Bankruptcy Blog

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 [...]

A chapter 7 is the easy way to discharge all unsecured debts. Examples of unsecured debts are credit cards, medical bills, broken apartment leases, cars that have been reposed, houses that have been foreclosed on, old bank accounts that were closed by the bank because of over draft charges, some bad business dealings, some IRS [...]

People go through changes in life that they have no control over. They lose a job, go through a divorce, or become ill. These are just a few of the many reasons why people file bankruptcy. If you are thinking that you can stay above water and finally realize you can no [...]

Well as you can see from the title any information is better than no information. We always ask that our client s still attend their regular appointments whether or not they have all the information. If for some reason the thought of “maybe they will need this” comes across the mind then, sure [...]

TO those of us that use banks they are a great convinces. They hold our money till we need it and allow us ways to pay our bills without having to pay cash for every thing. We write checks or can use our debit card on even go online and pay the bills as they [...]

If you have unpaid taxes from prior taxes years owed to the Internal Revenue Service then the I.R.S. can filed lien against your personal property and wages. By filing a Chapter 13 bankruptcy case then a wage levy be the I.R.S. can be ceased and the amount due can be paid in your plan. Some [...]

We have discussed the 341 meeting also known as that meeting of the creditors. It is very important that you attend this hearing. The reason why I bring this matter up is, sometime people don’t understand the repercussions of not attending.
In a chapter 13 bankruptcy, you have to go to an all day [...]

I had a client in my office today that is going to be filing a Chapter 7 bankruptcy. As she looked over all her creditors she realized there were some credit cards that she wanted to keep out of the bankruptcy so she could continue to use them. Two of the credit cards [...]

Credit cards are a wonderful thing. You can charge something to day and pay it off in 20 or so days and it not cost you anything. I really think that was the original way people used them. On a special occasion you might need to carry a small balance and pay it off over [...]