Free Chapter 7 vs. Chapter 13 Calculator here: tryascend.com/qualify/bankruptcy/ch7/vs-13-start/route/ch7vsch13youtube You can also call us at 833-272-3531 if you have any questions!
@bonniesims22293 ай бұрын
I just filled Chapter 7 and had 341 meeting and car offers and credit card offers in the mail are just crazy, i believe the system won't you to be in debt forever, but I refuse to go back to that nightmare
@AscendFinance2 күн бұрын
Thanks, yeah, I believe they want you to go straight back into debt!
@bonniesims22292 күн бұрын
@@AscendFinance well you won't be able to go in back into debt that fast, don't choose some of the thirsty offers that come in the mail specially car deals and high interest credit card deals,, it is August now I filed in April in my bankruptcy has been discharged, but always remember after it has been discharged that's when the challenge really start because you become a cash-only type person which could be very challenging
@macgamer197319 сағат бұрын
Yeah after I file for chap 7, only get my two favorite accounts back Capital one and Discover, f credit cards
@bonniesims222918 сағат бұрын
@@macgamer1973 well that's great i haven't been able to regain any credit so far!!!!!
@luvuexpressions574211 ай бұрын
Wow!, I feel so empowered! I learned a so much from your channel about Bankruptcy . I learned that, " I could do it myself." The calculator, is a very useful tool also. Thank you so much for being here.
@AscendFinance11 ай бұрын
Thank you so much for sharing this encouraging message! -Ben
@bonniesims22292 күн бұрын
@@luvuexpressions5742 good luck with doing it yourself, my only problem with doing it myself I just didn't want to make any mistakes I had a very good attorney that not only knew the system but he was able to file my chapter 7 no assets, quickly and it was discharged quickly and that is due to the fact that he was already connected to the court system
@nasariosantos1117 Жыл бұрын
Very helpful bankruptcy information,Thank You!
@AscendFinance Жыл бұрын
You are so kind, thanks, Nasario. What are you leaning towards? If helpful, text or call me at 833-272-3631 if you have any specific questions! -Ben
@donjames636111 ай бұрын
Thank you for providing this simplified view of the major differences between chapter 7 vs. 13. The video was very helpful.
@AscendFinance11 ай бұрын
You're very welcome! Thank you so much for the kind words! If you'd like a free bankruptcy attorney consultation, please give us a call at 833-272-3631 and we can get one setup for you!
@razelletownsend62782 жыл бұрын
Thank you! Please continue to make more content 💕
@AscendFinance2 жыл бұрын
This is so kind. Thank you for the encouraging words, Razelle! We will do our best!
@teresaaguirre7233 Жыл бұрын
I sure did learned about this with this video thank you very much🙏🏼
@AscendFinance Жыл бұрын
Hey Teresa, we are so glad to hear that! Thank you for the encouraging note.
@momof5family1388 ай бұрын
Why was I told by the attorney it’s not up to me, it’s up to my income and I have to file what he says I need to file?? My income varies a lot, I have my base pay but also been working a lot of overtime to get myself out of debt but as times change, cost went up, I’m gaining more debt. Thus, the need for bankruptcy. I feel it should be based on base income without overtime because overtime is not guaranteed!
@AscendFinance8 ай бұрын
Thanks for the heads up. Have you already filed? I'd like to understand your situation better. If helpful to chat through options, could you give us a call at 833-272-3631 and mention this video?
@keithcee6378Ай бұрын
Glad I ran into this clip, I have really unfortunately have been thinking I might have to go this route. My wife decided after 20yrs in corporate America,to go back to school for nursing and this bills just got too top heavy for only having one income now. My real worry is the assets you briefly touched on in this clip. I’m into my mortgage 15 years of 30. I would hate to have my home impacted. And I also have one paid off car that is my weekend cruiser. Car sits more then driven….i don’t wanna sound selfish but I would really love to not have to give it up. Wish me luck lol
@AscendFinance26 күн бұрын
Thanks, absolutely. And if helpful, please feel free to give us a call at 833-272-3631? We can't provide legal advice, but we can provide information and also access to our reputable bankruptcy attorney network that provides free consultations.
@trinityacandhtg55439 ай бұрын
Great information 👍👆
@AscendFinance9 ай бұрын
Thanks so much for sharing!
@20830johnny2 жыл бұрын
Thank you for your video.
@AscendFinance2 жыл бұрын
It’s my pleasure! Yeah, we created this video as I wanted to have a simple way to explain the differences!
@tamatha772 жыл бұрын
I have 18,000 in credit card debt. I am on ssi with no assets at all. What would be the best option for me?
@AscendFinance2 жыл бұрын
Hey Tammy, you may already know this but you may be judgment proof. Some individuals on SSI may still choose to file bankruptcy just so they don’t have the debt to their name. Chapter 7 may be cheapest and fastest. Give us a call if you have any questions - 833-272-3631.
@thomasgronek64692 ай бұрын
Is there anyway to force the bank into lengthening the term of the loan without doing a bankruptcy? I have no other debts except for one he locked that I couldn’t pay because of disability thank you. Nice presentation also thanks.
@20830johnny2 жыл бұрын
Thank you for your video, it helps me to understand more. I watch some other video from different author about bad thing to avoid to do before file Ch7. But there is no video about California. Is it anything we did will get fail to discharge in Ch7 ? Such as we will lose the protection of 401K or IRA if the creditors can apply the exemption…..
@AscendFinance2 жыл бұрын
Hey Johnny, thanks for the message. I see our scheduled call today on my calendar, so let’s discuss then and answer all your questions. Talk to you soon! -Ben
@drucompany48714 ай бұрын
Amazing video with simple explanations. I am evaluating bankruptcy due to a few rough years that put me way behind on a lot of debt. I have only talked to one local attorney and they said the chapter 13 fee was $6500. Does that sound high? Also, I have a rental property and my home which they told me had too much equity for a chapter 7. Does this mean I really only have a choice of a 13 if I want to keep them? Lastly, I used to make over $150k it’s been a struggle to get back to that level due to some MH challenges…but I believe I’m close to getting a high paying job again. What happens with my debts if I get a high paying job or a business I’m working on takes off?
@drucompany48714 ай бұрын
Sorry for the long background and volume of questions 😅
@AscendFinance3 ай бұрын
I'm sorry for the delay. The Chapter 13 attorney fee is generally a no look fee, which basically means that many people will charge the same amount regardless of where in the district. Would you be able to call at 833-272-3631? I'd like to understand more context.
@adventureswithadrienne19 күн бұрын
8.7.2024 Hello, Does bankruptcy help if already is being sued? Will it also stop an already lawsuit? Lastly, what about traffic tickets, does it help with those too?
@AscendFinance17 күн бұрын
It may be able to help with an unsecured debt lawsuit and stop the proceedings. The traffic tickets question would be a great question for an attorney, and I can get you linked up for a free consultation with one if helpful at 833-272-3631. Thanks!
@mikeparki65846 ай бұрын
Very informative and easy to understand Question what if your debtors are overseas?
@AscendFinance6 ай бұрын
You would have to ask an attorney, have you spoken to one already?
@asaphmartin956323 күн бұрын
Recently my sister set me up after renting her house. I had a family dispute with my parents and she tried to make me suffer for taking my son and I out of their life. I recently just purchased a house on first buyers loan and I have a car with minus equity I don't own anything and she's suing me multiple times. Filing bankruptcy for chapter 7 is what I'm guessing I should do. The house payment in car payment along with all the bills and in her suing me is way too much for me to pay alone. Plus she doesn't actually deserve any money because she set me up with no receipts for a while so she could go back on rent and charge me everything. She's a multi-millionaire and purposely just wants to hurt me for reasons that are not money related. What would you suggest the best path be?
@asaphmartin956323 күн бұрын
My car is worth much less than my loan for the car because I had lost equity on a trade-in. The house I've only paid 4 months payments and haven't missed any. I don't believe I've gained any equity in the home. I do not own any other assets.
@AscendFinance2 күн бұрын
I am so sorry for your situation. I cannot provide legal advice, but I can get you access to an attorney who serves your area that can help. Can you call me/us at 833-272-3631 if you're interested to get connected?
@jimwebman6 ай бұрын
So I’m guessing both my wife and I will need to file with our incomes one can’t go bankrupt without the other, correct?
@AscendFinance6 ай бұрын
Thanks for the question! You actually can file individually, sometimes people will do that if they do not have any joint accounts. However, they still look at the total household income to determine if you qualify for a Chapter 7, even if you file individually.
@djones32112 ай бұрын
Hey there love this video very informative. Where is the exception form?
@AscendFinance2 күн бұрын
Thanks, sorry, I am behind on comments - Any chance you can call me/us at 833-272-3631? Would love to chat through it.
@Spritualsection18 сағат бұрын
I moved to California from Chicago to open a restaurant ,I did open the restaurant with my wife with a LLC I am in a big financial mess now like around 150k If I apply for chapter 7 will I be able to lose my restaurant business ?
@AscendFinanceСағат бұрын
I am so sorry to hear that things are not going as planned. You may be at risk of losing the restaurant, although it may depend on the value. You'd want to get this confirmed with a local attorney. You can call or text my team at 833-272-3631 and we can help you connected with someone locally.
@hollllly10 ай бұрын
But what if you file chapter 7 but don’t want your mortgage debt included? Can I still lose my house? My house payments are and have always been on time. Also I completely own my car. I just need help with all the credit card debt. I am trying to get help for my spending to deal with stress and it put me in a really hard place.
@AscendFinance10 ай бұрын
Unfortunately you won't be able to choose what is disclosed in a bankruptcy filing. It may be helpful to chat with a local attorney to have them review the exemptions in your state for your house and cars to see if you can keep the the property in the filing. If you need help finding a reputable local attorney shoot us a text at 833 272 3631 and we can connect you to one!
@user-by9cr7ze1m7 ай бұрын
I basically have the same concerns thanks for asked this
@AscendFinance7 ай бұрын
Feel free to call us at 833-272-3631 because your home may be protected within a chapter 7 but it will depend on the state exemption.
@preciouscatlover42332 ай бұрын
If i filed a chapter 7 and we have a mobile home but its only in my wifes name and she doesnt use my last name .is our property subject for liquidation just to pay the debt collectors?
@AscendFinance2 ай бұрын
Hey, have you talked to an attorney or did you file without one?
@tiwannajordan49311 ай бұрын
What exempt you from loosing your home or vehicle in a chapter 7
@AscendFinance11 ай бұрын
Thanks for the message! We just built this bankruptcy calculator if helpful for exemptions: tryascend.com/qualify/bankruptcy/exemptions
@kevinhobbs9896 Жыл бұрын
I found out last Thursday I'm being sued by a debt collector court date is very soon what is my options I'm on SSDI
@AscendFinance Жыл бұрын
I'm sorry to hear about the debt collection lawsuit. Thanks for context about SSDI, that's helpful as you may be judgment proof (although you still may want to do something). Would you be able to text or call us at 833-272-3631? Or if it's easier, you can schedule a quick complimentary 15 minute call her to go through options: calendly.com/ascnd/call - Thanks, chat soon. -Ben
@JoseRamirez-mn3qw4 ай бұрын
I have credit card debt, a car lease and a motorcycle, lost my job and now I’m making less income, I’m thinking about chapter 7, my concern is if I get to keep at least my car lease to commute, and will that affect my apartment lease/rent?
@AscendFinance4 ай бұрын
Hey Jose, great questions! I am so sorry to hear you are going through all of that, it sounds stressful. If you were to file a chapter 7, most of the time they may reaffirm your car loan so you can continue paying on it- just confirm with an attorney. When you file bankruptcy, it should not affect your current rent, but it could affect if you tried to rent elsewhere.
@stephendiaz20272 жыл бұрын
If my mom plans to put me on a revocable trust, but I plan to file for bsnkruptcy. How will this affect the assets in the trust?
@AscendFinance2 жыл бұрын
Hey Stephen, thanks for the note. This may be a good question for a local attorney in a free phone consultation. Happy to get that setup for you as we have a National bk attorney network at 833-272-3631 (text or call) or you can just google bankruptcy attorneys in your area, and I like to read reviews lowest descending.
@user-fe1pc3tm5v10 ай бұрын
My only income is social security
@AscendFinance9 ай бұрын
Thanks for letting me know. Do you have any assets? Did you speak with an attorney at all about being judgment proof?
@spellman09026 ай бұрын
They can’t go after that! Laugh at em if you don’t have the assets
@AscendFinance6 ай бұрын
Correct, they shouldn't be able to go after SS but they can possibly go after assets.
@SC-rs8bn2 жыл бұрын
Do you do videos on the best method of rebuilding credit after the case is accepted and done?
@AscendFinance2 жыл бұрын
Thanks for the fantastic question! We don't currently have any videos on that, but we will add that to the list! However, for now, we did build this free credit rebuilding portal to help folks rebuild their credit after bankruptcy. Here is a link to our free credit rebuilding portal: tryascend.com/chapter_7_bankruptcy_credit_rebuilding_portal
@SK-id4yj2 жыл бұрын
@@AscendFinance Thanks
@AscendFinance2 жыл бұрын
My pleasure! Yeah, we built this portal a few months ago specifically for those who would like to know sort of steps that could help them rebuild credit after bankruptcy.
@Mav0585 Жыл бұрын
My attorney said if our business debt exceeds our consumer debt, even if we make over the middle income, is this accurate?
@AscendFinance Жыл бұрын
Thanks for the question! I’m not tracking this question, sorry. Are you asking if your business debt exceeds consumer that you can qualify for chapter 7? I’m not sure of your exact situation, so may be helpful to get another free evaluation if you feel hesitating about the first one? Thanks!
@deannatorres61657 ай бұрын
Does filing for bankruptcy affect my renting? I currently rent an apartment in NJ, rent is always paid on time, 0 issues, i am struggling with personal loan/credit card debt and considering these options. Does it affect a car I make payments on?
@AscendFinance7 ай бұрын
Hi! Great questions. As long as you are current on your rent then it shouldn't be a problem, but if you needed to rent a new space then it may be challenging, it would likely depend on the landlord. As for a car in a chapter 7, the attorney may be able to reaffirm the loan so you can continue paying on it after you file. If you have other questions, give us a call at 833-272-3631!
@BossRay-ki6ot4 ай бұрын
How long does it take to receive a case #?
@AscendFinance4 ай бұрын
When you file, you should receive a case number, I believe. Did you file with an attorney?
@Nellyvilleee2311 ай бұрын
Thank you for this information. I appreciate it so much 👍🫶
@AscendFinance11 ай бұрын
I appreciate your encouraging words, thank you!! -Ben
@candygoode1256 ай бұрын
thank foe Teaching us the difference between Chapter 7 Chapter 13 Chapter 7 is less chapter 13 more😅😅😅😅
@AscendFinance6 ай бұрын
Of course! Happy to help!
@user-by9cr7ze1m7 ай бұрын
Hola nesecito ayuda pero mi temor más grande es perder mi casa? Y mis deudas no las puedo pagar, obviamente el capítulo 7 tanto el 13 tienen sus pros y sus contras. Pero me encantaría que me aconsejaras lo único que tengo de más valor es mi casa. Y en este caso me conviene más el capítulo 13!
@AscendFinance7 ай бұрын
¡Oye, gracias por la pregunta! En un capítulo 7, dependerá de cuánto valor líquido haya en la vivienda y cuál sea la exención estatal para ver si su casa puede protegerse. En el capítulo 13, brinda protección total de activos para que su casa no esté en riesgo. Si tiene alguna otra pregunta, llámenos al 833-272-3631.
@monchimofongo11 ай бұрын
will be 69 this month. On social security $1740. after deductions. Had good credit until heart attack a year ago. Had to stop working for a year surviving on unsecured loans and credit cards. Now I cannot keep with payments. Savings are gone. Nedd to be on payroll to survive and have rent money. Just got a job last week that pays $37.50 per hour. Because of the job, an attorney told I will not qualify for CH 7. Even though I would otherwise qualify based on earning of last 6 to 10 months. I am over 60 days late on my on credit cards and loans $44,000. Plus I owe abou $10000 in medical bills. I do not own a home, I only own 2005 Lincoln car, paid ott. What should I do? Chapter 7 or 13? I also own $171,000 in student loans.
@AscendFinance11 ай бұрын
Gosh, thank you so much for reaching out. Would love to chat through your situation. Would you mind if I connected you to a different bankruptcy attorney for a second opinion? Could you shoot my team a call/text at 833 272 3631 or fill out this form and we can look over your situation? tryascend.com/qualify/bankruptcy/ch7/vs-13-start/route/ch7vsch13youtube
@kevinhobbs9896 Жыл бұрын
I'm on SSDI and have a lot of credit card debt what would be my best option I have a mortgage in my name
@AscendFinance Жыл бұрын
Hey Kevin, so sorry to hear that. How much equity in the mortgage? Can you text us or call us on Monday at 833-272-3631?
@Stealthmuiz2 жыл бұрын
Vs. is short for versus. It's not pronounced verse.
@AscendFinance2 жыл бұрын
Fair point, thanks so much for sharing! I will do my best to make sure I state that going forward.
@airbender405 ай бұрын
To many unknown questions. To long for me to understand or calculate. No help
@AscendFinance5 ай бұрын
I'm sorry about that. What questions did you have? If a phone call is easier, we can explain it all so just give us a call at 833-272-3631!
@irenervp Жыл бұрын
Hi I had a heart attack last year and accrued so much debt and medical bills of over 250k and it’s now impossible to pay all my bills. I have no property except a car that’s paid off worth 7k. Should I file chapter 7?
@AscendFinance Жыл бұрын
Hey Irene, I am so sorry about the heart attack and the accrual of that debt. That sounds terribly stressful. What state are you in? That car may be covered by a wildcard or state auto exemption. If it's easier, give us a call or text at 833-272-3631? Thanks, and talk soon. -Ben
@irenervp Жыл бұрын
@@AscendFinance Thank you, I live in North Carolina. I heard about exemptions but not wildcards. How much should I expect to pay in lawyer fees for chapter 7?
@AscendFinance6 ай бұрын
Hey! So the range for a chapter 7 is usually between $1,000-$2500 but it depends on the state you live in and the complexity of your case. Feel free to give us a call at 833-272-3631.
@jasonblizzard96357 ай бұрын
I think your approach here has you mind on the money you get, a case being dismissed? You didnt say why ut was dismiised... Too much debt? Attorney missed too many filing dates? Pretty rare to have a case like that dismissed, but you left it unexplained. Why?
@AscendFinance7 ай бұрын
If a chapter 13 is dismissed it could be due to missed payments, failure to attend hearings or complete courses, hardships not approved, failure to file necessary forms or missing any deadlines, and a common one is a voluntary dismissal. If you have any other questions you can always reach us at 833-272-3631.
@jasonblizzard96357 ай бұрын
@@AscendFinance I'm currently looking for a chapter 7 lawyer, one that is affordable.
@AscendFinance7 ай бұрын
We can get you connected to a local firm for a free consultation if you want to see what the price would be? Give us a call at 833-272-3631.
@fluffysworld44925 ай бұрын
When filing does it have to be in the state of your license. I'm a traveling Healthcare worker ?
@AscendFinance5 ай бұрын
It's usually your place of residence! You have to be living in the state for a certain amount of time.
@candygoode1256 ай бұрын
can I fill Chapter7 I have on Income I only have Credit card debt can I still fill
@AscendFinance6 ай бұрын
It depends what your income is because you have to qualify for a chapter 7 since there is a threshold for the means test. If you want more info on it and see if you qualify, give us a call at 833-272-3631 and we'd be more than happy to help!
@bonniesims22293 ай бұрын
By the way my credit score went up due to income debt ratio
@tankdathomieАй бұрын
When you filled chapter 7, what assets did you give up? Video game consoles? TVs? Video game consoles?
@bonniesims2229Ай бұрын
@@tankdathomie I actually did not have anything of value that amount to any value so I really had a no asset chapter 7 I didn't have to give up anything I decided to keep my car because it was only worth $2,000 and it was in a title loan so I'm about to pay that off so everything went good I'm about to get my discharge my meeting 341 meeting was in May
@tankdathomieАй бұрын
@@bonniesims2229 I guess it depends on the state. I'm considering bankruptcy. How much did you have to pay? I appreciate the fast reply. Gonna have to add up everything and get a consultation.
@bonniesims2229Ай бұрын
@@tankdathomie I live in Georgia so my no asset Chapter 7 bankruptcy was 1800.00 and I got that on a payment plan and I had a very very good attorney I paid $200 a month until the balance is paid off
@bonniesims2229Ай бұрын
By the way it has been wonderful my phone has totally went silent but one thing I must bring to your attention is to always keep an eye on all three of your credit files to make sure accounts are being closed because I've had to file several disputes on all three credit bureaus during this whole process
@mjhstudent4 ай бұрын
can you serve here at 96950?
@AscendFinance4 ай бұрын
Hi! Sorry, we only operate within the US.
@starscreamrgaming11 ай бұрын
Do you lose your house and car?
@AscendFinance11 ай бұрын
In a Chapter 7 you may lose your car or home, but you can know whether you will lose it by checking with an attorney in a free consultation (we can connect you to one if needed click the link in description or in our bio. Or call/text 833 272 3631) In a Chapter 13 you can keep your home and car as long as you're able to keep up with the mortgage and car payments. You would just pay the home and car payments inside of your Chapter 13 payment plan.
@Rebirtha749 ай бұрын
Does this include second mortgages?
@AscendFinance7 ай бұрын
Yes- it depends on the equity in the home.
@user-no8fw8mf8t10 күн бұрын
I’m a shit marriage the wife has everything what do I do ??
@AscendFinance10 күн бұрын
I am so sorry to hear that. I'd like to hear more about your debt situation, could you call my team at 833-272-3631?
@josephvillegas11 ай бұрын
I have over 15,000 in instalment loan debt some being from tribal loans I’m overwhelmed in payments and can no longer do it. I’m considering closing my bank account I simply cannot make these payments anymore what can I do Over 15k in instalment About 40k in overall debt
@AscendFinance11 ай бұрын
Thanks, would you be able to call us to go through options? 833-272-3632 -Ben