logging in or signing up Fred_Welch_Bankruptcy_slides-1 bonnix Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 5 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: April 05, 2011 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Bankruptcy Basics: Bankruptcy Basics www.fredwelchlaw.comWhat Is Bankruptcy?: What Is Bankruptcy? Bankruptcy is a legal proceeding in which a person can get a fresh financial start Timing and quality legal advice are important to ensure that you make the right decisions when it comes to bankruptcy relief.What Can Bankruptcy Do?: What Can Bankruptcy Do? Discharge Debts- means that you eliminate your legal obligation to pay most or all of your debts. Stop foreclosure of your home and allow you to catch up on payments Stop repossession of a carWhat Can Bankruptcy Do?: What Can Bankruptcy Do? Stop wage garnishment Stop debt collection harassment Restore or prevent termination of utilities Get back your license for failure to pay court finesWhat CAN’T Bankruptcy Do?: What CAN’T Bankruptcy Do? Eliminate certain rights of secured creditors Discharge Debts after bankruptcy has been filed Discharge- alimony, child support, student loans, court ordered restitution or fines, and most taxes. Eliminate obligation of any cosigners (in most cases)Two Main Types of Bankruptcy : Two Main Types of Bankruptcy Chapter 7 Chapter 13Chapter 7: Chapter 7 A liquidation or “fresh start” bankruptcy. Your debts are canceled, but you must give u any non-exempt property You can keep secured property that your are current on.Chapter 13: Chapter 13 “Reorganization” or “Wage Earner Plan” Allows you to keep valuable property that you might lose to past due payment You will have 3-5 years to pay back the arrearsHow Do I Begin the Process?: How Do I Begin the Process? See our other videos on bankruptcy including what you can keep and what documents you will need Contact us today. Call, e-mail, or sign up for a free consultation Check out our website for more information at: www.FredWelchLaw.com You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Fred_Welch_Bankruptcy_slides-1 bonnix Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 5 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: April 05, 2011 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Bankruptcy Basics: Bankruptcy Basics www.fredwelchlaw.comWhat Is Bankruptcy?: What Is Bankruptcy? Bankruptcy is a legal proceeding in which a person can get a fresh financial start Timing and quality legal advice are important to ensure that you make the right decisions when it comes to bankruptcy relief.What Can Bankruptcy Do?: What Can Bankruptcy Do? Discharge Debts- means that you eliminate your legal obligation to pay most or all of your debts. Stop foreclosure of your home and allow you to catch up on payments Stop repossession of a carWhat Can Bankruptcy Do?: What Can Bankruptcy Do? Stop wage garnishment Stop debt collection harassment Restore or prevent termination of utilities Get back your license for failure to pay court finesWhat CAN’T Bankruptcy Do?: What CAN’T Bankruptcy Do? Eliminate certain rights of secured creditors Discharge Debts after bankruptcy has been filed Discharge- alimony, child support, student loans, court ordered restitution or fines, and most taxes. Eliminate obligation of any cosigners (in most cases)Two Main Types of Bankruptcy : Two Main Types of Bankruptcy Chapter 7 Chapter 13Chapter 7: Chapter 7 A liquidation or “fresh start” bankruptcy. Your debts are canceled, but you must give u any non-exempt property You can keep secured property that your are current on.Chapter 13: Chapter 13 “Reorganization” or “Wage Earner Plan” Allows you to keep valuable property that you might lose to past due payment You will have 3-5 years to pay back the arrearsHow Do I Begin the Process?: How Do I Begin the Process? See our other videos on bankruptcy including what you can keep and what documents you will need Contact us today. Call, e-mail, or sign up for a free consultation Check out our website for more information at: www.FredWelchLaw.com