Is there a minimum amount of money that you must owe before you can file bankruptcy? No but the answer to this question is more nuanced than that. Technically, there is no minimum amount of debt that you must owe before you can file bankruptcy. But, when you consider that many attorneys charge anywhere from [...]
February 2010
Debtors frequently feel like bankruptcy is an obstacle course. The goal is to receive a bankruptcy discharge. Along the way, there are many hurdles to pass. Clients often ask whether they have to go to court in bankruptcy cases. The answer is hardly ever. In fact, most debtors in bankruptcy cases will never go to [...]
What with the residential mortgage meltdown and credit card defaults, student loan debt can get lost in the shuffle. But $740 billion of it is out there, and with jobs hard to come by, repaying a student loan can be tough, or, impossible. Even doctors are having trouble repaying student loans, as shown in a [...]
You really have to hand it to Congress. When they want to protect the consumer they really know how to do it. Remember how the Bankruptcy Abuse Prevention Consumer Protection Act was supposed to protect consumers? Yeah, right! For the past five years, I’ve been looking for any evidence of consumer protection in this Act. [...]
In the Northern District of Georgia, where I practice, Chapter 13 debtors pay their mortgage payments directly to the mortgage lenders, rather than sending their mortgage payments to the Chapter 13 trustee for subsequent disbursement to the mortgage lender. What happens when a Chapter 13 debtor falls behind “post petition” – after his plan has [...]
The location of Charlotte NC bankruptcy Chapter 13 Creditor Meetings has moved from the Chapter 13 Trustee’s office on Park Rd to the United States Bankruptcy Administrator’s Office at 402 West Trade St, Charlotte NC 28202. The Charlotte bankruptcy creditor’s meeting room is in the building is across from the United States Federal Courthouse. It [...]
