Bankruptcy Blog Archives

Medical problems happen to everyone; the real problem though is the timing. If an unexpected medical disaster happens and you can not afford the financial burden, more times than not, bankruptcy is the only way. For an example, take someone managing their finances for the most part with little to no extra money. One day, [...]

Researching bankruptcy online may seem arbitrary or strange, but in reality, doing research online first can be an enormous help. Finding out how you can get the help you need is as easy as filling out a free consultation form. As soon as possible, an attorney in your area will contact you and provide a [...]

Life after bankruptcy does not have to be tough. Bankruptcy should not hinder your ability to live a full, supple life. Instead of focusing on the negative aspects of the whole ordeal, focus on the positive aspects; an easier way of managing your finances. Buying a home, buying a car, or financing numerous other items [...]

This is an example of how much a chapter 13 bankruptcy can help. this young couple had bought a home little over a year ago, it ended up being a higher payment than they thought. the property taxes were not included in the payment. After the summer the husband lost all over time pay so [...]

While in Chapter 13 case many debtor will have pre-approved financing for home or auto and need approval very quickly from the courts to incur debt. An expedited hearing should only be requested if you are homeless, home is being foreclosed on, auto has been repossessed or totaled in accident. A motion to incur in [...]

A bankruptcy discharge is a good thing. It means what ever debts you owe for before you file now you don,t. With that discharge now you can start rebuilding your credit, no you don’t need to wait ten years. Creditor will be sending you offers within six months now that doesn’t mean that they will [...]

Many people understand that they have filed bankruptcy, but don’t fully understand what the stay that is put into place means. When you file a bankruptcy, either chapter 7 or chapter 13, there is an automatic stay that is placed on you and all of your creditors. What this means is that the creditor can [...]

If you decide to sell your rental property while in Chapter 13 bankruptcy then a Motion to Sell Real Property is required. A copy of the Buyer/Seller contract must be filed with the motion. The Chapter 13 Trustee will review the contract and responded accordingly. If you have equity in your rental property and stand [...]

If a settelment is recieved while debtor is still in active Chapter 13 Case then case needs to be reviewed again for any exemptions. For example, if you are offered settlement of $25,000 and you had $12,000 in unsecured claims filed then you may be required to pay the $12,000 to the Chapter 13 Trustee [...]

If you owe back child support and need to file a chapter 13 bankruptcy the amount you are behind has to be put in the plan. I had a gentlemen the other day his home that was given to him by mom had not paid property taxes for several years. Well he is up for [...]