Bankruptcy Blog Archives

I meet a lot of good people that go through bankruptcy, many of whom do so as a last resort. Most do not realize how many others have been in their shoes- people they would never suspect. The main reasons why people go through bankruptcy are: divorce, a lost job or medical problems. You can [...]

Recently, many Chapter 13 Debtors have found themselves in a position to convert their case to Chapter 7 due to loss of income or the surrendering of secured property. This temporary loss of income is a window of opportunity for a Chapter 13 case to convert as they would not qualify otherwise. Many debtors have [...]

Today I am trying to clean up miscellaneous issues, such as getting a foreclosure stopped and a termination of the Automatic Stay vacated. In addition, I am looking into the possibility of converting a Chapter 13 Debtor’s case to Chapter 7 due to the impending retirement of his wife. If she retires early, at age [...]

Recently I met with a potential client who was somewhat distressed about her financial situation. Like most clients she had an idea of what Bankruptcy was about, but possessed limited knowledge of how it related to her case. Her concern involved unsecured debt, mainly credit cards. As a full-time student, she used certain credit cards [...]

Quite a few people seek help from a Chapter 13 Bankruptcy (Reorganization of debt) to manage their debts, protect a car from repossession, or some times to protect their homes from a pending foreclosure sale. I have found that people who typically file a Chapter 13 case to protect their home find themselves in a [...]

Many people file bankruptcy to prevent their house from being foreclosed. They file in order to get back on their feet and try to make things right. In a Chapter 13 you are able to reorganize your debt and make payments to get you caught back up with the mortgage company by the time you [...]

Today was a great experience dealing with a person from opposing counsel who represents mortgage companies. I handle about 5-10 notices of defaults a week. Today really got to me. I email the opposing counsel to let her know the information and provide proof of payment for one of the payments that was sent in. [...]

Today is Thursday, January 18, 2007 and back to work today after our winter weather blast. I anticipate that I will be extremely busy today playing catch up. Chapter 13 plan modifications will be my priority today. As to be expected around the holidays many Debtors allow mortgage, auto and trustee payments to become delinquent, [...]

Today is Thursday, January 18, 2007. The office was closed yesterday due to inclement weather so I expect today will be extremely busy. I work in a large consumer Bankruptcy Law Firm . It is usually busy but today it will probably be more so than usual. I am going to listen to my messages [...]