is designed to allow you to catch up on missed payments while discharging unsecured debt.
Services
Since the early '80's, I have concentrated my practice in Bankruptcy, Commercial & Condominium Litigation, and Real Estate representing both Debtors and Creditors in various financial difficulties.
My office in Waterbury was established in 1990 after ten years of experience working in other firms.
At the time, the Real Estate market was in severe depression, so the bulk of my work involved helping people out of their distressed properties and condominium units and restructuring their financial lives.
My office in Waterbury was established in 1990 after ten years of experience working in other firms.
At the time, the Real Estate market was in severe depression, so the bulk of my work involved helping people out of their distressed properties and condominium units and restructuring their financial lives.
What about cost? - Currently the filing fee for a Chapter 7 case is $299.00 and a Chapter 13 is $274.00.
The filing fee can be paid to the Court in installments or waived entirely as ordered by the Court under certain circumstances.
Attorneys fees are always a consideration, but beware of advertisements of low fees by attorneys or paralegal firms.
Generally, you get what you pay for and good representation is always a must.
Ask yourself, "Would I represent myself before the IRS?"
We all know the horror stories of a tax audit.
The filing fee can be paid to the Court in installments or waived entirely as ordered by the Court under certain circumstances.
Attorneys fees are always a consideration, but beware of advertisements of low fees by attorneys or paralegal firms.
Generally, you get what you pay for and good representation is always a must.
Ask yourself, "Would I represent myself before the IRS?"
We all know the horror stories of a tax audit.
Bankruptcy: The eighth time was the charm.
After eight years of trying, Congress has passed the Bankruptcy Reform Act in 2005.
This is a bill that our elected representatives have been working on in one form or another since 1996!
It was mainly sponsored by the credit card companies, credit unions and banks.
You have to love politics; everyone has a special interest.
The credit card companies and banks spent record amounts of money lobbying for this bill.
The new law tightens up the requirements for filing bankruptcy and limits the effect of some state statutes on property exemptions.
After eight years of trying, Congress has passed the Bankruptcy Reform Act in 2005.
This is a bill that our elected representatives have been working on in one form or another since 1996!
It was mainly sponsored by the credit card companies, credit unions and banks.
You have to love politics; everyone has a special interest.
The credit card companies and banks spent record amounts of money lobbying for this bill.
The new law tightens up the requirements for filing bankruptcy and limits the effect of some state statutes on property exemptions.
Over the past six months, the meltdown in the sub-prime lending market has had a devastating impact on many consumers.
That's meant busier days for consumer law attorneys.
On a daily basis, they're seeing a flood of distraught clients who can't meet their higher mortgage payments.
It's also meant increased activity for lawyers who represent mortgage lending services.
And in Connecticut, it's brought about the formation of a task force that includes a number of lawyers.
Waterbury consumer bankruptcy attorney Eugene S. Melchionne said his business has "easily doubled or tripled what it was last year."
That's meant busier days for consumer law attorneys.
On a daily basis, they're seeing a flood of distraught clients who can't meet their higher mortgage payments.
It's also meant increased activity for lawyers who represent mortgage lending services.
And in Connecticut, it's brought about the formation of a task force that includes a number of lawyers.
Waterbury consumer bankruptcy attorney Eugene S. Melchionne said his business has "easily doubled or tripled what it was last year."
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