Bankruptcy Basics

Joliet Bankruptcy Attorney & The Bankruptcy Court Date

09/15/11

 The bankruptcy court date is commonly referred to as the 341 meeting.  It’s also called the meeting of creditors.  Now clients are understandably nervous about this date.  In fact, in truth, I’ve heard many clients tell me that the 341 meeting was a lot easier than they ever expected it to be.  One question clients [...]

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Dallas Firm Joins the National Bankruptcy Forum

09/12/11

The Lee Law Firm aims to provide local residents with high quality legal representation at affordable rates. Their Dallas bankruptcy attorneys specialize in all aspects of Chapter 7 and Chapter 13 Bankruptcy. As bankruptcy lawyers in Dallas, the Lee Law Firm attorneys understand the pressures their clients face as the battle a financial hardship.

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How Do I Choose A Good Bankruptcy Attorney?

09/07/11

Characteristics of a Good Bankruptcy Attorney If you’re faced with the unfortunate task of filing for bankruptcy, there’s nothing more important than having a highly qualified Arizona bankruptcy attorney by your side. Not only do reliable bankruptcy attorneys help seamlessly guide you through the process, but they can also make sure you get the full benefit [...]

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Oak Lawn Bankruptcy Attorney Explores The Different Kinds Of Debt And Discharge

09/07/11

There are different kinds of debts.  The United States Bankruptcy Code governs the discharge of debts.  Debtors need to understand that by submitting themselves to the jurisdiction of the bankruptcy court, they are likewise agreeing to have their finances examined and ruled upon by the bankruptcy court using the Bankruptcy Code. To begin, debts are [...]

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Changing or Converting from Chapter 13 to Chapter 7 After Filing

09/06/11

One of the most common questions that we get here in the office from clients or potential clients who are considering filing Chapter 13 bankruptcy regards changed circumstances while you are in Chapter 13 bankruptcy.  What will happen if our income goes down?  What will happen if we lose our jobs?  What if we decide [...]

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Chapter 13 vs Chapter 7

08/30/11

Chapter 7 vs. Chapter 13 Bankruptcy Through years of practice, I have lost track of how many times I am asked the question, “What is the difference between Chapter 13 bankruptcy and Chapter 7 bankruptcy, and what is the best option for me?”  Every time that I am asked that question, I give the same [...]

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Rising Elderly Population May Increase Bankruptcy Filings

08/30/11

The oldest of the baby boomers are just now reaching the age of retirement, and with that comes a series of new concerns.  The average cost of a nursing home today is somewhere around $7,000 a month, and that number is only on the rise.  For adults who need special assistance, such as Alzheimer’s patients, [...]

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Should I Convert My Chapter 13 to Chapter 7?

08/24/11

Most Chapter 13 cases are not successfully completed and discharged.  This means that there are many individuals who file for Chapter 13 and find themselves unable or unwilling to continue.  Can these filers convert to Chapter 7?  Should they? If you are eligible for Chapter 7 bankruptcy, section 1307(a) of the Bankruptcy Code permits you [...]

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Want a Successful Discharge? Things NOT to do Before a Bankruptcy

08/23/11

Things you shouldn’t do right before filing for bankruptcy If you’ve made the decision to file for bankruptcy, you’re making the choice to get back on track to financial stability. If you know you’re going to file soon, there are a few things you should remember not to do, as they will damage your bankruptcy [...]

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Alsip Bankruptcy Lawyer Describes The Debtor/Trustee Meeting

08/23/11

The debtor is going to be asked to confirm the information in the bankruptcy petition and schedules, and to confirm his or her identity.  These questions are things that the debtors have already faced.  They should pose no problem for the debtor.  And meeting should last no more than five to ten minutes.  The debtors [...]

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