One of the fears of filing bankruptcy is whether or not one’s privacy will be breached. This fear arises from that fact that Bankruptcy is a public record. This means that anyone can show up to any bankruptcy proceeding or pull your bankruptcy paperwork. Section 107 of the United States Bankruptcy Code gives any individual [...]
September 2009
If you have recently inquired about filing bankruptcy, you might have suffered a shock when your lawyer told you what paperwork you would need to produce in order to file the case. If so, read on for a pleasant surprise. Different bankruptcy lawyers often communicate the same information to clients in different ways. Sometimes, a [...]
The income figures used on the bankruptcy means test will change for debtors filing petitions on and after November 1, 2009, the U.S. Trustee program has announced. The numbers could go up or down. Some people are predicting lower figures due to the economic downturn. Data from the U.S. Census Bureau is adjusted for family [...]
Most people want simple, clear, answers to a few simple questions about bankruptcy. Sometimes the answer depends on your circumstances. Most bankruptcy lawyers, however, turn the tables and ask a whole lot of questions before answering the client’s questions. Because every case is different, it’s dangerous to generalize without some factual background. While it is [...]
Reaffirmation is the process used by an individual who has filed bankruptcy to keep their secured assets and continue to pay the secured debt. Mortgage debt is a complicated area involving reaffirmation. it is important to review this in your state as property and foreclosure law varies from state to state. Here in Ohio it [...]
A regular question we hear from folks comes in two flavors: Do I have to be current on my bills in order to file bankruptcy? How far behind do I have to be to file bankruptcy? The simple answer is that you need to be in debt to consider bankruptcy but where you are in [...]
