Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today let’s wrap up our discussion of cryptocurrency and non-fungible-tokens.
Whether a person files a Chapter 13 or Chapter 7 bankruptcy case, they are afforded a great deal of relief from their debts. When a person files a Chapter 13 case, they agree to pay as much as they can towards their debts in a 3—to 5-year repayment plan before getting their discharge. The bankruptcy court plays a crucial role in these proceedings, allowing individuals to keep certain necessities while managing their debts.
We all have fears. Some of us has have anxiety levels that are quite low and others quite high. Over the years, I have seen both sides. I tend to be on the higher anxiety side. But I have had people come in over the years needing to file bankruptcy and they could not care less they are filing Chapter 7 Bankruptcy. I find that amazing. I mean I am envious of someone who has so little anxiety like that. However, in my career, that is not the norm. Most people are terrified of filing Chapter 7 Bankruptcy.
A chapter 7 bankruptcy is a great and powerful tool that allows people to get rid of huge amounts of debts that they can no longer financially afford to pay. Unlike, in a chapter 13, in which a person pays as much as they can towards their debts in a 3 to 5 year repayment before receiving a discharge of their remaining debts, a person in a chapter 7 bankruptcy case is not required to make payments towards their debts, and typically receives a discharge within 3 to 4 months after filing their case. Any person is allowed to file for chapter 7 bankruptcy so long as they qualify based on their income (the person must have an income that is below the State median income for their family size).
An individual who files a chapter 13 or chapter 7 personal bankruptcy case is afforded a great deal of relief from their debts. In exchange for this huge debt relief, a person who files for bankruptcy (aka the “debtor”), is required to make payments to creditors in a chapter 13 repayment plan and, in some circumstances, is required to surrender property to pay creditors in a chapter 7 case.
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today let’s talk about a more current topic: cryptocurrency. This post will merely skim the surface of current cryptocurrency issues, for what it is worth.
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today let’s talk again about a more current topic: cryptocurrency. This post will continue to merely skim the surface of current cryptocurrency issues, for what it is worth. Today, let’s introduce the topic of non-fungible tokens, also known as NFTs.
We have many people who reach out to LifeBack Law Firm concerned about these type of questions. And they are legitimate fears of course. But what we tell people is there really is two issues to dissect when it comes to this question.
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today let’s talk again about a more current topic: cryptocurrency. This post will continue to merely skim the surface of current cryptocurrency issues, for what it is worth. Today, let’s discuss a scam that occurs in the industry: pump and dump.
I have pity for humans who try to avoid the “b” word because they want to pay their debt. We all want to pay our debt. The issue is this: who comes first, your family or your creditors? Your family has to come first.
Some people think a bankruptcy attorney is a bankruptcy attorney and they could not be more wrong. I have been in this business for 25 years and I can tell you I have seen some things that would make your blood boil.
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today we continue to discuss public benefits in the 21st century by turning to food assistance and benefits aimed at needy families and children.
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today we continue to discuss public benefits in the 21st century. Finally, we finish off our round up of public benefits by discussing workers’ compensation and unemployment benefits.
When a person files a chapter 7 bankruptcy case, they must make a decision as to what they intend to do with their existing secured vehicle loans. Bankruptcy eliminates the debtor’s personal legal responsibility to repay a vehicle loan but does not eliminate the lender’s lien against the vehicle. Therefore, when a debtor files a chapter 7 case, they must choose whether to keep the vehicle and pay for it, or stop making payments, and surrender the vehicle back to the lender.
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
Whether a person files a Chapter 13 or Chapter 7 bankruptcy case, they are afforded a great deal of...
We all have fears. Some of us has have anxiety levels that are quite low and others quite high....
A chapter 7 bankruptcy is a great and powerful tool that allows people to get rid of huge amounts...
An individual who files a chapter 13 or chapter 7 personal bankruptcy case is afforded a great deal...
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
We have many people who reach out to LifeBack Law Firm concerned about these type of questions. And...
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
I have pity for humans who try to avoid the “b” word because they want to pay their debt. We all...
Suppose you live in Minneapolis, MN and you have 30k in credit card debt and 10k in medical debt.
Some people think a bankruptcy attorney is a bankruptcy attorney and they could not be more wrong....
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
When a person files a chapter 7 bankruptcy case, they must make a decision as to what they intend...
