Bankruptcy Blog

Many people start a bankruptcy with a spouse. This of course is a joint filing, but you find that throughout the process you find that you both can’t live with each other any longer. You file for divorce and find that it is way more complicated than you think. You have been […]

A chapter 13 is used to stop the foreclosure sale of your home. For what ver reason you have fallen behind in the mortgage payments and you and the mortgage company can not come to a payment plan that you can afford. most mortgage company want their money over the next 6 months to […]

If you receive any assets or monetary funds from an inheritance settlement then you must contact your attorney immediately. You can not sell or trade any assets inherited with out first notifying the Chapter 13 Trustee about the ownership of real or personal property.
If you receive a check for an inheritance then you can’t […]

One of the benefits to filing a bankruptcy is to stop creditors from trying to collect on pre-petition debt, which is any debt that was incurred prior to filing the bankruptcy. One of the common pre-petition debts that causes confusion for both Debtors and Creditors is property taxes. If property taxes are not […]

A divorce is the number one reason people file a bankruptcy. Money is usually a factor in the divorce in the first place, but then add on to the situation another home and expenses.
Our credit is very fragile in the first place, but now add on slow payments or even no payments. Choices have […]

A bankruptcy can help you with IRS debts, but there are rules to go with that. Most important thing with the IRS you must have filed your taxes. If you did not file the IRS has more to say in what can happen in your bankruptcy.
A chapter 13 bankruptcy will stop all interest and penalties […]

After being in Chapter 13 Bankruptcy for 36 to 60 months, it is understandable that the debtor will be very anxious to receive their discharge after making their final payment to the Chapter 13 Trustee.
After the final payment on bankruptcy is posted then the Trustee must make a final disbursement of funds. This happens about […]

There are different hearings that must be attended by the Debtor’s attorney when a Chapter 13 is filed. One of the first hearings that must be attending is the 341 hearing of meeting of Creditors. The hearing is conducted at the Chapter 13 Trustee’s office and is usually an all day process for […]

Once a bankruptcy is filed and all the Creditors are notified all the collection calls should stop. If a Creditor continues to call or send collection letters to a Debtor who is in a bankruptcy, they are in violation of Federal Bankruptcy Laws.
I have a Debtor who filed bankruptcy and listed a Creditor on […]

They are a family of four, two daughters involved in school activities, and one of them with braces. They have a house and two cars with car payment and like most of us credit card debts total about 45,ooo. They have never missed a payment on anything. Several years ago the moms grandmother left […]