News Topic: BankruptcyLawNetwork

Despite a lengthy delay in her chapter 7 proceeding, amounting to nearly two years, the fact that her chapter 7 case was still open prevented a West Virginia woman from filing a chapter 13 case.   In re Lynch, Nos. 5:14-bk-50001, 5:16-bk-50272 (S.D.W.Va. ... Read full article

The holiday season has rolled around once again and regardless of whether you are in bankruptcy, this season tends to be a season of stress instead of joy. Americans continue to focus on purchases geared towards their wants instead of their needs. ... Read full article

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It doesn’t happen very often, but sometimes a client who needs to file bankruptcy is also in line to receive an inheritance.  Like a lot of things, what will happen to that inheritance in a bankruptcy case depends on the timing. ... Read full article

The Bankruptcy Court for the Eastern District of North Carolina has issued an order est ... Read full article

Willy Stöwer, 1912 Chapter 7 is the chapter under the Bankruptcy Code that most consumers file. It is seen as simple, fast, and, by some, “just filling out a few forms.” ... Read full article

Have you wondered what is meant by the term “mortgage arrearage?” As Bankruptcy Law Network member Jonathan Ginsberg explains, a mortgage arrearage simply refers to any missed mortgage payments. If, for example, you did not pay your mortgage in January ... Read full article

The most important thing my Chapter 13 clients want to know is how much their Chapter 13 Plan payment will be. They ask this question at our initial meeting, before their case is filed, and during the period before their Chapter 13 Plan is confirmed. Of ... Read full article

Chapter 13 is widely known as the fastest and most effective legal action you can use to stop a foreclosure – even a foreclosure scheduled for the next few days. ... Read full article

What can you do about a judgment lien filed against you by a creditor or debt buyer that is now out of business? Law firms like Mann, Bracken that have closed down, filed bankruptcy themselves, or otherwise disappeared still appear as judgment creditors ... Read full article

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As in lots of things, timing can be everything.  Timing is important in music, comedy, athletics, you name it. ... Read full article

Medical bankruptcy is a made up term.  It is often used by non-lawyers to describe the primary reasons behind their financial downfall.   It is a very real situation but not recognized as a special category of insolvency by the legal system. ... Read full article

As our readers may recall, over the years, the members of this network have reported on various celebrity bankruptcy filings and the need for absolute truth in a debtor’s pleadings. ... Read full article

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