The §341 Meeting, also called the meeting of creditors, is a meeting that takes place around 20 to 40 days after your bankruptcy case is filed. At this meeting the case trustee assigned to your case, and any creditors who wish to attend, will be present. The case trustee will ask you a series of [...]

Be sure to tell the truth, the whole truth and nothing but, when it comes to advising your attorney about your financial picture.
When meeting or speaking with your attorney you will often be asked a number of questions. Each question asked by your attorney, is being asked because it is relevant to your bankruptcy case, [...]

When filing bankruptcy, a client’s first question often involves whether or not they can keep things they own, like their home, their car, or their 401(k).
These questions are important, and the answer to the question is two-fold:
1. Is there a lien against the property?
2. If no lien exists, what Bankruptcy Exemptions are available?
If there is [...]

Chapter 13 Plans must be proposed to last a minimum of 36 months, and a maximum of 60 months. Three to five years is a long time!
And a lot can change during that time.
As plans are proposed and confirmed by the court based upon your set of circumstances at that time, it is possible that [...]

Chapter 13 has always been an option for individuals, couples, and sole proprietors (not corporations) who are struggling financially.  Since the changes to the Bankruptcy Code under BAPCPA in 2005, more people may have to opt to file Chapter 13 rather than Chapter 7.
When a debtor’s income exceeds the state’s median income, he may not [...]

Chapter 7 Bankruptcy, also called “Straight Bankruptcy” allows a debtor to discharge, or wipe-out, dischargeable unsecured debts. Unsecured means that there are no liens against property you own, given in exchange for the debt. Examples of unsecured debts are credit cards, medical bills, professional’s fees, or personal loans. However, most student loans, and many taxes [...]

Everyone’s financial situation is different, but there are a few indicators that your finances are already in trouble, or on a fast track there. Often people do not realize the seriousness of their financial situation because of they are living week-to-week. It is important to take a step back and assess your financial situation, to [...]

Is your financial situation desperate? The Bankruptcy Code may be available to provide you with the “fresh start” you need.
We see people in our offices everyday-good, hard-working people-who have fallen on tough times for one reason or another. Maybe a job loss or an illness has reduced your income. Or, you have been through [...]