This video talks about the percentage that is paid back to creditors in a Chapter 13 bankruptcy case. It will vary depending upon the assets, liabilities, income and expenses of a debtor. Each case is particular to the facts of that case. Jesse Barrientes: What kind of percentage do you pay back in a Chapter […]
Yearly Archives: 2014
The video below talks about the automatic stay in a Chapter 13 bankruptcy case. This is basically the protection from creditors that the filer is seeking. What is the Chapter – rather what is the automatic stay and is applicable in a Chapter 13? I know we talked of one of our other shows with […]
This video discusses the pre-filing requirements for someone looking to file Chapter 13 bankruptcy. They are similar, but not exactly the same as the requirements for filing Chapter 7 bankruptcy. What are the prefiling requirements for Chapter 13? David Siegel: Well, the first thing you have to do for Chapter 13, you have to provide […]
This video talks about under what circumstances someone would want to file for Chapter 13 bankruptcy. Each case is different and each case needs the be evaluated to ensure that filing is going to accomplish the requested goal of financial relief. David Siegel: When would somebody want to file a Chapter 13? Jesse Barrientes: Well, […]
The video below describes how Chapter 13 works. This is just the starting point to what Chapter 13 can accomplish for those with financial issues. David Siegel: Okay, so what happens in a Chapter 13? How does it work? Jesse Barrientes: Well, in a Chapter 13, what happens is all of your assets kind of […]
The transcription below is from the Chapter 13 video explanation the general nature of what Chapter 13 bankruptcy is all about. David Siegel: You know, whether things are rolling in this country or whether they’re going downhill, there’s always a need for the Chapter 13, the reorganization, to find a way to pay back and […]
The first important decision when filing bankruptcy is should I file? Most clients struggle with whether or not to file for bankruptcy. Even if the person has significant outstanding debt, there is still often a question as to whether or not filing bankruptcy is the right solution. People worry about their credit scores. People worry […]
Current Chapter 13 Bankruptcy Client I have a client that is currently in a chapter 13 bankruptcy case, but is struggling to make her plan payments. The trustee has filed a motion to dismiss the case for failure to make timely payments. My client is approximately $1500 behind even though her trustee payments are being […]
This post is specifically directed to consumer bankruptcy attorneys located in the Chicago area. The American bankruptcy Institute is holding their seventh annual Chicago consumer bankruptcy conference to be held on November 11, 2014. The conference will take place at the University of Chicago Gleacher center. The conference will focus on current issues affecting debtors […]
Chicago Bankruptcy Lawyers Chicago bankruptcy lawyers want to have their clients’ bankruptcy cases be determined to be no asset cases by the panel trustees. This rather simple expression means that the debtor is not going to lose any property while going through the bankruptcy process. As a bankruptcy lawyer, my goal is to get a […]