Bankruptcy Blog Archives

This personal bankruptcy story was posted on the internet in July of 2010 as a comment in a discussion on bankruptcy: “The reason I choose chapter 13 is because I was told by my attorney that after 3 years I would be able to walk away from my secured (2nd) and unsecured debt. I took [...]

A recent press release issued by RealtyTrac, a national database for foreclosed properties, said recently that if foreclosure filings continue on their current pace, one million homeowners will lose their homes in 2008, up from 400,000 in 2007. Recent economic news leaves little doubt that more foreclosures are likely this year. Trouble in the credit [...]

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 [...]

Once your bankruptcy case is filed then all the creditors listed will be notified of the bankruptcy notice via 1st class mail. You should allow about 7-10 days for the collection calls to cease completely. When you receive the creditor call then you should provide them with the phone number for creditors provided by your [...]

If you decide to surrender a vehicle or home after filing your Chapter 7 case then you need to provide signed statement of surrender to your attorneys office. This must be done before your discharge is issued so this secured debt can be discharged in your Chapter 7 and not reaffirmed. Your attorney will file [...]

One of my clients is having a difficult time because he and his wife recently both lost their jobs. He has found new employment, but had to take a pay cut and his wife is still looking for a job. She has only been unemployed for about 2 weeks. When they filed bankruptcy they were [...]

When in active Chapter 13 bankruptcy, you must complete the plan base by making timely payments to the Chapter 13 Trustee for the term of your bankruptcy. If you fail to maintain timely payments to the Chapter 13 Trustee then your case may be in jeopardy of dismissal. If your case is dismissed prior to [...]

It is a difficult decision to make when it comes to your property and whether or not you want or need to keep your real property. You find that after filing for bankruptcy, you still can’t afford the items you want to keep, but you don’t want to let them go. The attorney’s office can [...]

During a Chapter 13 bankruptcy many things can come up that the attorney needs to be able to notify the Debtor to see how they want the issue resolved. It is very important that the Attorney’s office has a good contact number and address to be able to get in touch with a Debtor to [...]

The filing of a bankruptcy doesn’t mean you will lose your home or car. These are what is consider secured debts. It is your choice whether you want to keep them or not, but you have to keep paying for them and have to be able to afford them. If your house or car is [...]