Archive for October 4th, 2007

The Eastern District of Pennsylvania (Bankruptcy) Has Decided that a University Violated the Automatic Stay by Failing to Provide Debtor with Copies of Her Transcript »

For a long time, Debtors have been troubled by the scenario where they owe money to the institution from which they graduated but are unable to obtain their school records to support their job applications due to having a balance due and owing to the institution.  Whether it is a stay violation for an institution to [...]

Popularity: 11% [?]

What is Chapter 12 Bankruptcy? »

Chapter 12 bankruptcy is a specialized type of bankruptcy for family farmers and family fishermen with regular annual income.
This type of bankruptcy allows family farmers and fishermen in financial distress to propose a plan to reorganize their operations and pay back some or all of their debts over time
Chapter 12 is tailored to meet the [...]

Popularity: 9% [?]

What Do I Need to Bring With Me to My First Meeting At the Bankruptcy Lawyer’s Office? »

Bankruptcy attorneys and their office staff understand how anxious most people feel the first time they meet to discuss filing bankruptcy.  In order to help you to be a little more at ease, here is a list of documents that you can begin collecting prior to your first meeting with the attorney or staff.  Keep [...]

Popularity: 5% [?]

Bankruptcy’s Means Test and the New IRS Allowances »

Yesterday I provided a brief overview of the Means Test and its three parts. IRS Allowable Living Expenses Standards are critical for the 10% of bankruptcy filers who have above-median income. Those standards just changed. (IRS allowances update.)
The new standards create a new minimum amount for out-of-pocket health [...]

Popularity: 5% [?]

Another Reason to Object to Claims in a Chapter 13 Case »

Karen Oakes’ post on reasons to object to unsecured claims in Chapter 13 cases reminded me of a related issue–the importance of examining and, when appropriate, objecting to secured proofs of claim in Chapter 13 cases.
If you liked that post, then try these…Can I Contribute to or Repay a Loan to 401k in Chapter 13 [...]

Popularity: 3% [?]

Proposed Change a “Tweak” or a Bit More? »

CNN Money has this article about the legislation pending in the House of Representatives, which would change the bankruptcy laws to allow bankruptcy courts to modify home mortgages (as they can do currently for investment properties and vacation homes). The Center for Responsible Lending [CRL] calls the proposed change a “tweak,” and says it [...]

Popularity: 3% [?]