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Where do I go for my first meeting of creditors? After the bankruptcy petition is filed with the Bankruptcy Court, every debtor, regardless of the chapter, must make one appearance in the case. This is not a “court” appearance, since the judge is not present. The court schedules the meeting of creditors in each case, usually about …

Many people mistakenly believe that the bankruptcy court will take everything they own and sell it to pay creditors. Some of their descriptions of bankruptcy conjure up images of a poor unfortunate walking the streets wearing a wooden barrel with no property or money to his name. Well, you can stop worrying about barrel chafing …

Are you filing Chapter 13 Bankruptcy in New Jersey or New York? The most frequently asked question we get is how much am I going to have to pay? After filing a Chapter 13 bankruptcy – you pay your creditors in accordance with your abilities to pay. Some creditors receive 100% of the debt, and …

Debt Settlement vs. Bankruptcy Examining your options is important for anyone experiencing debt problems.  If you are considering bankruptcy or debt settlement to resolve your financial difficulties, investigate the consequences of each process before making your decision.  Below is some information about debt settlement companies and bankruptcy that you may not know: Debt Settlement: The …

There are a surprising number of options for a debtor to retain possession of a vehicle during bankruptcy. Choosing the best option depends on several factors including your ability to pay and the condition of your vehicle. In some cases the best financial option is to surrender your vehicle back to the bank and purchase …