Bankruptcy Blog

There are so many things that are going through your mind as a debtor when you decide to file for bankruptcy. Keep in mind to slow down and ask questions. It doesn’t matter if you are filing a chapter 7 or a chapter 13 case, it is very important to understand every detail […]

A popular question that has arose from two Chapter 13 clients was “What if I win the lottery or come in to some money while I am in bankruptcy”. I thought it was interesting that in one day I had the same question come up. I explained to them that any money that […]

If you have fallen behind on your car and the lender is planning on repossessing the car. A chapter 13 is the easiest way to stop them and to lower your monthly payments. The plan can run up to five years which means taking your balance and spreading it out over a new five years. […]

Yes, a new chapter 13 bankruptcy case can be filed if your previous case was dismissed. You will be required to attend an additional hearing, before the judge, to request protection of the automatic stay for the duration of your bankruptcy. You can not file more than 3 bankruptcy cases in a 12 month period. […]

After your Chapter 13 case has been dismissed then you may decide to surrender secured property, such as home or vehicle, to allow your case to be reinstated and convert to Chapter 7 bankruptcy. Updated pay stubs and expense information must be provided to determine if you qualify to convert to Chapter 7 bankruptcy.
Your […]

It is important that you discuss your current financial situation with your attorney to determine your best options. A good place to begin is explanation of the financial hardship that may have caused your case to get dismissed.
Many factors will play a role in determining your best option. If you have been in your […]

A Chapter 13 bankruptcy is a long process from 36 to 60 months in duration. You, the client, will likely move or have changed your contact information however it is essential that provide your Attorney with current address and contact phone numbers.
Failure to communicate with your attorney’s office is one of the primary reasons […]

I filed a Chapter 13 bankruptcy for a Debtor who had two previous bankruptcies in the last year; therefore, I had to file a Motion to Invoke the Automatic Stay. The filing of the bankruptcy does not automatically afford him the protection of the automatic stay. Since he has had two previous cases […]

Sometimes I just don’t understand how people get loans for homes that they just can’t afford. I have a client who makes about $70K-$72K a year. He makes plenty of money to pay all his bills, if his bills were reasonable. His mortgage payment alone is $3500, which doesn’t include taxes or […]

Winning the lotto — I have to say that would be the best way to take care of bills you can’t pay and even if you never paid the debts who would care about your credit. You have money now, you can pay cash for that car house or just about anything else you […]