BankruptcyQuestionsNationalBankruptcyForum

Evanston Bankruptcy Attorney On How Filing Effects Utility Services

03/04/12

If you are currently behind on one of your utilities when you file a bankruptcy, we want to list that utility on your bankruptcy schedules, states Evanston bankruptcy attorney David Siegel.  The utility company will then get the bankruptcy notice, it will wipe out any prepetition debt and it will restore service or continue service [...]

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Business Bankrutpcy Basics

03/01/12

As Dallas bankruptcy attorney, I have many clients that seek help with resolving business debts. While business bankruptcy and personal bankruptcy are similar processes, there are important distinctions that should be considered. Business Debts and  Assets Like a personal bankruptcy, business debts can be eliminated through a Chapter 7 case. In a business Chapter 7, [...]

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IRS Sanctioned for Willful Violation of Discharge Order

03/01/12

When Creditors Ignore the Bankruptcy Discharge Creditors who attempt to collect on debts that have been discharged in bankruptcy often find themselves in serious hot water with the Bankruptcy Court.  Bankruptcy judges take the discharge order very seriously and will dish out punishment to those who ignore its prohibitions against continued collection efforts. As Nebraska [...]

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How to Pay Down Credit Card Debt and Avoid Bankruptcy

02/29/12

Follow These Steps to Pay Down Your Credit Card Debt Perhaps like many Americans your New Year’s resolution involves paying down credit card debt. After all, even the most ardent supporter of the plastic hears that little voice in the back of their head “credit card interest rates are a huge ripoff, I shouldn’t use [...]

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Court Rules Collection Letter to Deceased Co-Borrower Did Not Violate Automatic Stay

02/29/12

Bankruptcy Debtors Shielded From Collection Activity If you’ve spent any time reading National Bankruptcy Forum, you know that once a bankruptcy case is filed creditors are prohibited from contacting the debtor. Thanks to a powerful court-ordered injunction known as the automatic stay, consumers who elect to file for bankruptcy are given an opportunity to catch [...]

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Reaffirmation Agreements for Multiple Mortgages Approved by Ohio Court

02/29/12

Reaffirmation Agreements in Bankruptcy Although most consumers file bankruptcy, eliminate their debts and don’t look back, some find it more convenient to keep paying on loans that were in place prior to their bankruptcy. Some go as far as to renew their obligation to pay loans that would have been discharged in bankruptcy. This is [...]

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Bankruptcy Checklist

02/23/12

As a Dallas bankruptcy lawyer I get many clients who are confused by the bankruptcy process. While it isn’t meant to be inherently difficult, many people make mistakes prior to even filing that could jeopardize the success of their case. I like to sit down with my clients and review the following information to better [...]

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Bankruptcy Checklist

02/23/12

As a Dallas bankruptcy lawyer I get many clients who are confused by the bankruptcy process. While it isn’t meant to be inherently difficult, many people make mistakes prior to even filing that could jeopardize the success of their case. I like to sit down with my clients and review the following information to better [...]

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Leaving Creditors Off of Your Bankruptcy

02/21/12

Can I leave some creditors off of my bankruptcy? No. Any creditor whom you owe a balance to must be listed on the petition.  Does this mean you should go pay off all the credit cards that you want to keep? No. Even with a $0.00 balance the credit card companies will likely close your [...]

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Buying a Home after Filing for Bankruptcy

02/18/12

That ranch in Montana is calling your name. Or maybe it is that Montana ski chalet.  Unfortunately, if you’ve filed for bankruptcy, property in Montana may see like a distant dream. That light feeling you get after filing bankruptcy is all that stress being lifted from your shoulders and, there is no law against having [...]

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