Bankruptcy, Personal Injury, Workers Compensation, Litigation
If you file a Chapter 7 and you have a secured debt, often times a car note or a mortgage, you will be asked by the creditor to reaffirm that debt. What does that mean? When a Chapter 7 debtor reaffirms a debt they agree to continue paying that obligation even after their bankruptcy case […]
I Owe My Family Money. Should I Pay Them Back Now? When you file a Chapter 7 bankruptcy, or even a Chapter 13, your attorney might ask you if you have paid any friends or family members any money in the last 12 months? I ask this question to every single client I meet with […]
Should I file a Corporate Chapter 7 Bankruptcy? If you own a business and that business is struggling, bankruptcy might be a consideration for your business. This article will address filing a Chapter 7 for your business, which essentially means dissolving the business. If you file a Chapter 7 bankruptcy for your LLC or S-Corporation, […]
It is getting towards the time of the year when people start thinking about how much money they might receive for their tax refunds early next year. If a potential debtor is thinking about this, then a Chapter 7 or Chapter 13 Trustee will also likely be thinking about it. […]
If you have spoken to anyone before about bankruptcy, they probably told you that they received a “discharge” of their debts. I have noticed when I am meeting with clients for the first time and I let them know they are eligible for a discharge, often I get a look […]
A dependent is defined as “someone who relies on another for support; one not able to exist or sustain oneself without the power or aid of someone else.” This definition matters quite a bit if you are considering filing for bankruptcy. Times have been rather tough for some Americans as the economy has hit a […]
This question may not initially be on the mind of a prospective client when they come into your office, but the situation does come up from time to time when it is in the best interest of the client who originally started their bankruptcy as a Chapter 13 to convert that case to a Chapter […]
Shortly after you file for bankruptcy, the Court sends you a notice to appear at a meeting of creditors, also called a “341 meeting”. This meeting will take place roughly about a month after your case is filed. The notice will contain the date, address, time and the name of the trustee that will be […]
The short answer is no…you do not have to surrender your home if you file for bankruptcy. If you are having financial trouble and problems making your ongoing mortgage payment, I would first recommend contacting your lender and trying to modify your mortgage. Some lenders will work with you, but if they are not willing […]
If you are considering filing for bankruptcy you probably have a number of questions. Often times people turn to the internet or friends for advice, and may get confusing and inconsistent answers. The best course of action is to meet with an attorney. Many attorneys offer free, no obligation consultations. This is a great way […]
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