Bankruptcy Basics

Bankruptcy courts across the country have implemented a new automated telephone system for providing free basic case information to callers called McVCIS (Multi-Court Voice Case Information System).

When a Chapter 13 bankruptcy plan gets confirmed by the Bankruptcy Court, the monthly payments you are supposed to pay to the trustee are set by the confirmation order. But they are not always set in stone.

Let’s say someone does a bad thing to you, and you think you’d like to sue them. Maybe you have a case, maybe not. It doesn’t matter right now.

Anyway, you cool off a bit and decide it’s a better idea to just let it go. Let bygones be bygones and all that.

Baseball had the “Steroid Era,” and the law has its “Foreclosure Era.”  The two phenomenons are so similar, but the latter has shaken our confidence in our  system of justice.

According to Aurora bankruptcy attorney David Siegel, the meeting of creditors is provided pursuant to this Section 341 of the United States Bankruptcy Code.  The meeting is often referred to as the 341 meeting of creditors or your bankruptcy court date.  At the meeting of creditors, you along with your attorney are going to be [...]