Posts Tagged ‘get out of debt’
Saving Money On Your Car Loan Through Redemption
What is Bankruptcy Redemption? Redemption is authorized by Section 722 of the Bankruptcy Code. Redemption allows someone in Chapter 7 to keep personal property by paying the creditor the Fair Market Value of the item rather than the amount owed on the loan. It is most commonly used for cars. For example, say your car is…
Read MoreBenefits of Chapter 13 Bankruptcy
Chapter 13 Bankruptcy is a repayment plan, overseen by the Court, to help you deal with your debts. A Chapter 13 Bankruptcy usually lasts between 3 and 5 years and allows debtors to reorganize their debts. Benefits of Chapter 13 Bankruptcy Chapter 7 Bankruptcy is the more common type of bankruptcy filed by individual consumers. It is popular because…
Read MoreTax Refunds and Bankruptcy
It is officially tax refund season! If you normally get a tax refund and have filed or are considering bankruptcy chapter 7, there are a number of issues to be aware of. Tax Refunds can be Assets in Chapter 7 Bankruptcy Your tax refund is money the government owes to you. In Indiana, we have limited exemptions for protecting…
Read MoreHow to Manage Your Debt
Most of us have carried some form of debt at one time or another, be it a student loan, mortgage or credit card. But no matter what your income level is, if you don’t manage your monthly budget, your debt can quickly spiral out of control. Ideally, borrowing just what you need and making timely…
Read MoreYou’re Bankrupt, Now What?
You’ve declared bankruptcy and are ready to start a new financial life. Your credit, which may have already been shaky, has taken a significant hit. While a Chapter 13 bankruptcy will stay on your credit report for seven years, and a Chapter 7 for ten years, that doesn’t mean it will take that long to rebuild your life.…
Read More5 Tips For Credit Card Debt Relief
If you feel that your credit card debt has grown too large, you can take steps to reduce it. There are several relief options, but all have the same goal: to help you pay back what you owe in more manageable amounts. At Perez & Perez, we can answer your questions about each option. Balance Transfers You’ll need a…
Read MoreHow a Bankruptcy Lawyer Can Help You
If you’ve decided to declare bankruptcy, then finding a bankruptcy lawyer in Indiana should be your next step. Call an Expert in Bankruptcy Law You can research and fill out all of the necessary paperwork on your own, but this is not the time to take on a do-it-yourself-project, especially when it comes to something as…
Read More5 Tips for Debt Management in Lafayette, IN
We know that debt management can certainly cause stress for members of the Lafayette, IN community, but there are several ways to make it easier. At Perez & Perez Bankruptcy, we are dedicated to helping people with debt management problems in the Lafayette, IN area. We even offer bankruptcy alternatives to help you manage your debt, including…
Read MoreWhat Personal Bankruptcy Can and Cannot Do
Personal bankruptcy can be a good option for people with specific needs, but it can only do so much. Sometimes people are under the impression that bankruptcy can provide more help than it truly does. While it can be disheartening, it is good to have a reality check. Here at Perez & Perez, we can help prepare…
Read MoreLooking For A Bankruptcy Attorney in Indianapolis, IN?
Do you break out into a sweat every time the phone rings? Is there a large stack of intimidating papers growing on your tables and desks? Is your food pantry becoming more and more empty? We know these concerns can be worrying and even frightening. But you don’t have to remain under the dark cloud…
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