*Chapter 7 Bankruptcy

Filing Bankruptcy? Beware of the Unexpected.

03/27/13

This is a tale of two families who just wanted to protect their homes. The older couple wanted to protect their residence from the possibility that they might lose it if they had to go to a nursing home. Their daughter and her husband were having trouble paying the monthly mortgage payment on their home. They had incurred high medical and credit card debts and the husband’s employer had cut down on the hours that he could work each week.

[more]

Did James Bond File Bankruptcy in Texas?

03/25/13

Bankruptcy is not a good place to hide out if you are a super-spy.  Your (financial) life is an open book and your (expensive) toys end up on the auction block.

So did James Bond try to evade his enemies by filing bankruptcy in Dallas back in June, 2012?  The clues are tantalizing in a Dallas Chapter 7 case.

[more]

Payment Plans and Chapter 7 Bankruptcy

11/23/12

I wanted to write something about payment plans and Chapter 7 bankruptcy. First of all, I am a Massachusetts attorney and these thoughts are restricted to the here in my state. Although the laws related to bankruptcy payment plans are federal, local practice may vary somewhat state by state.

[more]

Should I Be Worried About Going To My Meeting of Creditors?

10/26/12

After you file a bankruptcy case, you are required to attend a meeting of creditors.  This is scheduled for about a month after your petition is filed, and is usually the only appearance you will need to make during the bankruptcy process. Should you be nervous about it? Probably not, especially if your bankruptcy lawyer knows what he or she is doing.

[more]