Bankruptcy Blog Archives

The last few days I have had several people re-file bankruptcy, either to save their home or to seek relief from mounting credit card debt. One such client must file a Chapter 13 bankruptcy, because his home is up for foreclosure. Another client is in a tough spot as well, because he recently took a [...]

When you file a bankruptcy, you have to include all of your creditors that you owe money to. You do not get to choose which ones you get to keep or which ones you are going to file bankruptcy on. Any creditor that you owe money to has to be listed. That even means that [...]

Bankruptcy services provided by a certified bankruptcy attorney can be invaluable. A good bankruptcy attorney is the best thing you can have if you plan on filing for a chapter 7 or chapter 13 bankruptcy case. From assisting you with multiple legal forms to organizing all aspects of the case, a good attorney will be [...]

Why should you file bankruptcy with a lawyer? First reason is, a bankruptcy lawyer does bankruptcy, namely chapter 13 and chapter 7 cases, for a living, you do not. Secondly, a bankruptcy lawyer will be able to do tasks much faster and more efficient than yourself. If you desire the least stress possible in a [...]

The two main types of bankruptcy are chapter 7 bankruptcy, or chapter 7, and chapter 13 bankruptcy, or just chapter 13. These two types vary greatly when it comes down to asset liquidation and the actual payment function. Whichever case fits you best is most likely determined by the attorney. Knowing the ins and outs [...]

A common question to ask when filing for bankruptcy is, “How much does it cost to file bankruptcy?” The answer is fairly simple; it all depends. Many factors go into determining how much a bankruptcy “costs.” The best course of action would be to avoid bankruptcy but if that is not possible, bankruptcyhome.com can provide [...]

What is a Chapter 13 Plan Modification? When a debtor is in Chapter 13 Plan and changes need to be made to plan requires a plan modification. In many cases, a Chapter 13 plan modification is required when a debtor has become delinquent on mortgage loan and an agreed order is signed to place arrearage [...]

There are many difference processes involved in a Chapter 13 bankruptcy. The newest one is what is commonly called TRCC (Trustee Recommendation Concerning Claims). It is a process that occurs about 6-9 months after confirmation. Since it is still fairly new, there are questions and procedures still be working out by the Trustee’s office and [...]

I had someone come in yesterday that does not need a bankruptcy at this time but yes thing can and will change. He is going through a divorce so every thing is up in the air. He has about thirty thousand equity in his home, one airplane worth eighty-thousand one he has a balance of [...]

In a chapter 13 bankruptcy, creditors have an opportunity to file proof of claims in your case to let the trustee know what they are entitled to. When the case makes it way to TRCC, trustee’s recommendation concerning claims, this is where we can review the claims that were filed and make sure that they [...]