News Topic: Chapter 7 Bankruptcy

Before you meet with a bankruptcy attorney, there is some important information that you need to have handy.  This information will likely be part of the questionnaire or in-take form that you will be asked to fill out.  When giving information, always ... Read full article

Attorney Donald L. Lader, Jr. has joined the National Bankruptcy Forum. Attorney Lader operates under Lader Legal Services PLLC and on the web at NHLaw.com. He provides Chapter 7 and Chapter 13 bankruptcy services and Foreclosure Defense for the entire ... Read full article

Most Chapter 13 cases are not successfully completed and discharged.  This means that there are many individuals who file for Chapter 13 and find themselves unable or unwilling to continue.  Can these filers convert to Chapter 7?  Should they? If you are ... Read full article

Once a creditor files a complaint, it depends on which kind of complaint the creditor files as to whether or not a debtor will receive his discharge.  The 60 day period is the time frame within which the court cannot issue a discharge.  If no complaints ... Read full article

  What happens when you file for bankruptcy and then receive a large inheritance?  If your receive an inheritance, should you still consider filing for bankruptcy?  Questions involving financial assets can be complicated, and often depend on the timing, as ... Read full article

Birmingham bankruptcy attorney, Brent W. Davis, based out of Birmingham, AL is pleased to announce that his office has joined the National Bankruptcy Forum. For a complete list of Alabama Bankruptcy Attorneys who take part in NBF, click here. ... Read full article

Identity theft, the use of another’s personal information for fraud or deceit, is unfortunately a widespread problem.  And a significant number of bankruptcies involve identity theft as well.  Examples include the filing of bankruptcy with another’s name ... Read full article

Although debtors are typically required to pay at least some of their unsecured debts in Chapter 13, and are required to complete a plan, it may sometimes be strategic to convert a Chapter 7 case to Chapter 13.  When would this be? If a creditor objects to ... Read full article

When you consider filing for bankruptcy, if you are married you will have to decide whether to file jointly or separately.  If you decide to file jointly, it will be important to know:  what will happen to your spouse? What happens to your spouse will ... Read full article

Bankruptcy is a tough thing to do.  For many people, it’s a mental thing to do.  But, what I found is most people, once they go through the process, they will tell me, “I wish I had done it sooner.  I wish I didn’t wait 2-1/2 years to make this fresh start ... Read full article

The whole purpose of chapter 7 bankruptcy, under the United States Bankruptcy Code, is to provide a fresh start to individuals that are honest debtors who need a fresh start and who otherwise do not have the ability to repay their debts.  Chapter 7 ... Read full article

Chapter 7 bankruptcy cases come in many varieties.  The most difficult chapter 7 bankruptcy case is one where a person has credit card debt that they do not have the ability to repay.  For many years, they might have incurred debt on the credit cards, and ... Read full article

In response to the nationwide real estate crisis, the Obama Administration unveiled the Homes Affordable Modification Program (HAMP) in 2009 as part of the more comprehensive Making Home Affordable (MHA) Program. HAMP was initially funded with $50 billion ... Read full article

If you live in California or Florida, your financial problems are probably more serious than if you lived in other states. The large number of residents in these states – combined with home values that skyrocketed and then collapsed – resulted in many ... Read full article

In each of the following mistakes, ask yourself whether you think a receptionist, delivery person, or cleaning crew could get their hands on your confidential legal documents. I think you’ll agree that any one of these mistakes could result in your Social ... Read full article

For those who are considering filing Chapter 7 bankruptcy in San Jose, or elsewhere in California, a common misconception is that the bankruptcy trustee will seize or take away all of a debtor’s existing property.  This is not true. Debtors are entitled to ... Read full article

As attorneys, we need to know everything that debtors own. This is not the time where they should be hiding anything from us. We need to know so we can give them the best advice. Checking accounts and savings accounts are pretty much protected since most ... Read full article

Today was a most interesting read of the newspaper. Financial stories abound each day, the news is filled with tales of the stock market crash and the double dip recession (was there ever a rise to double dip?). Here are a smattering of headlines that ... Read full article