Hopefully you have read our blog yesterday titled “Facing Foreclosure? Know Your Options.” This part of the blog will examine how filing a personal bankruptcy can affect a foreclosure action. Chapter 7 bankruptcy As soon as you file your Chapter 7 petition, the automatic stay goes into effect. The stay prohibits any further collection activity...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
Amendments to the Bankruptcy Code were made in 2005 and one of the most significant additions to the law was the requirement of a debtor to pass the “means test” to be eligible to file a Chapter 7 bankruptcy. The means test is a calculation used by the bankruptcy courts to verify that a debtor 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
When hard times hit and you are unable to pay your bills, it doesn’t take long for creditors to start pursuing you for payment. After a few demand letters and telephone calls, many creditors file collection lawsuits. We understand that this can feel overwhelming and we want to help. Depending on your individual financial situation,...Read More
If you have filed a personal bankruptcy in the past and you are considering filing another case, it is critical that you obtain the advice and guidance of a seasoned bankruptcy attorney. Consequences for Serial Bankruptcy Filers Serial filers can face severe consequences; including the impact prior bankruptcies have on the automatic stay. If you...Read More
The thought of losing your home can be devastating. If you are facing a foreclosure action, it is important to seek legal assistance and learn what your options are for dealing with it. One option you may want to consider is filing a Chapter 7 or Chapter 13 bankruptcy. Many bankruptcies are filed by homeowners...Read More
If you have filed for bankruptcy protection under Chapter 13, you have committed to making monthly payments to the trust to fund your repayment plan. How long does a chapter 13 bankruptcy last? A Chapter 13 plan lasts for three to five years, so many changes in your life can occur during this time. What...Read More
All debtors are required to attend a meeting of creditors, as required by Section 341 of the Bankruptcy Code. It is normal for you to feel nervous about appearing before the trustee and your creditors to answer questions under oath about your finances, but a seasoned bankruptcy attorney will make sure you are fully prepared...Read More
