We realize that a web page cannot answer all of the questions that you may have about bankruptcy, but the following are some of the most commonly asked questions. Caution: The following are merely examples of common questions and answers. You should not rely on the information contained herein, as each set of facts is different, each judicial district has its own practices and procedures, and each state has different exemption laws and limitations.
What assets can I protect if I file bankruptcy?
Basically, married couples can protect up to $75,000 of equity in their primary residence when they file for bankruptcy. A single person, under age 65, can protect up to $50,000 of equity. A person or couple over age 65, or disabled, can protect $125,000 of equity. With regards to other assets, generally speaking, ordinary household goods, appliances, clothing, and jewelry can be protected. Some equity in a vehicle can be protected, some cash value in a whole life insurance policy, all value in a qualified retirement plan, and depending upon the facts and circumstances, perhaps some or all equity in a self-determined retirement plan, such as an IRA or SEP IRA. For more information about the Bankruptcy Lawyer San Antonio clique here
Do I have to appear in court?
In a chapter 7 proceeding, your appearance will be required once, for a brief interview with the bankruptcy trustee assigned to your case. The hearing is not held in a courtroom or before a judge. In a chapter 13 proceeding, in addition to the hearing before the trustee, you may, depending upon the facts and circumstances, have to appear before the court at one or more confirmation hearings. In addition, if a creditor objects to the discharge of your obligation to them, and the matter is not settled before trial, you may have to appear at trial.
Do I have to list all of my assets?
Yes, including those not in the jurisdiction, such as in other states or countries.
How long will it take to obtain my discharge?
In the usual chapter 7 case, approximately 120 days from the date that the case is filed. In a chapter 13 case, which requires monthly payments to the trustee from future income for a fixed period of time, usually 36 to 60 months, within six (6) months after the last payment is made.
Can I re-establish credit after bankruptcy?
Yes. The credit market is much more competitive than in the past. If you are employed and have income, and have maintained current payments on a car or home loans through the bankruptcy process, you may be invited to apply for new credit shortly after your discharge. In some cases, some credit card companies may offer you a chance to keep a current card by agreeing to repay some or all of your current balance. Depending upon the facts, such an offer may be enticing.
Will I discharge all of my debts in bankruptcy?
Generally speaking, there are two categories of exceptions to the general rule that all debts are discharged in bankruptcy. The first category of exceptions is statutory exceptions, such as recent income taxes (less than three years old), obligations to pay child and/or spousal support, student loan obligations, and damages arising from a drunk driving conviction. The other category is for “bad act” debts, or those arising from what a creditor can prove was dishonesty, including fraud or misrepresentation.
How do I keep creditors from bothering me?
The filing of the bankruptcy proceeding with the Court creates an automatic restraining order, or stay, which prevents all creditors from taking any further action to collect a debt incurred before the filing of the bankruptcy case. All creditors will receive a notice directly from the court clerk within approximately ten days notifying them of the commencement of the case, other relevant information, and deadlines. If a creditor willfully violates that stay they can be sanctioned.
How do I start the process?
Call or e-mail for an appointment. We will sit down and evaluate your particular needs, requirements and timing. The cost of the initial consultation, usually $200.00, will be applied against the cost of the bankruptcy proceeding, which will vary on a case-by-case basis.
The Job Of A Personal Injury Lawyer
An individual injury attorney can win monetary awards for you if you’ve suffered from an injury brought on by a third party. If you believe that you are owed compensation due to injuries sustained from accidents, medical malpractice, or function-related injuries then an individual injury lawyer is the man for the job. Read more information about a Personal Injury Attorney.
If you’ve never worked with one prior, then you may be questioning what they do and how he or she will help you with your case. Monetary rewards won by a PI lawyer can greatly help you especially when it is time to pay your medical bills, lawyer fees, and living costs while injured. In order to win the case for you, he or she needs to go through particular processes to be able to be sure you are justly and pretty compensated.
Outside The Court
Injuries can happen everywhere. For instance, you broke your ankle while inside a restaurant. It is the individual injury lawyer’s job to figure out whether or not you broke your ankle simply because you forgot to tie your shoelace of in the event you slipped while walking on their slippery floor.
Clearly, the lawyer cannot do something about you breaking your ankle because of your untied laces. Nevertheless, he can do something about you breaking your foot because of the restaurant’s carelessness especially if they didn’t put warning signs for their patrons to become cautious because of the slippery floor.
Gathering evidence can also be certainly one of their roles. Therefore, prior to something else, tell your lawyer everything about your case. The much more information he has, the simpler it is to gather evidence and submit this to the court later on.
Witnesses are always essential so it is your lawyer’s job or function to interview and prepare them for the courtroom. This procedure entails speaking to witnesses and gathering their testimony as well as coaching them on what to do in case they’re required to testify in court.
Procuring a professional to testify on your behalf can also be certainly one of their roles. The lawyer you hired, will interview physicians to vouch for the severity of your injuries sustained. Getting professional testimony instead of hearsay provides your case much more credibility.
Inside The Court
Attending all your hearings is certainly one of the roles an individual injury attorney should do. This is especially true if you are not in a position to attend the hearings yourself. He ought to also keep you informed of all issues going on inside the courtroom.
He’s also in charge of drafting motions and briefs of your case. If a settlement is reached prior to going to trial, then it is his job to negotiate on your behalf so that everyone is compensated in a fair and just manner.
Arguments are regular inside the courtroom and it is via these arguments that lawyers sway the jury for your side. A good lawyer will be in a position to argue your case successfully and win just compensation for you.
You will find many more roles an injury attorney takes on to be able to win the case for you. The above mentioned barely scratch the surface of the job description. If you think you’re entitled to some compensation because of injuries sustained, an injury attorney can figure out this for you.
Accidents are everywhere and may lead to injuries. If you want to know more about personal injury lawyers, call us for a free consultation.
You have to have insurance if you own a car. You will have a lot of different options when it comes to your auto insurance.
Every company is different when it comes to how they determine your risk level and premium rates. You will find the policy that is most affordable and best suited to you by consulting with several competitors.
It is better to pay your insurance premium payments on a yearly basis. Your auto insurance provider could have added anywhere from three to five dollars to your bill each month. This small amount can add up very quickly. It can also a hassle on top of all your other bills. The fewer payments you have, the more money you save.
Trade-in your sports car for more insurance friendly. Sports cars generally cost you a lot more to insure because they are a hot target for thieves.
The best auto insurance tip is to have a clean record while driving. A car accident will quickly increase your insurance rates the most. Know your limits when driving, and avoid risks that could cause accidents.
Think about removing some coverage from your automobile insurance. For example, if your car is an old model or simply not worth much, you may not need to pay for collision insurance. You can save a significant amount of money by eliminating unnecessary coverage. You may also consider dropping comprehensive and liability coverages.
You might be able to save on auto insurance by obtaining a bundled insurance through the same company. Try to take part in these offers and insure both your house and your vehicle in one. Make sure to compare the cost of combining your home and decent coverage; in some cases, two separate insurance policies are still a better choice.
Don’t buy your teenager a car. Adding a teenager to a family plan will be much cheaper than insuring him or her separately. Some insurance even offers good student discounts.
Take the time to go over the list of discounts completely, and analyze whether you are eligible to save a bit of money. You will be shocked at how much these discounts can lower your insurance bill.
Insurance companies are not all created equal. If you are unhappy with the quote you received on your car, shop around and see what prices competitors are offering.
Conversely, the fewer points you have on your license, you can see your insurance rates decrease as well. Once negative issues are removed, it could be advantageous to request a new quote from your auto insurance.
Consider paying your insurance at once. There are many companies that charge you a fee for paying your insurance in installments or monthly payments.
You will be able to obtain lower car insurance rates by improving your credit score. It’s amazing to think that any insurance company would check on your credit.
You should maintain accurate records of all the insurance bills that you have paid. This proof is important in case there is a dispute with your insurance company.
If you want the lowest insurance rate, select a high deductible. A higher deductible means you will have to cover the cost of minor accidents, but it will still protect you in the event of a large or catastrophic accident.
Being a good driver ultimately affects your car insurance premium. You can earn a good-driver discount if you don’t get into accidents or receive tickets. Driving badly will cost you in many ways. Safe driving means lower insurance lower.
A variety of factors determine the insurance is calculated. Some things that will be looked at are your marital status, sex, and age. If you are aware of these factors, you can have more realistic expectations when you compare prices.
Insuring several vehicles within the same company can save you lots of money.
Make sure your auto insurance information is completely accurate. Accuracy is very important for avoiding claim denials and it can possibly save you money. Is there a typo or mistake in your home address? Are the vehicle manufacturer, its make, and year model all correct?
You might be able to lower your insurance premiums by relocating to another city or state. Premiums and insurance requirements can vary based on your region. You could save money on auto insurance by moving to another city or state.
Car insurance prices vary per person. It’s more than just different situations and cars. Certain people can pay less money for the same or better coverage. By learning a few simple tricks, you too can save a lot on your auto insurance.