Jay S. Fleischman is a bankruptcy lawyer with offices in Los Angeles and New York. He can often be found on Google+ and Twitter, where he shares information about consumer protection issues and personal finance.

 

Author: Jay Fleischman, Esq.

21 Jun Reason 487 To Hire A Lawyer For Your Bankruptcy Case: Judicial Estoppel

Let's say someone does a bad thing to you, and you think you'd like to sue them. Maybe you have a case, maybe not. It doesn't matter right now. Anyway, you cool off a bit and decide it's a better idea to just let it go. Let bygones be bygones and all that. But then your debt situation gets out of hand, and you decide to file for bankruptcy. Rather than hire a lawyer, you go with a paralegal or a document preparation service. The service charges you $299 or some absurdly low amount, and you figure it's better than shelling out $1,500 or more for an attorney. Your Chapter 7 bankruptcy case is filed, the meeting of creditors goes swimmingly well, and you get a discharge. Clean slate, and all for a lot less than a lawyer would have charged. One day you're talking with someone about that other person you had been thinking about suing, and they tell you that it's a bad idea to let it go. You get all fired up, talk with a lawyer and find out you've definitely got something with this lawsuit. You file suit against the bad person, and promptly get kicked out of court. What happened?
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04 Jun Filing For Bankruptcy Again? Watch Out For These Pitfalls!

If you're back in debt after a bankruptcy, you're not alone. With millions of people having gone through the bankruptcy system in the past decade or so, it's inevitable that at least some will find themselves back in tough times. Add to that the troubles of the past four years or so and you've got the makings of a "welcome back" party at the bankruptcy court. Lots of people walk into their bankruptcy lawyer's office with erroneous information about the process the second time around. With so much information available online, it's easy to get tripped up by incorrect bankruptcy information.
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21 Feb When Selling Your House In Chapter 13, Timing Is Everything

If you're in an active chapter 13bankruptcycase, or you are contemplating a bankruptcy filing, you may have your eyes on the potential sale of your real estate down the road. The timing of your decision is critical. In recent months, I've had a number of people come to my office with a real estate deal on the verge of closing but a foreclosure sale looming within days. Filing a Chapter 13 bankruptcy on behalf of my client wouldn't be so difficult but for the fact that the sale is scheduled to close within the next week or so.
We've talked about the fact that you can sell your house while in an active chapter 13 bankruptcy, but there hasn't been much discussion regarding when it can and cannot be done. For example, let's say your home is headed to the foreclosure auction in three days and you've got a contact in hand. Can you file a case then sell the house tomorrow?
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after bankruptcy buy home

21 Jan How Long After Filing Bankruptcy Can You Buy A Home?

Buy a home after bankruptcy? Seems like a stretch for all but those who win the lottery once the discharge is issued. But play your cards right and you could be worrying about scheduling a closing date sooner than you ever thought possible. After filing bankruptcy, you're debt free. No more calls, no more lawsuits. Suddenly, the world feels a bit brighter and filled with possibilities. You start looking around your rental and thinking you might want to buy a home. In order to buy a home after filing bankruptcy, you're going to need to worry about two things. They are:
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