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Beware of Refinancing and Bankruptcy »

Refinancing can be a fraudulent transfer in bankruptcy

How Does A Chapter 13 Bankruptcy Trustee Get Paid? »

A Chapter 13 is a bankruptcy reorganization for individuals–a payment plan, in other words.  The bankruptcy court appoints a trustee (there are standing trustees who serve that function in each district) and the trustee collects payments from debtors, and distributes that money to creditors. So, how does the Chapter 13 trustee get paid?
The Chapter 13 [...]

Tell the Truth in Bankruptcy »

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, [...]

I Can’t Make It to My Creditors Meeting — Now What Do I Do? »

There really are few reasons which are good enough to justify rescheduling a bankruptcy meeting of creditors (or section 341(a) meeting).  After all, the bankruptcy filing amounts to “making a federal case out of things,” and it just doesn’t seem right for the debtor to fail to make room in his or her schedule to [...]

Oregon’s “Means Test” Median Income Figures Change November 1, 2009 »

Oregon residents will be affected by the new means test/median income numbers announced by the United States Trustee Program Department of Justice. The numbers are adjusted periodically by the U.S. Trustee Program and generally have a negative impact on those wishing to file a Chapter 7 bankruptcy.

Are Attorney Fees Still Recoverable in the 9th for Stay Violations? »

On October 1, 2009, the Ninth Circuit Court of Appeals issued its decision in Sternberg v. Johnston, No. 07-16870 wherein it affirmed a stay violation under 11 USC 362, yet held that attorney fees were only recoverable related to enforcing the automatic stay and remedying the stay violation, and not in the litigation of damages.  In [...]

Attorney-Client Privilege Not Eroded By Textron Case »

attorney client privilege in bankruptcy applies

I Am In Jail, Can I Still File Bankruptcy? »

If you are sitting in jail wondering if you can file bankruptcy then your search is over.  The answer is yes if you otherwise qualify for bankruptcy relief under the code.  Just because you are sitting behind bars does not prevent you from accessing the Bankruptcy Court.   Depending of where you are located will depend [...]

Unwritten exemptions benefit debtors »

The law that defines what you can keep despite filing bankruptcy is found in law books, you’d think. There are two alternate sets of  California exemptions in the Code of Civil Procedure. The state law exemptions, for instance, permit the debtor to keep $2550 in equity in vehicles, while the California bankruptcy exemptions allow $3300.
But [...]

Bankruptcy Means Test: Unfavorable Decision in Ninth BAP »

On October 5th, 2009, the Ninth Circuit Bankruptcy Appellate Panel (BAP) published its decision in In re Martinez, wherein it concluded that debtors who strip junior liens off mortgages are not entitled to deduct those payments from the chapter 13 projected disposable income test.  While the decision was ordered published, the 3 judge panel disagreed with each [...]