Bankruptcy Blog

The number reason people file a chapter 13 bankruptcy is to stop the mortgage company from foreclosing on their home. Each state has a different day of the month in which they do the sale. With the chapter 13 they will be putting what they are behind on the mortgage along with any credit card [...]

After receiving discharge from bankruptcy it is important to request credit report from all 3 credit reporting agencies. Within 30-60 days after bankruptcy discharge all your creditors should have your unsecured and surrendered secured debts listed as discharged. File a formal dispute with the credit reporting agency by provided copy of your discharge order to [...]

First you may want to know what a SMO is. A SMO is something that the bankruptcy courts had under the old law that prevented people from refiling for 180 days if their case was dismissed. People who generally are under a SMO are people who are on their third bankruptcy.
Did you know [...]

Many debtors call our office and feel as if filing Chapter 13 bankruptcy is causing more financial difficulty than before filing. This usually stems from having high amount of mortgage arrears and high valued vehicle being paid in the plan. Debtors will call and want to have their Chapter 13 plan payment reduced. Our office [...]

If a debtor is in Chapter 13 bankruptcy and has surrendered property that was being paid in the plan then they may want to convert case to Chapter 7 bankruptcy. Some debtor’s will be currently unemployed and want to convert with the belief they should qualify to convert. The income over the most recent [...]

A bankruptcy will discharge most unsecured debts, examples of these are credit cards, medical bills, cars that have been repossessed, old checking accounts, and other things that there is not secured idem tied to the debt.
The list of non- discharge able is not that big but debts for these debts might be big ones. Student [...]

A bankruptcy is needed when there is a change in income, making it were you can not make the payments on the debts you have. Most of the time it happens to people that have had good credit all their lives. But sometimes the bankruptcy could have been avoided with some form of financial [...]

Re: CASE NUMBER - RESPONSE REQUIRED!
Dear:
CREDITOR has advised our office of their filing of a Motion for Relief from Stay in order to begin foreclosure proceedings on your home. CREDITOR} states that you are past due for the months of ____________ in regular payments plus late fees, attorney fees and costs. A hearing [...]

You recently received a letter from us regarding your alleged delinquency with [Creditor|Name]. Please be advised that we cannot act on your behalf in this matter without hearing from you first. It is usually possible, approximately 98% of the time, to work out an agreement with the Creditor to help you get caught up [...]

I find it amazing that debtors feel the need to question my answer to them. I had a debtor today that has a confirmation hearing on his Chapter 13 plan. He wanted to verify dates of confirmation hearing and I gave him the dates. I told him that he didn’t have to [...]