What Is A Discharge In Bankruptcy
A discharge in bankruptcy in simple terms is the termination of the bankruptcy process. When this occurs will depend on the type of bankruptcy and can be as short as four months for a Chapter 7...
View ArticleWhat Is A Meeting Of Creditors?
A meeting of creditors is not as simple as it may sound. In most Chapter 7 and 13 bankruptcy petitions, a debtor is required to attend a meeting of creditors where they are questioned about their...
View ArticleCan Anyone File For Bankruptcy?
This is actually a trick question. Can anyone file for bankruptcy? Now legally, yes, any American citizen can apply for bankruptcy relief. In practice, whilst you can apply, there is no guarantee you...
View ArticleBankruptcy Lawyers Can Help Unearth Unlawful Debts
One of the benefits of seeking advice from a bankruptcy lawyer is that they will go through each debt with a fine tooth comb. There are a number of reasons for this. They are looking at the legal...
View ArticleChoosing The Right Bankruptcy Option
For most struggling debtors, there are two bankruptcy options to select from. Chapter 7 bankruptcy petitions clear almost all of a debtor’s unsecured debts while a Chapter 13 bankruptcy petition will...
View ArticleCredit Collections – The Good, The Bad, And The Ugly
In some sections of the community, credit collections agencies are a blight on our community. For others, particularly business owners, they are the difference between survival and bankruptcy. It’s...
View ArticleDoes Bankruptcy Provide Any Consumer Protection
Many people have the mistaken view that bankruptcy is designed to squeeze as much as possible from debtors and that creditors have all the rights. That view is far from what is day-to-day fact. Most...
View ArticleHelpful Tips For Avoiding Bankruptcy
Many view bankruptcy as an easy path to debt avoidance. However, if you value your financial reputation, then this process should be at the end of your list of options, not at the top. Bankruptcy can...
View ArticleYou Can Dispute Debts Under Bankruptcy Law
Bankruptcy provides a pathway for debtors to clear their debts and make a fresh start. There are times when a creditor is making claims that a debtor has refuted. These debts must be included in the...
View ArticleUsing A Chapter 13 Cram Down To Reduce Your Debt
A Chapter 13 bankruptcy petition allows a debtor to submit a repayment plan that fully covers all secured loans. The trustee will do everything possible to ensure that the amount you pay each week,...
View ArticleWho Can Force An Involuntary Bankruptcy?
In most cases, debtors petition the court as a means of obtaining relief from burdening debts. In rare cases, creditors can force an individual into bankruptcy. This will most often occur when the...
View ArticleBankruptcy And The 401K Protection Trap
Generally speaking, retirement plans such as 401K are fully protected when it comes to a bankruptcy petition. While many assets can be seized under a Chapter 7 petition, for example, the 401K remains...
View ArticleDealing With A Bankruptcy Adversary Proceeding
In the majority of cases, bankruptcy petitions are handled with only minor issues. These are generally worked through with the trustee, and the bankruptcy petition works its way to a satisfactory...
View Article5 Things You Should Know About Chapter 7
Chapter 7 bankruptcy is the category of bankruptcy that allows debtors to liquify their assets under certain conditions. Here are five essential facts to know before you apply for Chapter 7 bankruptcy....
View ArticleCan Creditors Reject A Repayment Plan?
There are times when people confuse the words “reject” and “object” when it comes to dealings with the bankruptcy court. Under a Chapter 13 bankruptcy petition, the debtor must include a repayment...
View ArticleYou Can Avoid The Chapter 7 Bankruptcy Means Test
If you are going to file for bankruptcy, then in most situations you are going to have to pass a means test to see whether or not you qualify for a Chapter 7 petition. The means test is based on the...
View ArticleDeficiency Judgments And Bankruptcy Law
Deficiency judgments are relatively rare these days, but they do occur from time to time, and they do leave debtors in a great deal of distress and financial hardship. One reason for claiming a...
View ArticleBankruptcy Lawyers Do More Than Handle Bankruptcies
A lawyer is a lawyer and it could be argued they are prepared to handle any case if there is a dollar in it for themselves. In practice, lawyers prefer to specialize in areas where they feel the most...
View ArticleCourt Ordered Liens And The Role Of Bankruptcy
Filing a petition for bankruptcy will help debtors clear unsecured debts from their life, allowing them to make a fresh start. Court-ordered liens are generally orders that relate to secured debts, not...
View ArticleAvoiding Perjury In Bankruptcy
Bankruptcy is a legal process that is undertaken through the court system. Every document that is submitted as part of the bankruptcy process requires your signature – and that signature is...
View Article
