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Are you protected under bankruptcy laws when you retain an attorney or when your papers are filed.?
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Does anyone know of the best bankruptcy lawyer in Tampa who is reasonable.?
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Gregg J
Try an Gov’t. funded service for the low income. Start at your SRS office. It may or may not be available. That’s where I would start.
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Lorrie
Check out ads in the Florida Sentinel, I worked at the Courthouse and I remember a few, but I think you should try the ads because I do NOT know the retainer for their bankrupty cases. I am sorry just remember it from working downtown in Mediation.
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I need to file bankruptcy in Northern California inexpensively ?
I have very clothes family that need to file bankrupcy in the stockton, elk grove, sacramento area. They have little money and attorneys for this process ofen charge about 2 grand (money they obviously don’t have!) Does anyone out there know of some 1 who can help this family out for less than a g? PLEASE let me know!
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andy
In Ohio, it cost me all most a thousand in a small town. If all of the lawyers are charging around 2 grand than that is the going rate for that area. The best is to save up that money by not paying credit cards then file.
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Rina Thr 4
You may contact a debt expert live at website like http://oktutorial.com/debtadvice.htm ,etc .
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SoCal Attorney
Most attorneys will take payments over time in order to take on case.
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how much money does a bankruptcy lawyer make each year?
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DLeibowitz
it varies a great deal from lawyer to lawyer.
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SoCal Attorney
That’s hard to say…bankruptcy filings are down 70-80% since the reform laws went into effect. That’s why bankruptcy is only a small portion of my practice.
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amit
50000$ to 150000$ depending on the quality of the lawyer
Good question anyways…..
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Where did the $4 billion go to bailout Chrysler since they now declared bankruptcy?
Thanks to the government’s philosophy of too big to fail, we bailed out Chrysler earlier this year with billion and they now declared bankruptcy.
So, where is the bailout money going?
Why are we bailing out failed companies instead of investing into companies that have avoided bailout money, like Ford? If we are going to give money to companies, then we should at least give money to the companies that are solvent, not to people who are running an insolvent business.
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don1862
It went to pay UAW members so they could have a cushy job for a few more months before they have to start working for a living.
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Helper
Look at the top contributors answer and you will have your answer. That is why they are a top contributor. Chapter 11 is just a reorganization and the court can relieve them of debts from certain entities so that they can remain solvent (keep making cars) and work out a plan to help them succeed.
President Obama is in agreement with this action because of the BIG banks not cooperating by doing their part to take cuts, so now they will probably lose most of their invested money that was just speculation money anyway.
Its the best for Chrysler. -
DUDE!!!
in a ceo pocket
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Sunshine
It’s a Chapter 11 reorganization. I hope that means they actually reorganize and get their act together. I don’t think the bailout money will be lost from a reorganization, but it will stave off creditors while they get a handle on things. At least that’s the hope.
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Retta
It’s gone, never to be seen again! Probably going to bonuses, and union workers! Hope you kissed it good-bye, I know I did!
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gitrdoneobama
It’s a loan actually, not a bailout.
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Lord Barrack O-Vader
Went to Acorn and the UAW.
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Kay
Probably to the hedge fund that owned them.
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Starge
The money left the country. That’s why the government is trying to get the Swiss banks to give them the names of the holders of over 500 privately held accounts.
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How far behind in your bills do you have to be to file bankruptcy?
My husband and I have gotten so piled up in debt so quickly, in particular with both of our father’s passing….. We just can’t make it anymore. We’ve managed to stay on top of it some how so far, but last week his car dealership closed and now he is unemployed. We want to file, but are unsure if you have to actually be behind in your bills for a certain length of time to be willing and able to. This is our last option. good bye good credit….
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Georganna V
Bankruptcy laws vary by state. I found this website to give you a free evaluation based on your personal situation. Its http://www.TotalBankruptcy.com you input your information and they evaluate whether or not you qualify under the new laws.
Have you thought about bill consolidation. I don’t know your situation but if your husband just lost his job, you haven’t lost the opportunity to save your good credit yet. Although bankruptcy is a good route for some not everyone needs to go that route.
If you own your home, you may qualify for a bill consolidation loan. You are still employed, and your husband will qualify for unemployment and re-employment training.
If you do not qualify for bankruptcy please beware of companies out there trying to take advantage of people in certain situations, they charge money to help you do things you can do for yourself. Also, beware of who you tell of your situation. Like credit card companies, they’ll jack your interest rate right away. Maybe budget counseling may help. There are free programs out there look for those first. Most states offer them – free. Good luck.
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rpg
There is no minimum amount of debt required to file bankruptcy and you do not have to be behind in your bills to file. Many people who file bankruptcy have never missed a payment. The critical feature of bankruptcy is that the debtor is insolvent. You can be insolvent and still not ever have missed a payment (yet).
Talk to an experienced bankruptcy attorney in your area. Most offer one free or very low cost appointment to evaluate your particular situation and advise you of your options.
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If i file for bankruptcy(chapter 7) what may i not be willing and able to get?
like it is because i defaulted on a car loan that i can merely make minimum payments for so they were suggesting i should file bankruptcy. may i be willing and able to lease another apartment? I have good rental history it is just the car loan and some medical bills, may that change anything?
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STEVEN F
If a car loan is the only issue, you are not eligible for bankruptcy. Defaulting on the loan damages your credit history. Filing bankruptcy drops an atomic bomb on your credit history.
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rpg
Many debtors find it difficult to find a new apartment after they have filed bankruptcy, particularly if the landlord runs a credit check prior to renting the apartment. For this reason most bankruptcy attorneys advise finding a new apartment before filing bankruptcy, if a move is contemplated.
That said, you can always find a place to live, even after filing bankruptcy. There are always some landlords who do not run credit checks prior to renting, or who don’t care if you did file bankruptcy … or who realize that if you just filed bankruptcy their chances of receiving their rent payments on time each month are BETTER than if you hadn’t filed bankruptcy because you won’t have other creditors suing you or garnishing your income, etc.
The effects that the bankruptcy has on your ability to get new credit, purchase a home or rent a new apartment, etc., diminish over time. Generally the year or two following the bankruptcy filing are the most difficult in that respect. By 2 or 3 years out, while the bankruptcy will still appear on your credit report, it will be more historical than current, and you will have had an opportunity to begin rebuilding your credit rating. The credit reporting agencies are entitled to report the bankruptcy for up to 10 years, although by convention (but not by law) the three major credit reporting agencies often report Ch 13 bankruptcies for only 7 years rather than the 10 years that they are entitled to. Ch 7 bankruptcies will be reported for 10 years.
Assuming that you have a squeaky clean history of paying all your bills in full and on time after the bankruptcy filing, you should be able to qualify for a FHA mortgage 3 years after your bankruptcy (though not at the best interest rates). You will be able to get a secured car loan almost immediately, although, again, not at the best interest rates. Nobody knows what credit card companies are going to do, with the provisions of the new CARD (credit card) act coming into play later this month. Previously, there were credit card companies that specialized in courting the recently bankrupt, but they may not be so eager to do so now that they cannot charge the usurious interest rates they used to charge. Nobody really knows.
In general, chances are likely that filing bankruptcy will have less impact on your "not being able to get" things than would NOT filing bankruptcy and remaining responsible for large bills that you are unable to pay.
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If I assume a mortgage may the lender change the interest rate?
I’m assuming a mortgage from my trustworthy sister, whose interest rate is 6% and is 5 years into a 30 year mortgage. I declared bankruptcy in 2006 before a medical situation. may the lender change the interest rate because of my credit?
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MINDRAPE
No, the loan is assumable at the current fixed rate period.
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VolunteerJim
Are you sure her loan can be assumed?
With most mortgages these days you have to qualify to assume it if it is assumable.
The lender typically has the right to change the rate to the prevailing rate now if someone else assumes that loan.
You need to talk with the lender and see what they say.
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investigating a bankruptcy lawyer
who knows of the best bankruptcy lawyer in the san francisco bay are california.
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S P
Try this website…..has lawyer referral and all for the bay area
You can also try this website link
http://baln.org/admin.bayarealawyersnetwork.lawoffice.com/CM/Custom/TOCMemberDirectory.htmlOr Google…san francisco bay bar assoication….or san francisco bay bankruptcy attorney…they all should give you a start to finding one….Good Luck!
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Can bankruptcy help me get back a repossessed vehicle?
Just got repo’d this morning. I was filing out the bankruptcy paperwork to prevent this! It is too late?
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DallasBK
1. It is possible to get it back. It may or may not be advisable, but it is possible.
2. You don’t have to interface with the salvage yard to make it happen, and you do not have to pay the tow/storage fees.
3. Bankruptcy does not “stay on your credit report for 7 years.”
4. In many situations, you do not have to reaffirm debts as part of your bankruptcy in order to keep the collateral.
5. You can get title into your name if a finance company abandons it.
A competent bankruptcy attorney will have these and other answers for you.
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efflandt
Even if you had filed bankuptcy earlier, if you wanted to keep something secured by a loan, you have to reaffirm that loan and agree to pay it. Even if you did not reaffirm the loan and it was not worth it to them to repo it, you would never get title to it unless you pay what you owe them.
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KMcG
As another poster replied, bankruptcy does not mean you get to keep things for which you owe money. If you’re only reason for filing banruptcy was attemping to keep your car from bening repossed, then don’t file. If you are tring to save your house from foreclosure. It might help. Remember that bankruptcy stays on your credit report for 7 years.
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PiggiePants
Too late. Bankruptcy does not mean you get back things you didn’t pay for, and even filing for bankruptcy may not protect the things you still owe for. If you are filing, you should have a bankruptcy attorney; you should talk to him or her first to make sure you are clear on what the bankruptcy may or may not cover.
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bud68
Too late.
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F T
Yes it is. Sorry.
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John M
yup
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S P
The only way you’d get the vehicle back now is to act fast, have your attorney call the salvage yard that the finance company towed your vehicle to and you would have to pay the tow and storage fees to get it back, that is if it hasn’t gone to auction yet. In your bankruptcy you would have to re-affirm on the loan, but you would have to be current to keep it. Seeing it has been repoed you would have to catch up on all past dues to do the re-affirmation.
Good Luck!
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bmoles1 12:08 pm on February 8, 2010 Permalink |
You are protected when you hire an attorney. They will tell you not to have any contact with debtors.