Trustee’s Meeting With Debtor Once your bankruptcy case is filed, the clerk of the United States Bankruptcy Court will send a notice of your upcoming 341 meeting of creditors. The notice will be sent to all creditors, the debtor and the debtor’s attorney. This meeting of creditors is an opportunity for the panel trustee to […]
Author Archives: David M. Siegel
Powerful Collection Tool A very powerful collection tool is for a creditor to freeze a debtor’s bank account. Most large creditor law firms and other collection lawyers have the ability to find out where you work and where you bank. Once a creditor has obtained a judgment and has knowledge as to where you bank, […]
Credit Score Concerns Everybody is concerned with their credit score these days. Everybody wants to rebound as quickly as possible after a bankruptcy case. A better credit score will indicate that you are a better risk for future credit opportunities. The interest rate that you can garner will be better if your score is better […]
Foreclosure I think it’s safe to say that the peak of the foreclosure crisis is behind us. Many people have already lost their homes, sold their homes, walked away from their homes or reorganized their debt through chapter 13 bankruptcy. Others have received modification offers from lenders, offers for deeds in lieu of foreclosure, relocation […]
Most bankruptcy attorneys utilize an intake questionnaire to gather information about the potential client. This information is critically important to determine whether or not chapter 7 or chapter 13 would apply. It is also important to know what type of assets are involved, what type of debts are involved, and importantly, the income and expense […]
Major Events It takes a lot for some people to take action. It takes a major event sometimes before someone will pick up the phone and seek help. Sometimes it’s in the form of a lawsuit served by a Sheriff to the front door. Other times, it’s a notice from the Secretary of State that […]
There is no bigger shopping season than the time between Thanksgiving and New Year’s Eve. The Main Street marketing firms are getting you to purchase as early as Thanksgiving, all the way through Christmas and even after Christmas until the first of the year. Many Americans make those purchases on credit. Usually the first credit […]
Setting Up The Bankruptcy File Correctly To conduct a successful bankruptcy case, you have to have your file set up correctly from the outset. I’m talking about having every detail covered so that you don’t fall into any of the open man holes and potholes that lie ahead of you. Of course there is the […]
Are you still one of the many people who have this notion that filing for bankruptcy will bring the end of the world for you? Do you consider it a total failure? Are you afraid that friends, family and co-workers will find out about your filing? Are you worried about being able to buy a […]
The total number of bankruptcy filings dropped 14% from January to January of the prior year. In fact, the year over year filing totals have been declining for over four years, specifically for 50 consecutive months. You would think that by four years of decreased filings that things in the United States would be great. […]