Perez & Perez Bankruptcy

Posts Tagged ‘bankruptcy’

Macey Bankruptcy Law – Indiana cases transferred to Perez & Perez

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If you were previously a client of Macey Bankruptcy Law in Central or Southern Indiana, your chapter 7 or chapter 13 bankruptcy cases have likely been transferred to our office. You may be aware that Macey Bankruptcy Law (aka Jacoby & Meyers Bankruptcy) has gone out of business.   In fact, some of MBL’s creditors have filed an involuntary bankruptcy…

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Avoiding Judgment Liens

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  Where do judgment liens come from? When someone sues you for money, whether for a medical bill, credit card debt, repossession balance, or any other debt, if they win the lawsuit, they get a judgment against you.   A judgment is just a court order that says the court agrees that you owe the money to the…

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Mortgage Reaffirmation and Refinancing after Bankruptcy

Reaffirmation and Refinance Mortgage after filing Chapter 7 bankruptcy Indianapolis Indiana

One of the questions we get asked most frequently relates to mortgages and reaffirmation agreements. This usually comes up a few years after you have completed your Chapter 7. You may want to refinance your home mortgage to draw out some equity or because of better interest rates being offered by lenders. The mortgage company says you can’t refinance…

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Saving Money On Your Car Loan Through Redemption

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What is Bankruptcy Redemption? Redemption is authorized by Section 722 of the Bankruptcy Code. Redemption allows someone in Chapter 7 to keep personal property by paying the creditor the Fair Market Value of the item rather than the amount owed on the loan.   It is most commonly used for cars. For example, say your car is…

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Benefits of Chapter 13 Bankruptcy

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Chapter 13 Bankruptcy is a repayment plan, overseen by the Court, to help you deal with your debts. A Chapter 13 Bankruptcy usually lasts between 3 and 5 years and allows debtors to reorganize their debts. Benefits of Chapter 13 Bankruptcy Chapter 7 Bankruptcy is the more common type of bankruptcy filed by individual consumers. It is popular because…

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Tax Refunds and Bankruptcy

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  It is officially tax refund season! If you normally get a tax refund and have filed or are considering bankruptcy chapter 7, there are a number of issues to be aware of.  Tax Refunds can be Assets in Chapter 7 Bankruptcy Your tax refund is money the government owes to you.  In Indiana, we have limited exemptions for…

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How to Manage Your Debt

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Most of us have carried some form of debt at one time or another, be it a student loan, mortgage or credit card.   But no matter what your income level is, if you don’t manage your monthly budget, your debt can quickly spiral out of control. Ideally, borrowing just what you need and making timely…

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You’re Bankrupt, Now What?

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You’ve declared bankruptcy and are ready to start a new financial life. Your credit, which may have already been shaky, has taken a significant hit. While a Chapter 13 bankruptcy will stay on your credit report for seven years, and a Chapter 7 for ten years, that doesn’t mean it will take that long to rebuild your life.…

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5 Tips For Credit Card Debt Relief

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If you feel that your credit card debt has grown too large, you can take steps to reduce it. There are several relief options, but all have the same goal: to help you pay back what you owe in more manageable amounts. At Perez & Perez, we can answer your questions about each option. Balance Transfers You’ll need a…

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