April 2010

Bankruptcy: What Do I Do at My Meeting of Creditors?

by David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney

After filing for bankruptcy, you will meet with a trustee. Be prepared. There is a way to act and not to act at a meeting of creditors. These tips will help you know what to do. Here’s what to do at your 341 bankruptcy meeting with the trustee. Be on time Dress reasonably – not too [...]

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Odds Low for Bankruptcy Audit

by Jill Michaux, Kansas Bankruptcy Attorney

Honesty and full disclosure are required to get a bankruptcy discharge, but the odds of your case being  audited are low.  One in 583 cases out of 1.4 million bankruptcies filed was chosen for audit in fiscal year 2009. Compare that with a little more than one in 100 tax returns audited by the IRS. [...]

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Bankruptcy: “But I Don’t Want to File On….”

by Russell A. DeMott, Charleston Bankruptcy Lawyer

Filing bankruptcy means listing all your debts, even those you eventually plan on repaying after bankruptcy, like debts to relatives or your mortgage and car payments. As I tell my clients, you need to list anyone in the Milky Way Galaxy to which you owe money.  That means even those who think you owe them [...]

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