Bankruptcy Blog

There are some occasions when Debtors need to have a telephonic hearing. When you file for bankruptcy, it doesn’t matter which one, a Chapter 7 or a Chapter 13, you have one mandatory meeting that you have to attend. The meeting is about 30-45 days from the date of filing, so anything can [...]

A chapter 7 is the fastest and easiest way to discharge unsecured debts. The unsecured debts are credit cards, medical bills, broken apartment leases, Broken cell phone contracts, gym memberships not wanted, cars that have been reposed, Homes that have been foreclosed on, some IRS debts, failed business debts, and about any other kind [...]

When you file a Chapter 7 case, you have a trustee that oversees the case, which is just another attorney. You also have a US trustee that oversees all the Chapter 7 cases that are filed. They ensure that no one is abusing the system and making sure that the people who are [...]

It is very important that you list all of your creditors when you file for a bankruptcy. When you file for a Chapter 13 bankruptcy, you have to make sure that you have all of your creditors listed. If you neglect to list all of your creditors, then you will have problems when [...]

I had a debtor the other day that has paid her attorney fees in full, but wanted to wait to file. The reason why she wanted to wait to file was so she could pay an unsecured credit card off. I tried to convince her that even though you pay it off, they [...]

There are two different bankruptcy for most of us to chose from. It depends on what has happened in our financial life, to help deiced which will help the most. If there is a total loss of income and can not afford to even make the car or house payments, Or you are making just [...]

A bankruptcy is the best way to discharge unsecured debts. With credit card counseling agencies they can not guarantee the results. The credit cards do not have to accept any reduction in interest or amount. They will take your money but still charge you late fees or over the limit fees. This could result in [...]

A Debtor came to our office today to discuss his bankruptcy options. He has previously filed a Chapter 7 in 2003. He filed that bankruptcy in an attempt to discharge a debt he owed his ex-wife. When they got divorced, he agreed to pay her alimony for 10 years. He then [...]

A plan modification can be filed in your Chapter 13 case to resolve many issues regarding plan payment arrears to trustee, change of treatment to creditor or providing for more debt. However, some debtors will use the option of plan modification to not make timely plan payments to the trustee and wait for a “Notice [...]

If you have a significant loss of income due to termination of employment or short term disability from employer then your attorney should be able to file a plan modification in attempt to temporarily reduce your monthly payment. Your Chapter 13 plan must be reviewed and the reduced monthly payment can not be less than [...]