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  • 12 Things You Should Know Before Filing for Bankruptcy

    Page 1 Free Bankruptcy Consultation

    http://www.suburbanlegalgroup.com/free-bankruptcy-consultation

  • 12 Things You Should Know Before Filing for Bankruptcy

    Page 2 Free Bankruptcy Consultation

    12 Things You Should Know

    Before Filing for Bankruptcy

    By Suburban Legal Group PC

    http://www.suburbanlegalgroup.com/free-bankruptcy-consultation

  • 12 Things You Should Know Before Filing for Bankruptcy

    Page 3 Free Bankruptcy Consultation

    Contents

    Introduction: 12 Things You Should Know Before Filing for Bankruptcy ...................................................... 5

    1. You May Have Several Options Available if You Are Struggling With Debt .............................................. 5

    A Few Ways to Get Help Reducing Your Debt ........................................................................................ 5

    2. How to Reduce Debt in 8 Steps................................................................................................................. 7

    3. How to Find an Attorney ........................................................................................................................... 9

    Follow These 7 Steps to Find the Right Attorney ..................................................................................... 9

    4. How Chapter 7 Bankruptcy Works .......................................................................................................... 10

    What is Chapter 7 Bankruptcy? .............................................................................................................. 10

    Chapter 7 Bankruptcy Frequently Asked Questions ............................................................................... 10

    Chapter 7 Bankruptcy Benefits ............................................................................................................... 11

    Chapter 7 Bankruptcy Limitations .......................................................................................................... 12

    5. Understand Chapter 13 Bankruptcy ....................................................................................................... 13

    How Does the Chapter 13 Bankruptcy Process Work? .......................................................................... 13

    Chapter 13 Bankruptcy Benefits ............................................................................................................. 14

    7 Things You Need to Provide to Your Attorney for a Chapter 13 Bankruptcy Case ............................ 15

    6. What is a Trustee in Bankruptcy? .......................................................................................................... 16

    A Trustee In Chapter 7 ............................................................................................................................ 16

    A Trustee In Chapter 13 .......................................................................................................................... 16

    Contact with a Trustee in Bankruptcy..................................................................................................... 16

    Primary Trustee Duties ........................................................................................................................... 17

    7. You Can Use Chapter 13 Bankruptcy to Save Your Home ...................................................................... 17

    How Do Chapter 13 Bankruptcy Payments Halt a Foreclosure? ............................................................ 18

    8. How Bankruptcy Laws Affect Student Loans .......................................................................................... 19

    How to Permanently Discharge Student Loans ...................................................................................... 19

    9. Can You Discharge Tax Debt in Bankruptcy? .......................................................................................... 20

    Tax Debt and Chapter 7 Bankruptcy....................................................................................................... 21

    Tax Debt and Chapter 13 Bankruptcy..................................................................................................... 21

    10. How Bankruptcy Affects Divorce .......................................................................................................... 22

    When Should You File For Bankruptcy And Divorce? .......................................................................... 22

    Divorce and Chapter 7 vs. Chapter 13 Bankruptcy The chapter of bankruptcy you file makes a

    difference if a divorce is in the picture: .................................................................................................. 23

    11. Understanding Chapter 13 Bankruptcy and Social Security Income .................................................... 24

    http://www.suburbanlegalgroup.com/free-bankruptcy-consultation

  • 12 Things You Should Know Before Filing for Bankruptcy

    Page 4 Free Bankruptcy Consultation

    The Law on Chapter 13 Bankruptcy and Social Security Income .......................................................... 24

    A Recent Court Decision on Social Security Income ............................................................................. 25

    12. Find out Who Can Garnish Your Wages and What You Can Do About It.............................................. 25

    Who Can Garnish Your Wages: 4 Categories......................................................................................... 25

    Child Support and Alimony .................................................................................................................... 26

    Student Loans.......................................................................................................................................... 26

    Back Taxes .............................................................................................................................................. 26

    Court Judgments ..................................................................................................................................... 27

    What Can You Do to Avoid Wage Garnishment? .................................................................................. 27

    Summary ..................................................................................................................................................... 28

    DISCLAIMER: All information on this eBook are provided for informational purposes only and are not intended to be construed as legal advice. Suburban Legal Group PC shall not be liable for any errors or inaccuracies contained herein, or any actions taken in reliance thereon.

    http://www.suburbanlegalgroup.com/free-bankruptcy-consultation

  • 12 Things You Should Know Before Filing for Bankruptcy

    Page 5 Free Bankruptcy Consultation

    Introduction: 12 Things You Should

    Know Before Filing for Bankruptcy

    Filing for bankruptcy is a big deal. While it can certainly be a tremendous resource if youre

    deep in debt and looking for a new start, there are rules, restrictions and financial ramifications to

    consider before jumping in headfirst. Theres a lot to absorb, so weve decided to lay out 12 of

    the top things to know before you decide to file bankruptcy. This isnt a comprehensive list, and

    it is certainly no substitute for law school! If you have any questions or want to know more about

    the contents of this eBook, contact a qualified bankruptcy attorney. Without further ado, lets

    begin!

    1. You May Have Several Options

    Available if You Are Struggling With

    Debt If you find yourself struggling with debt, before jumping into

    the bankruptcy process, your first step should be to explore

    your recovery options. While digging your way out of debt

    can obviously be quite a challenge, there are many avenues

    available to people who are struggling financially. This

    chapter will look at a few ways to address your debt issues.

    Getting started right away is one of the most important things

    you can do. The longer you delay, the fewer choices will be

    available.

    A Few Ways to Get Help Reducing Your Debt

    Develop a Budget: The first step toward taking control of your financial situation is to perform a

    realistic analysis of your finances. You need to make sure you can make ends meet when it

    comes to affording the basics: housing, food, health care, insurance, and education. Creating a

    budget is a great way to do this. You can find information about budgeting and money

    management techniques online through certified financial education centers, at your local public

    library, and in bookstores.

    http://www.suburbanlegalgroup.com/free-bankruptcy-consultationhttp://www.consumer.ftc.gov/articles/pdf-1020-make-budget-worksheet.pdf

  • 12 Things You Should Know Before Filing for Bankruptcy

    Page 6 Free Bankruptcy Consultation

    Contact Your Creditors: You should contact your creditors immediately if you are in debt and

    struggling with your payments; don't wait for them to contact you! You may still be able to make

    better arrangements, such as getting on a redu