Bankruptcy Blog Archives

Coming in to file bankruptcy is intimidating enough, you pay this attorney some money to get the process going and he hands you this thick packet to fill out and you wonder what in the world are you going to do. You have this packet to fill out for one and now gather all of [...]

Once a case is filed there is another course that has to be taken for a Debtor to receive their discharge. This course is the Debtor education course and it is required for every Debtor that files, whether it is a Chapter 7 or a Chapter 13. For a chapter 7 it is required to [...]

I had a client the other day that is nervous about re-filing her case. She had to re-file because her cars were in danger of being picked up. She was in a previous bankruptcy with a spouse and they decided to get a divorce. He wasn’t willing to pay his share, so she decided to [...]

A divorce is the number one reason people end up having to file a bankruptcy. Money issues are a reason to file for the divorce well now two separate homes, day care, and all the other things that go with a divorce even make things worse. The divorce degree will not stop a creditor from [...]

This young lady that came into the office has all the reasons to file a bankruptcy. She just finished receiving her divorce. In her name and the ex-husbands name are credit cards, a car that already has been reposed, and the house that is several payments behind. The ex is not making any payment on [...]

A chapter 7 bankruptcy is used to discharging unsecured debts. The unsecured debts are usually credit cards and medical bills. In some cases the car and house become unsecured debts because your income has changed so much you can’t afford to continue making the payments. In the bankruptcy you surrender them back to the bank [...]

When you decide to file for a conversion from a chapter 13 to a chapter 7 there is a process that has to be taken. First there are attorney fees that you have to come up with to get it converted that will cover the costs of getting the paperwork done. Once you pay the [...]

Bankruptcy is a nerve racking process to begin with and when you tell people that they have to go to a court hearing, they tend to freak out and not know what to do. When you explain to them that there is nothing to worry about and it is simply them asking you questions about [...]

Termination of automatic stay means that the “stay” in place to protect you and your property has been terminated for a particular creditor and the collateral secured to the creditor. Whether it be a home mortgage or an auto creditor, immediate action must be taken by the debtor in bankruptcy. The first option, after the [...]

During the course of your bankruptcy, you may have fallen delinquent on your mortgage payments. At this time the mortgage co. would have filed a Motion for relief from the automatic stay. Most of the motions are resolved by entering into an agreed order to place the arrears, late fees & attorney fees in your [...]