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What's the Difference Between Chapter 7 vs Chapter 13 Bankruptcy?
By: Emil Fleysher | July 16, 2024 | Bankruptcy
Chapter 7 bankruptcy, or liquidation bankruptcy, involves selling non-exempt assets or property that can be used to pay off debt or repay creditors. In contrast, Chapter 13 bankruptcy involves making a court-approved repayment plan. Understanding the differences between Chapter 7 and Chapter 13 bankruptcy is essential for anyone facing overwhelming debt. If you are undergoing
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How Does Stress from Debt Affect Your Health?
By: Emil Fleysher | | Debt
In today's fast-paced world, the burden of debt can take a significant toll on your overall well-being, affecting both your mental and physical health. From sleepless nights to constant worry, the stress of unmanageable debt can feel overwhelming. However, there's a solution that can provide much-needed relief: bankruptcy. In this article, we'll explore how stress
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What is a 707(b) Dismissal for Abuse in Bankruptcy?
By: Emil Fleysher | June 24, 2024 | Bankruptcy
In bankruptcy law cases, the term "707(b) dismissal" is one that you’d really prefer to avoid since it typically arises in cases involving potential abuse of the bankruptcy process. Understanding what this dismissal entails is crucial for individuals navigating financial challenges and considering bankruptcy as a solution. Now, we'll delve into the concept of a
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What Documents Are Needed for Estate Planning?
By: Emil Fleysher | June 13, 2024 | Estate Planning
Estate planning involves preparing for the future management of your assets. This is important when you pass away or become incapacitated. It ensures that your wishes are honored and reduces the burden on your family members during a difficult time. Effective estate planning uses several important legal documents to outline your intentions clearly. Understanding which
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Can Chapter 13 Bankruptcy Lower Your Car Loan?
By: Emil Fleysher | | Bankruptcy
Chapter 13 bankruptcy might be a way for you to manage overwhelming debt, including your car loan. By restructuring your debts, Chapter 13 allows you to make more manageable payments over some time. If you're struggling to keep up with high car payments, you might wonder if Chapter 13 can reduce your debt. At Fleysher
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The 609 Loophole and Bankruptcy: What To Know
By: Emil Fleysher | June 12, 2024 | Bankruptcy
Understanding all your options is crucial when dealing with financial distress or bankruptcy. The 609 Loophole refers to a section of the Fair Credit Reporting Act. It might help you challenge inaccurate or unverifiable information on your credit report. While bankruptcy can impact your credit score, knowing how to navigate these laws can help you
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What is a “Preferential Transfer” in Bankruptcy?
By: Emil Fleysher | | Bankruptcy
As individuals confront financial hardships and contemplate bankruptcy as a solution, it's essential to understand the intricacies and potential pitfalls of bankruptcy law, including terms like "preferential transfer."  At Fleysher Law, we understand that considering to file for bankruptcy can be stressful and unpleasant. We always put the needs of our clients first, exploring all
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What is a “Fraudulent Transfer” in Bankruptcy
By: Emil Fleysher | June 2, 2024 | Bankruptcy
Understanding how fraudulent transfers are defined and treated in bankruptcy court can be crucial to a smooth and successful bankruptcy case.The following article will help individuals grappling with insurmountable debt understand what fraudulent transfers are, why they are problematic in bankruptcy, and how to avoid those problems. At Fleysher Law, we specialize in representing consumers
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What Documents Do I Need to Provide to My Attorney When Filing for Bankruptcy?
By: Emil Fleysher | May 22, 2024 | Bankruptcy
When facing financial challenges, seeking the guidance of a bankruptcy attorney is a crucial step toward regaining control of your finances. As you prepare to file for bankruptcy, understanding the documentation required by your attorney can streamline the process and ensure a smoother journey towards debt relief. Below, we’ll explore the essential documents you’ll need
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The Importance of Providing Documents to Your Bankruptcy Attorney: A Guide for Clients
By: Emil Fleysher | May 10, 2024 | Bankruptcy
In preparing a Ch. 7 or Ch. 13 bankruptcy case, success often hinges on the collaboration between the client and their attorney. While the attorney's legal expertise in bankruptcy law and procedures is essential, the client's willingness and ability to provide the requested documents and information is an equally important component in ensuring a smooth
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