A chapter 13 case can last from several months to several years (but no more than five years).  Over this amount of time, things can change–jobs can change, expenses can change, any number of things can change.
Because of this, it is not unusual for folks who are in a chapter 13 plan to experience difficulty [...]

This week, the United States Bankruptcy Court for the Eastern District of North Carolina entered an order mandating that mortgage payments will now be made through the debtors’ chapter 13 plan.  These are often called “conduit” plans because the chapter 13 trustee acts as a conduit for the mortgage servicer and collects payments on the [...]

Absolutely not!  Many people have expressed concern that if a judgment is entered against them in state (or federal) court, then they are stuck with that particular debt.  In most instances, this is simply not the case.
To understand what occurs, it is helpful to know how a judgment works against you.  First, when a court enters [...]

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 this [...]

I was sitting in a Section 341 Creditors’ Meeting a year or so ago and a somewhat elderly lady was at the table with the chapter 7 trustee.  She had filed her petition herself and she was answering the trustee’s questions.
The trustee asked her about real estate that she had transferred.  She replied that it was [...]

In a word, yes! A debtor in a bankruptcy case can file a lawsuit within the bankruptcy case for any number of reasons.  The lawsuit is called an adversary proceeding.
As the economy continues to struggle, the debt collection industry is also trying hard to get money out of your pocket and into theirs.  Many times, [...]

In a prior post, I talked about operating a business as a proprietorship and

This is a tough question and a lot it depends on how you operate your business.  Before the question is addressed, it may be useful to go back over the various forms of businesses typical of a small business owner.
Sole Proprietorship:  This is where you operate the business by yourself–you have not incorporated and you [...]

We all know that the automatic stay serves to stop almost all creditor attempts to collect a debt.  The automatic stay has been discussed extensively on this blog.
But many times, creditors will stop sending monthly mortgage statements because they are under the impression that it violates the automatic stay to continue to send statements.  In [...]

With the grim economic times today, often people who had previously filed bankruptcy are finding that they are facing difficult financial issues today.  The question is often asked, can I file bankruptcy today when I had filed a few years ago?  As is often the case, the answer depends on very particular circumstances.
If you filed a chapter 7 case [...]