In Part 1 of this topic I discussed the Louisiana real estate homestead exemptions. In this second part of the series, I will outline the more commonly used Louisiana bankruptcy exemptions for personal property. Those bankruptcy exemptions are for personal items are: Proceeds from insurance for damage that occurs from a “gubernatorially declared disaster” if the funds are placed in [...]
February 2007
You filed a Chapter 13 bankruptcy to save your home and your car, but now you and your spouse are separated and have filed for divorce. What happens to your case? (See also, What If My Spouse Dies During Our Bankruptcy?). Every bankruptcy attorney who files Chapter 13 bankruptcies has this issue arise from time [...]
The better question you should ask is – “What is a bankruptcy petition preparer?” Got a typewriter? Got some paper bankruptcy forms? Put the two together and you have a bankruptcy petition preparer. Current federal law requires attorneys to advise you at your first consult that you do not need an attorney to file bankruptcy. [...]
Perhaps the question I hear the most from homeowners that are considering bankruptcy is whether or not they are going to be able to keep their home. In most cases the answer is yes. The property that you as a debtor can keep when you file for bankruptcy depends upon the exemption laws of the state [...]
Delinquent debt is one of the hottest new “financial products”. Bad debt is bought and sold daily with little regard for whether the debtor has gotten a bankruptcy discharge. The buyer simply buys a data base of bad debt from a credit card company for pennies on the dollar and tries to collect. It’s called [...]
Technically if you owe a mere penny to anyone you are a debtor. However when people think of bankruptcy they often have trouble thinking about filing because in their mind the do not fit the “type”. “I make a good wage. I have a nice home and drive a nice car therefore I cannot be [...]
