Bankruptcy Basics

How Can Bankruptcy Turn the Tables for the Debtor

12/14/11

How Can Bankruptcy Turn the Tables for the Debtor When people consider filing for bankruptcy, their first concern is usually what negative consequences may stem from their decision.  Making the decision to file for bankruptcy is an important one, and one that needs to be given considerable weight.  However, it is also important to see the [...]

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Getting Foreclosure Assistance From a Bankruptcy Lawyer

12/05/11

If you are overwhelmed with debt, filing for chapter 13 bankruptcy may provide some relief. Chapter 13 provides debtors with an opportunity to restructure their outstanding debt and restore their financial health. Furthermore, in some situations chapter 13 can help prevent a debtor’s home from being foreclosed. However, bankruptcy may not be viable option for [...]

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Dismissals by Interested Parties

12/04/11

Bennett v. Bennett (In re Bennett), No. 09-44442-BDL (Bankr. W.D. Wash., January 19, 2011). When you file for bankruptcy, any “interested” party can ask the court to dismiss your case.  If the court finds that you abused the bankruptcy laws, by lying or hiding assets, the court will agree and dismiss the case.  You will [...]

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The Power of the Bankruptcy Court

12/04/11

 In re: Moser, No. 09-11945 (Bankr. N.D. Calif., May 18, 2011). In your interactions with the bankruptcy court, it is important to be as kind and respectful, and honest as possible.  The bankruptcy court has a lot of discretion in making important decisions that will influence your life for a long time.  It is not [...]

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Handling Debts In Bankruptcy

11/29/11

As a Fort Worth bankruptcy attorney, I strive to not only represent my clients but educate them about the bankruptcy process as well.  I feel it is important for every filer to know and understand how the process works. To do that, I typically start with the basics about debts in bankruptcy. Unsecured Debts The [...]

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Can I discharge back utility bills through the bankruptcy process?

11/25/11

When people are current with their utility bills, utilities rarely become an issue in bankruptcy.  That is because Section 11 U.S.C. § 366(a), prohibits utility companies from discriminating against people based solely on bankruptcy filing.  However, often being current is not the case and people seek to discharge their back utilities debts through bankruptcy. You [...]

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Life During Bankruptcy

11/21/11

As a Fort Worth bankruptcy attorney, I am used to dealing with clients who have many fears about the bankruptcy process. I always tell my clients that bankruptcy is a tool to help, not cause damage or undue stress. While some clients must face their fear head on, many of my clients are comforted when [...]

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PayPal Accounts and Bankruptcy

11/17/11

The popularity of PalPay as the easiest way to send and receive money on the web has grown tremendously since its start in 1999.  PayPal is the preferred payment method for eBay users. When people are faced with the loss of a job or a host of other situations in which money is needed fairly [...]

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Why Debtors Should Always Seek The Help Of A Bankruptcy Lawyer When Drafting A Chapter 13 Payment Plan

11/15/11

If you are overwhelmed with debt filing for Chapter 13 bankruptcy may provide some relief. Chapter 13 allows a debtor to restructure his debt, which can significantly improve a debtor’s financial position. However, there are many consequences, which can arise due to filing for bankruptcy. Debtors seeking bankruptcy protection should always consult a Tampa bankruptcy [...]

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What is a Lien strip?

11/11/11

What is a Lien strip? A Lien strip is possible only in a Chapter 13 bankruptcy and only if the fair market value of the property is less than the total amount of money due on the first mortgage. In that case a second and third mortgage if any can be stripped off the house. [...]

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