Bankruptcy Blog

When a person files a bankruptcy, it stops all other legal actions. This is the main reason why most Debtors file bankruptcy, to stop a foreclosure, to stop a repossession, to stop a wage garnishment, to stop creditors from calling; the list goes on and on. However, it is not always beneficial to [...]

Motions to extend stays are filed in cases when a Debtor has filed a bankruptcy at least one time in the prior year. Under the new bankruptcy laws, the stay will not be put into place unless you have one of these hearings. If your attorney fails to file this motion and have [...]

Filing a bankruptcy does not mean that you have bad credit. You had good credit and then something bad happened a divorce is a real killer and then there is the loss of income from job change or some form of medical event. So now unlike before you can not make the payment on credit [...]

I have a client whose house was about to be foreclosed on, so we did filed an emergency petition. This means we just filed the basic petition and have 15 days from the date of filing to file the rest of the necessary paperwork. A Debtor who files an emergency bankruptcy has 15 [...]

When filing a chapter 7 bankruptcy yes people could lose certain assets. Assets are homes, cars, boats, lake lots, stocks, bonds, cash in the bank, 401 k’s, guns,
clothes, jewelry, and, just about any thing you can own. But filing a bankruptcy does not mean you will lose anything but under certain conditions yes you [...]

People will generally file a Chapter 13 bankruptcy because they have fallen behind on house payments or car payments. It is explained to them in order to be successful in their bankruptcy they will need to be able to make their regular expenses plus the trustee payment.
Yes, bankruptcy can help a person save their [...]

If you have previously discharged Chapter 7 or 13 bankruptcy case then you must wait 8 years before you can receive a discharge in another bankruptcy case.
For exampled, if you received a Chapter 7 discharge on 06/12/1999 then you would not be eligible to receive discharge in another case until 06/12/2007. If you file a [...]

It is the last stop. The ticket out of the whole. A lot of people are too afraid to admit that bankruptcy is an option for a resolution. The embarrassment that some people feel is nothing to be ashamed of. Like other programs the first step is admitting that there is [...]

When a Debtor first files a Chapter 13 bankruptcy, the attorney will give them an amount to be the Trustee payment. However, this amount is based only on the information given by the Debtor. The amount is just a starting point. There is always the possibility that the amount will go up [...]

Everybody who owns a home is responsible for paying property taxes. Property taxing authorities have an automatic lien on your house and must get paid. When a Debtor filed for bankruptcy, if they owe property taxes they will have to be paid through the bankruptcy.
Many people have the property taxes escrowed with their [...]