Whether it's Chapter 7 or Ch 13 bankruptcy, filing bankruptcy may very well offer you the fresh start you deserve.
With that said, a lot of people are misinformed about the bankruptcy process.
The bankruptcy videos below aim to dispel common bankruptcy myths.
Are you eligible to file Chapter 7 bankruptcy? It all depends on whether you pass the means test. Bankruptcy attorney Kevin Chern explains how the Chapter 7 means works and how to find out if you are eligible to file this type of bankruptcy, which is the most common form of personal bankruptcy.
Even if the foreclosure process has already begun, you may be able to protect your home. The bankruptcy automatic stay is designed to stop all collection efforts, including foreclosure. Kevin Chern explains how the automatic stay works and how you may be able get access to this tool.
TotalBankruptcy.com has helped thousands of people connect with a local attorney. So what happens when you complete the free case evaluation form on one of these pages? President Kevin Chern talks about the process and why you may want to speak with a bankruptcy lawyer near you.
Chapter 13 bankruptcy was designed to protect your most valuable property, including a home. As bankruptcy attorney Kevin Chern explains, even if you are facing foreclosure you may be able to save your home and clear your back mortgage debt with a Chapter 13 filing.
The last few years have seen record unemployment numbers. Money is tight and bills are high. However, even if you're unemployed, bankruptcy may be a reasonable option to regain control of your finances. In fact, Chapter 7 bankruptcy is specifically designed for people who don't have the income to pay back their bills. Could it help you get back on your feet quicker?
Owning a car is vital part of most people's lives. Without a car, you may have difficulty getting to work, visiting a doctor or even picking up groceries. That's why so many people want to know what happens to their car if they file bankruptcy. Attorney Kevin Chern discusses the process of reaffirmation, and how you may use it to protect your car during your bankruptcy filing.
The foundations of bankruptcy are based upon federal laws. However, there are some bankruptcy laws that are different in every state. The Chapter 7 exemptions are dictated by state laws, and these may have a big impact on your filing as they offer specific protections for valuable property like your home and car. Kevin Chern talks about exemptions, and how to find out which laws apply to your case.
Just as a lot of information out there about bankruptcy is flat-out wrong, so are some of the suggested methods of how you can avoid financial traps.
This sarcastic bankruptcy video is a sure-fire way to trash your credit.
In other words, take this bankruptcy video as a lesson of what not to do when it comes to your finances and credit.
Filing bankruptcy has been inaccurately painted in the media as being an awful and drastic decision, sort of like a black cloud that will hang over your head for years.
However, playing off of this fear fails to recognize that filing for bankruptcy reflects a responsible decision to enact a positive change in one's life, as Chicago bankruptcy lawyer and Total Bankruptcy President Kevin Chern explains in more detail in the following bankruptcy video.
In 2005, changes to the bankruptcy law were made, and the unfortunate feeling afterward is that is impossible to file for bankruptcy nowadays.
While the 2005 bankruptcy law added new requirements to both consumers and bankruptcy lawyers, it is hardly far from impossible to file bankruptcy nowadays.
In fact, bankruptcy filings are back on the rise and getting closer to pre-BAPCPA levels.
Chicago bankruptcy attorney and Total Bankruptcy President Kevin Chern disputes this myth in the following bankruptcy video.
Subscribers to the myth that filing bankruptcy will ruin your credit record forget that people have no outstanding debt after filing and that they may actually look like a better risk to a creditor or lender.
Chicago bankruptcy attorney and Total Bankruptcy President Kevin Chern explains how your credit may actually improve after filing bankruptcy in the following bankruptcy video.
Filing bankruptcy does not have to mean the end to your dream of homeownership.
Chicago bankruptcy attorney and Total Bankruptcy President Kevin Chern explains in the following bankruptcy video what banks consider when providing financing to prospective homeowners and then details how he's seen post-bankruptcy filers get financing for a home as soon as 18-24 months after filing.
Did you know that recent studies have indicated that people who have filed bankruptcy receive three times as many credit card solicitations than people who have not filed bankruptcy?
This would seem to turn the myth that you can't get credit after filing bankruptcy right on its head, as Chicago bankruptcy lawyer and Total Bankruptcy President Kevin Chern further depicts in the bankruptcy video below.
While most student loans can not be discharged through a bankruptcy case, this does not mean that filing can't help.
Chicago bankruptcy attorney and Total Bankruptcy President Kevin Chern explains in more detail in the following video.
A bankruptcy case is not like the court cases you typically see on television.
Chicago bankruptcy attorney and Total Bankruptcy President Kevin Chern explains in the following video how most bankruptcy cases are not long, drawn-out processes.
Renting an apartment is still a possibility after filing bankruptcy.
Chicago bankruptcy attorney and Total Bankruptcy President Kevin Chern provides some tips in the following video on how can rent an apartment after bankruptcy.
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