Bankruptcy Blog

The filing of a bankruptcy does not mean you will lose all your property. Starting with cars and houses that have a lien. If you want to keep them , you can as long as you continue to make the normal payments. You will usually reaffirm the debt which means agree to continue make all […]

You may have the option to convert your bankruptcy case from Chapter 13 to Chapter 7 if you have decided to your home or vehicle. You will need to provide copy of pay stubs for the last 6 months and updated monthly household expenses for your attorney to review.
Not all debtors qualify to convert […]

One of the main reasons people have to file a Chapter 7 or Chapter 13 Bankruptcy is because of a divorce. Many times with divorce also comes the additional expense of child support. Filing bankruptcy will not help get you out of having to pay your child support or to help lower your […]

Having good credit is very important in our lives. It allows us to be able to buy the cars and houses that we want and be able to buy some of the finer things that we think we need.
Credit problems start with a change in our income. The debts start piling up and there […]

In a Chapter 13 bankruptcy, the person that files bankruptcy probably will have individuals or entities try to lift the automatic stay. The bankruptcy stay must be lifted in a variety of situations so that a particular bankruptcy action may be taken. A few of the situations that require such action are foreclosures, […]

A chapter 13 bankruptcy is used most of the time to save your home from a foreclosure sale. The foreclosure sale is happening because you have fallen several house payments behind and you and the mortgage company can’t agree on a payback plan. The chapter 13 will allow you up to five years to pay […]

A recent question arose the other day by a client that is in a Chapter 13 bankruptcy. The debtor was trying to find out if he could do a quick claim on his house with his dad’s name on it to help save him some money. While you are in a Chapter 13 […]

Our office recently had a Debtor come in wanting to file a Chapter 13 on the IRS debt that he has. The year the tax return was supposed to be filed was in 2000. He didn’t file the return until 2005. The way that the law reads is that the debt is […]

Many Debtors decide to file a Chapter 13 Bankruptcy because they owe IRS debt. Some know exactly how much they owe because they have filed all their tax returns and have just been unable to pay the IRS the money due. Others know they owe the IRS, but are unsure of how much […]

Understandably you may have an unexpected expense while in bankruptcy that can cause you to become delinquent on secured debts such as mortgage, auto or trustee plan payments. If this happens then you may have options available to assist you in a quick recovery of your sudden financial strain.
If you are not already under […]