What happens if a judge rejects my Chapter 7 bankruptcy petition?

You must pay creditors to avoid legal action against you. When a judge denies your petition, you may seek assistance through another debt relief program or file Chapter 13 for additional bankruptcy protection.

What happens if I don’t qualify for Chapter 7?

In most cases, you mustearn below the median in your state based on your household size. Earning above that threshold could disqualify you from filing Chapter 7. If you don’t qualify, you may seek assistance through other debt relief programs or make payment arrangements directly with creditors. Failing to do anything could result in default judgments, which can lead to account levies and garnished wages.

November 2021

29 Nov

What Happens If You Don’t Qualify for Chapter 7 Bankruptcy?

Posted Under: Bankruptcy , Blog , Debt Relief

Filing for bankruptcy is supposed to give you a fresh start—a financial do-over after facing financial hardship. The challenge is...

21 Nov

Top Reasons People File Bankruptcy

Posted Under: Bankruptcy , Blog , Financial Education

Life is filled with unexpected twists and turns. Yet sometimes, those turns result in a financial crisis that leaves you...

15 Nov

Is Debt Settlement Really Worth It?

Posted Under: Blog , Debt Relief , Debt Settlement

Debt settlement gets a bad rap because creditors want you to repay the total amount owed, and creditors largely control...

09 Nov

5 Myths About Debt Settlement That Could Cost You Money

Posted Under: Blog , Debt Settlement

Achieving relief through debt settlement can eliminate bills from high-interest accounts within a few years. While it is not a...

02 Nov

5 Myths About Debt Consolidation That Could Cost You Money

Posted Under: Blog , Debt Consolidation

Are you exhausted from making minimum payments on credit card debt, month after month, watching the balance barely move? Are...

REPRESENTATIVE EXAMPLE OF APR

For example, a $30,000 loan with a 4.99% APR over 5 years (60 months) would result in a monthly payment of $566, with total interest paid amounting to $3,959.97. This could save you thousands in interest compared to higher-rate debt.

ANNUAL PERCENTAGE RATE (APR)

Annual Percentage Rate (APR) represents the annualized interest rate you are charged for borrowing. It is the combination of the nominal interest rate and some additional costs such as fees involved when incurring debt. Our lender offers APRs for personal loans, cash advance loans, installment loans and debt consolidation loans from 4.99% to 35.99%. Since New Start Capital does not directly issue loans, we cannot deliver any specifics or guarantee the APR you will be offered. The APR depends solely on your lender’s decision, based on various factors including your credit score, credit history, income, and some other information you supply in your request. For more information regarding the APR contact your lender.