Taking the Fear Out of Chapter 7 Bankruptcy

[@Consumer_Warrior]

Take a deeper dive into Chapter 7 bankruptcy and Debt Settlement in the course below 👇👇👇 🔥🔥🔥 How to Become Debt Free Through Debt Settlement or Bankruptcy. consumer-warrior-project.thinkific.com/bundles/debt-settlement-bankruptcy 🔔 Subscribe for more free debt elimination strategies and tips: kzbin.info

[@DreeV97]

I just filed last night and shipped it out. I'm anxious about how I'll be treated or how the companies will think regarding me but it was ultimately my only option. Thank you for this video.

[@bethart1985]

We filed this year and just got our discharge papers a couple weeks ago. The hardest part was getting all the collectors and addresses together and printing off all the bank statements and such. The meeting of the creditors was over the phone and it was littetally 3 to 5 minutes long. We had to do the credit counseling before and after and that was online and super easy. It's all behind us now and we are so grateful. Praying yours goes smooth!

[@DreeV97]

@@bethart1985 thank you for that. That puts me at ease more ❤️

[@Danny-tt8rv]

@@bethart1985 bank statements ?? Why bank statement . U have to send them all that ?

[@VeesFunkyAZZshop]

Thank you for providing one of the clearest, straight foward, explanations of this process. I have been dileberating this process for the past year with an endless payment on credit cards. Paying out minimal payments and nearly vomited to learn last year I paid our nearly 12K in interest charges. With recent interest rates sky rocketing , even on credit cards, I am at my wits end .

[@Consumer_Warrior]

Glad I could be of help. Thanks for watching!

[@davelamb5895]

I watched several YT vids from different AZ attorneys including you, to learn as much as I could of the process. My attorney had a GREAT paralegal who did SO much of the document/bank statement/title gathering!! It would have been a disaster had it not been for her!! We filed Chapter 7/no assets 1/12/21, my 341 meeting was delayed a month due to an error by the court, but held on 3/17/21 via telephone and lasted 7 minutes, then my discharge on 6/4/21. My attorney has told me NOT TO FORGET to send my trustee a copy of my tax returns for 2021, or there can be a problem! Overall, got it all done for under $1600. including the filing fee! FICO score dropped to 475 almost overnight, but has rebounded to 625 and climbing slowly but surely! Expecting it to be 725 by early 2022.

[@Consumer_Warrior]

Glad to hear things are going well Dave!

[@AnniesHere-rn5bc]

Its a scary time - but have faith - thank u very much -

[@Consumer_Warrior]

Thanks for sharing!

[@lesliegriego1438]

How much does the attorney charge to do all this? And I think you are awesome!!!

[@Consumer_Warrior]

In my law practice in Arizona we file Chapter 7 bankruptcy for $0 down and then low monthly payments. If you are in Arizona you can set up a free consultation at [phone].

[@nonassumpsit4028]

@ Consumer Warrior - We are thankful for all of the info you provide. Can you tell us all about utilizing 12 cfr 226.23 instead of bankruptcy so we can break the contract and get our down payment and monthly payments back? As well as possibly keep our home or automobile. Also when that is not available tell us about utilizing 18 usc 1981(b) to break the contract without the need of bankruptcy as it is our right to do so.

[@edwardtorres3662]

Is my business equipment exempted and my box truck?

[@Albert-777]

What happens if you did file a chapter 7,15 years ago?what will the trustee do?

[@nala3038]

Nothing

[@Angelhands709]

Thank you

[@marilynadams5980]

If I retained a lawyer for a chapter 7 with $100 and I want to change lawyers and go with having the debts consolidated into a loan, can I do so? I guess this is a 2 part question🤔

[@Earthtime3978]

Are those credit and financial courses mandatory in all states ?

[@Consumer_Warrior]

Yes.

[@zmanphx]

Be careful if you have equity in your home. Especially now.

[@Consumer_Warrior]

that is good advice. With the upswing in the housing market chapter 7 for homeowners needs to be evaluated more carefully.

[@erwinhackl8795]

So is the 9000$ tax return sitting in my saving about to get taken. I’m about to file. Married with 5 kids

[@DreamofThrills]

will I lose my house if I do this??

[@lowrider5717]

Why not just do a settlement with your creditors on a % of the debt! Isn’t that kind of the same thing as doing a bankruptcy or a chapter 13??

[@Consumer_Warrior]

Chapter 7 bankruptcy does not require you to pay any of your unsecured creditors. Medical bills, credit card debt, personal loans are all completely wiped out. Debt settlement requires you to pay a portion of the debt (usually 10-50%) and a chapter 13 bankruptcy is a 5 year process that requires you to pay a portion of your debts as well.

[@lowrider5717]

@@Consumer_Warrior so after a chapter 7 what if you have credit cards that arent in default with decent credit lines , do you have to give those up too? like will the bank close those accounts if there is no balance on them?

[@mattrhoads8738]

I think one can reaffirm any debts they will honor by law and oath..

[@nala3038]

@@lowrider5717 they will when they find out about the bankruptcy

[@onlyinamerica0073]

First

[@Consumer_Warrior]

Thanks!

[@nala3038]

34th