Chapter 7 Bankruptcy

Chapter 7 Post-Petition Homeowners Ask What Happens If We Walk Away From Our Homes

09/08/11

     A common post-petition question I receive from my Chapter 7 clients is what are their obligations and options if they decide to walk away from their homes after they receive their discharge.  These are clients who initially did not surrender their homes when they filed Chapter 7 and have decided for various reasons they either cannot or do [...]

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How Do I Choose A Good Bankruptcy Attorney?

09/07/11

Characteristics of a Good Bankruptcy Attorney If you’re faced with the unfortunate task of filing for bankruptcy, there’s nothing more important than having a highly qualified Arizona bankruptcy attorney by your side. Not only do reliable bankruptcy attorneys help seamlessly guide you through the process, but they can also make sure you get the full benefit [...]

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St Louis Bankruptcy Attorney Jonathan Brent Joins National Bankruptcy Forum

09/07/11

Jonathan Brent is happy to announce his membership in the National Bankruptcy Forum.

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Changing or Converting from Chapter 13 to Chapter 7 After Filing

09/06/11

One of the most common questions that we get here in the office from clients or potential clients who are considering filing Chapter 13 bankruptcy regards changed circumstances while you are in Chapter 13 bankruptcy.  What will happen if our income goes down?  What will happen if we lose our jobs?  What if we decide [...]

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Bankruptcy vs. Debt Consolidation

09/06/11

Bankruptcy Enjoys Federal Oversight Not everyone needs to or should file a bankruptcy case.  Bankruptcy is something that should be a last resort.  But when financial pressures become unbearable, bankruptcy is most likely the best option. First, bankruptcy enjoys federal oversight and protection.  Debt consolidation commercials, which try to stigmatize bankruptcy, conveniently omit the fact [...]

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How Bankruptcy Impacts a Cosigner

08/30/11

How bankruptcies affect cosigners When filing for bankruptcy, it’s important to understand the consequences. Although most of the consequences will fall squarely on you, a bankruptcy could have negative ramifications on your cosigners. Even though it’s always crucial to do what’s financially beneficial, it’s also vital to understand how it will affect your cosigners. Here [...]

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Chapter 13 vs Chapter 7

08/30/11

Chapter 7 vs. Chapter 13 Bankruptcy Through years of practice, I have lost track of how many times I am asked the question, “What is the difference between Chapter 13 bankruptcy and Chapter 7 bankruptcy, and what is the best option for me?”  Every time that I am asked that question, I give the same [...]

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Rising Elderly Population May Increase Bankruptcy Filings

08/30/11

The oldest of the baby boomers are just now reaching the age of retirement, and with that comes a series of new concerns.  The average cost of a nursing home today is somewhere around $7,000 a month, and that number is only on the rise.  For adults who need special assistance, such as Alzheimer’s patients, [...]

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San Jose Bankruptcy Lawyers Raise Concerns over Perceived Trustee Abuses

08/27/11

At a recent meeting of our Chapter 13 Committee meeting, a group of Bay Area bankruptcy attorneys who meet monthly to discuss recent developments in consumer bankruptcy law, a lively discussion erupted among a group of 40-50 local practitioners over Bay Area Chapter 7 panel trustees’ increased reliance upon lengthy questionnaires and blanket document requests [...]

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Fox Lake Bankruptcy Attorney On What To Expect At Your Meeting Of Creditors

08/27/11

All debtors are required pursuant to section 341 of the Bankruptcy Code to attend a meeting of creditors.  The meeting of creditors at which clients must appear often strikes fear unnecessarily in clients’ hearts.  In all honesty, the meeting of creditors is a very simple proceeding that doesn’t take that much time. In chapter 7 [...]

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