Learning the Hard Way 60 Ways to Succeed

Whether you’re trying to learn the hard way or you’re looking for a great way to improve your life, there are many ways to succeed. One of the best ways to start is to take action. You can start by making a list of things you want to achieve. Then, take one step each day to make your list a reality. Doing this will make it much easier to get started and to stay on track.

Chapter 7

Getting a Chapter 7 bankruptcy means that your debts are frozen, which means that creditors cannot take action against you. This includes not garnishing wages, turning off utilities, or evicting you from your home. However, there are some debts that are not frozen in a Chapter 7 case. These include child support, alimony, and loans guaranteed by a governmental unit. If you file for bankruptcy, you will need to contact an attorney to determine what debts are protected and which are not.

A Chapter 7 bankruptcy process is lengthy and can take between four and six months. The length of the process can increase if you have to file additional documents, if the trustee needs to sell property, or if student loans are involved. In North Carolina, an impartial case trustee is appointed by the bankruptcy court to administer the case. Normally, the trustee will liquidate any nonexempt assets, and then distribute the proceeds to your creditors. If you have liens on your property, you may need to hire an attorney to assist you with the process.

The bankruptcy process is usually fairly simple, but it can be difficult to get through. Typically, you are required to complete credit counseling within 180 days of filing for bankruptcy.