Sherrie Smith Law

Bankruptcy Lawyer, Chapter 7, Chapter 13, Debt Relief Needs

[Sherrie Smith Law @sherriesmithlaw]

Beyond failing to qualify for a particular #bankruptcy chapter, there are other reasons a petition may be denied or challenged. Knowing these reasons can help you prepare to file. https://t.co/1zsVrxw8bd

[Sherrie Smith Law @sherriesmithlaw]

#truth

#Bankruptcy can help you gain control of your finances again. It starts with one, easy step - reach out today. ? #bankruptcylawyer #bankruptcylaw

[Sherrie Smith Law @sherriesmithlaw]

The practice of dealing with debt and debtors has seen a lot of turbulence throughout history. Today, we have a system to help those in need while preventing abuse, but just how did we get here? Read on. #bankruptcylaw https://t.co/Ud22PnVZUE

[Sherrie Smith Law @sherriesmithlaw]

#Bankruptcy is a big deal, and it can be difficult to know or admit when it's time to act. If you're receiving collection calls, watching interest rise, or experiencing life difficulties like credit denial or marital strife, it's time to act.

[Sherrie Smith Law @sherriesmithlaw]

Bankruptcy is a powerful tool for debtors, but some kinds of debts can't be wiped out in #bankruptcy. Below you'll find the types of debts you CAN discharge.

#bankruptcylaw #debtrelief https://t.co/fh2xT1L4qE

[Sherrie Smith Law @sherriesmithlaw]

Wondering if you can be fired after you file for bankruptcy?

Besides being incredibly insensitive, employers cannot discriminate against you because you filed for bankruptcy. That means being fired for bankruptcy alone. #bankruptcylaw

[Sherrie Smith Law @sherriesmithlaw]

Bankruptcy is a carefully controlled process, so any missteps may be seen as a violation of #bankruptcylaw, thus forfeiting your case. If you're filing for bankruptcy, avoid these mistakes. https://t.co/FZAjebFVCA

[Sherrie Smith Law @sherriesmithlaw]

If you're struggling month to month with #bills and #debt, consider filing for #bankruptcy. Our team of experienced experts can help you today.

[Sherrie Smith Law @sherriesmithlaw]

A proof of claim is the paperwork that a creditor must file before getting paid in a bankruptcy case. Under the #bankruptcy payment system, some debts—like income tax and domestic support obligations—have “priority” status and are paid before other claims. https://t.co/qCWb8K28WI

[Sherrie Smith Law @sherriesmithlaw]

Bankruptcy Law Terms to Know: Presumption of Abuse.

Presumption of abuse notifies the court that the person filing for #Chapter7 bankruptcy has sufficient funds to pay into a #Chapter13 repayment plan, and subsequently doesn't qualify for Chapter 7 #bankruptcy. #bankruptcylaw

[Sherrie Smith Law @sherriesmithlaw]

Bankruptcy offers protection from crippling debt, but it isn't a cure-all meant to be taken lightly. Before declaring #bankruptcy, it's important to understand how the process can affect you. https://t.co/h21BoXqEkH

[Sherrie Smith Law @sherriesmithlaw]

Bankruptcy Law Terms to Know: Statement of Intention

When filing chapter 7 #bankruptcy, you will have your pick of a few options with which to handle certain secured assets. A statement of intention is a formal declaration of what you plan to do with each secured asset.

[Sherrie Smith Law @sherriesmithlaw]

Student #debt is rarely dischargeable in #bankruptcy, but it remains one of the leading causes of debt. So, just what can be done? An executive order may intervene. https://t.co/gpvHQegHJK

[Sherrie Smith Law @sherriesmithlaw]

There is a stigma that #bankruptcy is a failure, but it isn't. It's an option to keep moving forward.

Sometimes you have to do whatever it takes. ?

#bankruptcylaw

[Sherrie Smith Law @sherriesmithlaw]

While many people understand that #bankruptcy won't leave them destitute, the provision of exemptions is not always understood. In order to protect those who need it most, certain assets are protected. Here's what you need to know. https://t.co/BiZHmWIhTa

[Sherrie Smith Law @sherriesmithlaw]

To prevent #bankruptcy abuse, not everybody can simply have their debt erased. That's where the 'means test' comes in. The test evaluates your ability to repay debt. If you are deemed financially able, you will not qualify for Chapter 7, but may still file under another chapter.

[Sherrie Smith Law @sherriesmithlaw]

If you're facing #bankruptcy, the question of how to pay for the legal process is probably a big one. There's no one-size-fits-all solution, but these tips may help you manage. https://t.co/dwjyA1dsLd

[Sherrie Smith Law @sherriesmithlaw]

Municipalities can have financial difficulties, too. Chapter 9 bankruptcy enables cities and townships to declare bankruptcy under certain conditions. It is less common than individual #bankruptcy but is employed occasionally, such as by Orange County, CA in 1994.

[Sherrie Smith Law @sherriesmithlaw]

Credit cards are a valuable financial tool, but also a slippery slope to debt. #Bankruptcy is available for those overwhelmed by #debt, but knowing whether you're ready for a credit card can help keep you out of it in the first place. https://t.co/T35UfKv7Mk

[Sherrie Smith Law @sherriesmithlaw]

#Bankruptcy prevents public utilities (electricity, water, etc.) to discontinue or refuse service for 20 days. Once bankruptcy is filed, however, the utility may ask for a deposit to ensure your ability to pay, and will expect subsequent payments to be made in full.