Bankruptcy Blog

No one wants to file bankruptcy. They are afraid after filing they will lose their car and house or never be able to buy a car or house again. Some people think that even with a chapter 7 bankruptcy you have to still pay some of the credit cards back. Some people think because you [...]

I recently had one debtor that was terrified about losing her house when she filed for her Chapter 7 bankruptcy. I explained to her that when she files for a Chapter 7 bankruptcy, her house is fully protected, whether we use the state exemptions or the federal exemptions. The difference between the two [...]

A Chapter 13 Bankruptcy is usually filed by people that have fallen behind on their house or car, They make to much money to qualify for a chapter 7, or have assets that are an issue.
Once you fall so far behind on the house the mortgage company will try and work something out with you [...]

You have so many things that are going on in your life, you don’t mean to wait till the last minute to take care of business, but today you have. There are so many people who are being foreclosed on that waiting until the very last minute to file for chapter 13 bankruptcy. [...]

After the laws changed back in 2005, it required Debtors who were filing for bankruptcy to provide their last 6 months pay stubs to conduct a means test. For Chapter 7 bankruptcy, the means test is conducted to ensure that no one is abusing the system and qualifying to file a Chapter 7 bankruptcy [...]

First of all never say never about the need to file a bankruptcy. The second is “I will never file again.”
People file a bankruptcy because of a change in income. Divorce is a major reason to file. One spouse will not pay what they are suppose too and so the creditors will come after the [...]

Many people feel that they should or need to pay a particular credit card off prior to filing for bankruptcy, whether it is a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. People feel that they should pay off their lowest credit card in order to keep it. In doing so they feel [...]

A family came in the other day with no hope of saving their way of life as it was. He having been on his job for the last fifteen years making enough for their family to live comfortably. They had a house and two cars one paid for the other about three years to go. [...]

Navigating bankruptcy can be difficult and confusing for people not familiar with the process. When people decide to file bankruptcy they often need a bankruptcy attorney to help them through. One of the most confusing aspects can be all of the different types of hearings that take place in a bankruptcy case.
Some bankruptcy [...]

All bankruptcy cases are started by the filing of a bankruptcy petition. Regardless of whether the case being filed is a Chapter 13 or a Chapter 7 it will start with the filing of a bankruptcy petition. Along with the bankruptcy petition the bankruptcy schedules must be filed as well. These “schedules” [...]