What are some ways of avoiding or delaying a bankruptcy case once it has been filed against you by creditors in court?

 

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Jan Meriss Alfonso
Assistant at Ascent Law LLC

Bankruptcy

Bankruptcy is a legal process that individuals can go through to eliminate or reduce debts. It will not clear you of all debts, but it will help you with the overwhelming debt burden that you are faced with. There are many things that can cause an individual to file for bankruptcy. It could be health problems, job loss, or perhaps a divorce. Whatever the reason, the more you know about bankruptcy, the better off you will be. The following article contains helpful advice on how to avoid or delay a bankruptcy case once it has been filed against you by creditors in court.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a last resort for people who have serious financial problems and can no longer pay their debts. If you file for Chapter 7 bankruptcy, your assets are sold and the proceeds are used to pay back your creditors (your bills). In addition to getting rid of your debt, Chapter 7 allows you to start over with a clean financial slate.

Some people think that if they file for bankruptcy in Texas, it means they are filing for Chapter 7 bankruptcy. That's not true; there are several types of bankruptcy cases. Texas offers three types of personal bankruptcy cases: Chapter 7, Chapter 13, and Chapter 11.

Filing a Bankruptcy

If you're facing a financial crisis, you may be considering filing for bankruptcy in the future. Filing for bankruptcy is a big decision, and it's important to understand the different options before deciding which one is right for you. In this article, we'll discuss two common misconceptions about filing for bankruptcy and explore how to delay or avoid a case once it has been filed against you by creditors in court.

Misconceptions About Filing for a Bankruptcy

Two common misconceptions about filing for bankruptcy are that it will ruin your credit and that you need to hire a lawyer in order to complete the process. As it turns out, neither is true!

There are two common misconceptions about filing for bankruptcy. The first is that you don't need to file a budget or pay bills if you're going to do it. This is absolutely not the case; in fact, if you have no plan and no idea what you're doing you're more likely to end up in debt again as soon as your bankruptcy is discharged. The second common misconception is that just because someone went bankrupt, they must be a bad person. Bankruptcy isn't something to be ashamed of, especially if it's done responsibly and the right way.

If you have any questions, you can get a free consultation with Ascent Law LLC:

Ascent Law LLC:

8833 South Redwood RoadSuite C

West Jordan, UT 84088

(801) 676-5506

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Which Bankruptcy is Better to File
Which Bankruptcy is Better to File
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Location: Salt Lake City, UT, USA

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