2007 November 09 : Bankruptcy Law Network

Archive for November 9th, 2007

In Pennsylvania, the Pre-BAPCPA Ride-Through Option Is Still Alive and Well Per State Law »

By Stephen Otto, Pennsylvania Bankruptcy Attorney on Nov 9, 2007 in Bankruptcy Cases & Legislation, Bankruptcy Myths, Bankruptcy Practice and Procedure, Bankruptcy Protection & Automatic Stay, Benefits of Bankruptcy, Lawyer to Lawyer, Pennsylvania | 0 Comments

When filing for bankruptcy protection under Chapter 7, of paramount concern to many debtors is the status of their vehicles. There three primary options expressly endorsed by the United States Bankruptcy Code:

Reaffirmation. Reaffirmation is governed principally by Section 524(c) of the Code. Of concern in post-BAPCPA cases in the vehicle context is the manner in [...]

Mortgage Legislation: “Pointed” Questions For the ABI »

By Wendell Sherk, Missouri Attorney on Nov 9, 2007 in Benefits of Bankruptcy, Chapter 13 Bankruptcy, General Bankruptcy Information, Missouri | 0 Comments

As I discussed this week, Congress is seriously considering legislation to allow consumers to modify home mortgages. At the same time Sam Gerdano, the executive director of the American Bankruptcy Institute, threw cold water on the idea in an Associated Press interview. This leaves this long-time ABI member to wonder if the [...]

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What Debt Are Not Covered By Bankruptcy?

When you file for bankruptcy, your goal is a discharge of your debts. However, not everything is covered by a bankruptcy discharge. Though you can expect the vast majority of debt to be swept away, there are a few debts that a person is held accountable for after filing for bankruptcy. Debts that will [...]

Violations of the Bankruptcy Discharge - Catching Creditors in the Act

The U.S. Bankruptcy Code states that once a debt has been discharged, no attempts may be made to collect on that debt. Unfortunately, it is not uncommon for unethical creditors and collections agencies to continue attempts to collect. There are a few things to be aware of should you ever find yourself being hounded because [...]

What Happens to My Pension if My Company Files Bankruptcy?

With more and more companies facing bankruptcy, many employees are worried about their futures. Beyond the question of finding a new job, Americans are concerned about hat will happen to their pensions if their company files for bankruptcy. Once a company files for bankruptcy, pension payments may be suspended. This does not mean that they [...]

New Bankruptcy Laws Aren’t Helping

On October 17, 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was passed in response to increased filings across the nation. The revised law provided stricter guidelines for who qualified for Chapter 7 bankruptcy, added a financial counseling requirement, and increased the amount of income that Chapter 13 bankruptcy filers had [...]

Bankruptcy Advice: You Get What You Pay For

Bankruptcy filings have become more frequent lately. As corporations, consumers, and banks become increasingly tight-fisted with their money, layoffs are also becoming more common and finding work may be difficult. If you were living on a tight budget before the economic crisis, your troubles could multiply quickly in the current climate. If you should [...]

Archive for November 9th, 2007

In Pennsylvania, the Pre-BAPCPA Ride-Through Option Is Still Alive and Well Per State Law »

Mortgage Legislation: “Pointed” Questions For the ABI »

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