If you are planning to file for bankruptcy protection, you may be worried about what will happen to your home. Bankruptcy law provides a debtor with numerous exemptions which safeguard assets from being included in the bankruptcy estate. Additionally, many debtors do not realize that their real estate can be positively affected by your filing....Read More
When you are facing financial struggles, it is natural to want to save money in any way you can. As a result, many people consider representing themselves in a personal bankruptcy filing. However, this can be a daunting task for somebody who does not know the law or courtroom procedure. The other options are to...Read More
You may have heard that there is a lot of paperwork that is required to file for bankruptcy protection. The court requires all debtors to make complete financial disclosures in their pleadings. This means you must list all of your assets, debts, income and expenses. Your bankruptcy attorney at Faro & Crowder, PA, will assist...Read More
You might be surprised to learn that attorneys are using social media to gather evidence for lawsuits. Facebook, Twitter, Instagram and numerous other websites provide a wealth of information about people. It is important to remember that what you post on social forums can be used against you by creditors and/or the trustee in your...Read More
If you are considering filing a Chapter 7 or Chapter 13 bankruptcy, it is important to understand how your debt will be treated in your case. Bankruptcy law provides certain classifications for the different types of debt, and each class of debt is required to be treated similarly. Below is a summary of each type...Read More
Discharging student loans in a personal bankruptcy case can be difficult. The debtor must establish an “undue hardship,” which is a tough standard to meet. If you are unable to show an undue hardship, what happens to your student loans in your bankruptcy case? The answer depends on your finances, the type of bankruptcy you filed and...Read More
You are probably aware that a Chapter 7 or Chapter 13 bankruptcy can provide you debt relief, but do you know when you should file your case? There is no magic trick for finding the perfect time to file your case, but there are certain instances where you should consider meeting with an attorney. When Is...Read More
If you are thinking about filing a Chapter 7 or Chapter 13, you may be wondering who will find out about your filing. While a bankruptcy case is a matter of public record, the reality is that most people will never know you filed a bankruptcy unless you tell them. Your filing is not published in...Read More
Pursuant to 11 U.S.C. §341, whether you file a Chapter 7, 11 or 13 bankruptcy case, you are required to attend a meeting of creditors. The meeting of creditors is a time for the trustee and your creditors to ask you questions regarding your finances. It is also commonly called the “341 meeting” and it is...Read More
If you are struggling financially and considering filing for bankruptcy protection, you may be trying to decide if you really need an attorney. What is “pro se” filing? Many people assume they will save a significant amount of money if they do not use a lawyer to represent them in their bankruptcy case. This is...Read More
