Bankruptcy Blogs

The Daily Docket: Kodak Hires Restructuring Lawyers

10/03/11

Eastman Kodak Co. has hired Jones Day as restructuring attorneys, The Wall Street Journal reports. The 131-year-old company is tackling investor worries but says it doesn’t intend to file for bankruptcy.

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Chapter 13 Plan Payments

10/03/11

Now you may not have a lot of available money outside of that Chapter 13 payment that you can take home, but that is the price you pay when you enter into a Chapter 13 repayment plan.  All of your disposable income, not including your necessary expenses, but all of your disposable income must go [...]

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Bankruptcy Court Costs Increase

10/03/11

  Miscellaneous fees in the U.S. Bankruptcy Courts increase again on November 1, 2011.  The filing fee to initiate a bankruptcy case is not changing. Debtors will have to pay $30 to amend schedule d, e, f, g, or h, up from $26.  Creditors will have to pay $176 to file a motion to lift [...]

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Credit Card Charges, Installment Loans & Medical Bills Cause Bankruptcies to Soar

10/03/11

It’s a nasty habit. Even an addiction. It costs a fortune. And it’s causing bankruptcies to skyrocket. What is it? Buying things on credit, aka buying things “on time.” Here’s what often happens. (Does the following sound familiar?) You start charging things to your credit card. Month after month, the amount you owe increases. Your [...]

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7 Shocking (and Costly!) Facts About Consumer Credit Counseling

10/03/11

(NOTE: This information refers to credit counseling other than what is required for bankruptcy pre-filing credit counseling. Talk to the Fonfrias Law Group for approved agencies.) SHOCKING FACT #1: Credit counselors work for your creditors, not for you. A former Assistant Attorney General for the state of Texas said this about Consumer Credit Counseling Services: [...]

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Can I Sign My Spouse’s Name To The Paperwork?

10/02/11

Absolutely not.  You cannot sign your spouse’s signature, and you should not sign your spouse’s signature on anything.  This goes beyond bankruptcy law.  This is just common sense.  The documents that are prepared are prepared for both you and your spouse.  Both you and your spouse must read and understand the documents and know what [...]

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Can I Keep A Credit Card If I File For Bankruptcy?

10/02/11

The general answer is no.  You have to list all the people that you owe money to, including every single one of your credit card issuers.  Even credit card issuers who are not owed a debt are going to find out about your bankruptcy filing.  Those creditors subscribe to a service which notifies them of [...]

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