News Topic: BankruptcyLawNetwork

Perhaps you’re self-employed.  Or maybe you own a small corporation or LLC.  Times are hard.  Time to see a bankruptcy attorney.  You might be surprised to realize that these two items are considered assets:  accounts receivable and unbilled work in ... Read full article

Tax returns can be a trap for the unwary in Chapter 13 bankruptcy. Often, bankruptcy debtors do not have their tax returns squared away and filed before filing for bankruptcy. When non-tax creditors are pursuing you, and you need quick relief, often tax ... Read full article

How do you go about choosing your bankruptcy lawyer?  Most people never expect to be faced with bankruptcy.  Then there’s the embarrassment factor.  Facing bankruptcy is not something that most people are anxious to share with friends and neighbors. It’s ... Read full article

Before filing a chapter 13 bankruptcy, we need to figure out what you are paying.  Clients who have disposable income do have the choice to put their income to uses which are permitted by the Bankruptcy Code.  The means test is mechanical but not totally ... Read full article

Bankruptcy debtors should not reaffirm a mortgage.  Reaffirmation of debt in bankruptcy prevents the debt from being discharged, a process explained in greater detail by Kevin Gipson in Chapter 7 Bankruptcy and the Reaffirmation Agreement.  Yet, lawyers ... Read full article

Married couples can file a joint petition in bankruptcy for a single filing fee.  Consolidation of cases for married couples saves administrative cost, attorney fees, and can promote domestic harmony.  This benefit has, until recently, been denied by some ... Read full article

Paper checkbook registers?  Ask around; they seem to be going the way of the dinosaurs.  Why keep track of your checking account using paper, of all things, when the bank helps you do it online with no fuss and no muss?  Well, maybe the paper checkbook ... Read full article

When I meet with a new client to go over their possible bankruptcy filing, I always ask about what they own–real estate, cars, etc.–and what claims are filed against it–mortgages, title loans, etc. Often, the client says that they don’t own any of these ... Read full article

  Not if you hire an experienced bankruptcy lawyer. As I previously reported, we have a problem in the state of Florida with a few rogue bankruptcy trustees using unsavory tactics to shakedown Chapter 7 debtors. Specifically, in the State of Florida, a ... Read full article

So you’ve found the cheapest bankruptcy attorney in the market.  For only the price of $250.00 and the court costs, he’ll file your case provided you give him several post-dated checks for the balance of his fees.  So you can file now and pay later. ... Read full article

Bankruptcy Court in the Western District of North Carolina will have a new judge soon.  The Honorable George R. Hodges announced his retirement for November 2011, and after an extensive search it was announced that Laura Turner Byer will succeed him.  Ms. ... Read full article

1.    Once you decide that a business bankruptcy is the appropriate remedy for  your failing business, you must prepare a corporate resolution. 2.    The bankruptcy petition is then prepared listing all of the assets and liabilities. 3.    The business is ... Read full article

We have bailed out the mortgage companies that brought us the foreclosure crisis, now the states and a federal government agencies are on the verge of a sellout buyout by the bad guys for fraudulent foreclosures. The Office of Comptroller of the Currency, ... Read full article

There are many issues that can arise when you file a Chapter 13 bankruptcy case and insurance proceeds from a vehicular accident may be one such issue.  Let’s presume the following facts:  You are two years into a five year  Chapter 13 Plan, you have had ... Read full article

A U.S. bankruptcy court in California agreed with a chapter 13 debtor that the terms of his chapter 13 plan could prevent a foreclosure, even though he had previously filed a chapter 13 which was dismissed in the one year prior to his second case.  ... Read full article

So, you meet with an attorney to discuss your options in bankruptcy.  The attorney discusses a chapter 13 and says that you can “cram-down” your car in a chapter 13 case.  Cram what!?  I like the thought of cramming something somewhere for a particular ... Read full article

Explaining the differences between Chapter 7 and Chapter 13 bankruptcy can be difficult.  There are the obvious ones: Chapter 7 doesn’t involve payments to creditors, and Chapter 13 does.  And you can cure your mortgage arrears in Chapter 13 but not in ... Read full article

A Chapter 13 Bankruptcy last a minimum of 36 months, and more frequently lasts for 60 months. During that 36 to 60 month time frame, the Debtor will be making monthly payments, known as Plan payments to the Trustee. So it should not come as a surprise that ... Read full article