You’ve filed bankruptcy and now your § 341 Creditors Meeting is coming up. What should you expect? Understandably, many people are apprehensive about their “court” appearance. Usually, in most consumer oriented bankruptcy cases, the § 341 Meeting of Creditors is not an ordeal. First, the § 341 Creditors Meeting is required and it is required that you attend [...]
October 2009
What will they ask me at my bankruptcy hearing?
If a creditor files a proof of claim in a Bankruptcy Proceeding, it is deemed allowed unless you or another interested party objects. So what does “allowed” mean and what are its ramifications?
You’re behind on your mortgage, and a foreclosure is threatened. You speak with a bankruptcy attorney, and are eligible for a Chapter 13, which will let you catch up on the payments and save the house. But should you? I speak with clients every day in this situation, and one of the most important things [...]
In a Chapter 13 bankruptcy the debtor proposes a Plan where he makes monthly payments of the arrearages (past due debt) to the Chapter 13 trustee. Because money is already tight, the question I hear most often from clients is when will the first Chapter 13 Plan payment due? The general rule is found in the Bankruptcy Code, [...]
Planning for bankruptcy can be similar to planning to file your income tax returns. You have to be accurate.  You have to be honest.  But you do have the right to engage in some planning before you file.  You do have the right to do things legally to leave yourself in the [...]
