Bankruptcy Blog

When your Chapter 7 bankruptcy case is filed your petition has statement of intentions that list your intention for your secured creditor. This information will be reviewed by the creditor and if you wish to reaffirm the secured debt then the creditor should prepared and sent Reaffirmation Agreement to your attorney’s office. Your attorney will [...]

It is that time of the month for foreclosure sales. A foreclosure sale means a person has fallen behind on their mortgage payments and the mortgage company is trying to take the home back or sell to the highest bider. By this point all work out plans have fail to work for one party [...]

Varieties of people come in to our office and are scared about the situation that they are in. They are about to lose their car or their house. They don’t know what to do, they come to our office and explain to them that they have a solution and it is to file [...]

I hear ever one say ” filling a bankruptcy will ruin your credit!” Yes filling a bankruptcy is a negative thing to do. The reason your considering the bankruptcy is because something has already gone wrong. Meaning you lost your job or some other reason your income has changed and you can’t pay the bills [...]

If you have an outstanding payday loan that you incurred within 90 days of filing bankruptcy then you will be responsible for paying this debt if the creditor files motion to deny discharge or Adversary. The payday loan service usually holds a post dated check that they may attempt to process through your checking [...]

If you Divorce while in active Chapter 13 case then you may decide not to remain in current bankruptcy case with spouse. You can sever your final financial ties after divorce by filing a Motion to Sever Chapter 13 bankruptcy case.
It is best if both parties are in agreement for one debtor remain in current [...]

If you have a checking account when filing bankruptcy then financial institution may decide to suspend your privileges and close your account. This most commonly happens if you have an unsecured loan being discharged in case.
When you meet with your attorney before filing, they may advise you to close your checking account. Your bank may [...]

It is common for married couples to file jointly since both spouses are responsible for the debt. In most cases, there is no problems, and is usually recommended, that both spouses file jointly. However, the problem arises when the couple decided to separate or divorce and is in an active Chapter 13 bankruptcy.
Usually [...]

By filing a chapter 7 or 13 bankruptcy It will stop the garnishment of your wages. If the IRS is the one doing the garnishment, It might be best to file a chapter 13 this will stop all interest and penalties on the debt and in most cases discharge any of the debts that are [...]

Many people who decide that they want to go through with a bankruptcy are very scared and are unsure of what is going on. They come to your office to seek counsel to help them understand the laws better and help them understand that they are making the right decision. Letting them know [...]