There are several things that you should not do if you are considering filing for bankruptcy under either Chapter 7 or Chapter 13. One of the things that people do which is a prohibited act is repaying a family member or a friend within a year of filing for bankruptcy. This is known as a […]
Chapter 13 bankruptcy can help you in a ton of ways if you are struggling financially. The first way that Chapter 13 can help you is to save your house. If you have fallen behind on your mortgage payments because of the loss of job or illness or just unexpected expenses, you can put what […]
A creditors’ meeting is required under section 341 of the Bankruptcy Code. In simple terms, it is a meeting of the minds between the parties present at the meeting. The parties that will be present at the meeting will be you, the debtor; the debtor’s attorney, and a representative from the trustee’s office. If you […]
There are several things that you should not do if you are considering filing for bankruptcy under either Chapter 7 or Chapter 13. One of the things that people do which is a prohibited act is repaying a family member or a friend within a year of filing for bankruptcy. This is known as a […]
The very first thing you need to do before filing for Chapter13 is to meet with an experienced attorney in your area to talk about your case. Most attorneys will have a bankruptcy questionnaire which you will fill out in advance or at your meeting. The questionnaire is a detailed listing of all of your […]
A Chapter13 bankruptcy can be filed by an individual or a joint case husband and wife. Chapter13 cannot be filed by a corporation. In order to file for Chapter 13, an individual must complete several prefiling requirements. The most important requirement is the taking of a credit counseling session. The credit counseling session is a […]
Chapter 13 bankruptcy is reorganization through a Chapter 13 trustee. The reason why many people will file Chapter 13 is to save a home that has gone into foreclosure. Now, the reason why the home fell into foreclosure could be several; in many cases, someone has lost their job, fallen behind on their bills and […]
You do not have to hire an attorney to file for bankruptcy; however, I would strongly recommend that you do so. You do have the ability to fill out forms online or from an office supply company, go down to the clerk’s office and attempt to handle a Chapter 7 or Chapter 13 bankruptcy case […]
Chapter 13 bankruptcy is one form of bankruptcy under the United States Bankruptcy Code whereby someone reorganizes their debt and pays back either all or a portion of the debt over a 3 to 5 year period. Chapter 13 is most commonly used to save a home that’s in foreclosure. In a Chapter 13, a […]
Typically student loans are going to be non-dischargeable. A non-dischargeable debt is a debt that is not going to be eliminated in a bankruptcy case. Student loans are the type of debt that are typically non-dischargeable except for extreme hardship cases. In my 21 years of practice, I have never had an extreme hardship case […]