You just filed a bankruptcy.  You thought everything was under control.  Now you got a letter from the bankruptcy court.  Inside that letter is a notice from the court.  This notice contains all sorts of important things and you should read it.
What is in the notice? If you file a Chapter 7 Bankruptcy the notice [...]

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 [...]

frequently asked bankruptcy questions
bankruptcy eligibility test changes November 1, 2009
converting from chapter 13 to chapter 7
I don’t qualify for chapter 13
chapter 13 may be your best option
video:  the six chapters of bankruptcy

Recently I posted a Blog on the unfavorable In re Martinez decision recently handed down by the Ninth Circuit BAP on October 5, 2009.  Well, the Ninth Circuit BAP did it again that same day in another case with a slightly different twist in the Smith matter.

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 [...]

Chapter 13 bankruptcy provides a powerful tool  — You can provide for special treatment of co-signed debt, allowing it to be paid more than other similar creditors.  In this way, you can “protect” your co-signer from having to repay part or all of the debt you incurred with their help.
But what happens when you owe [...]

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 [...]

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 [...]

What will they ask me at my bankruptcy hearing?

If a creditor files a proof of claim in a Bankruptcy Proceeding, it is deemed allowed unless you or another interested party objects.  So what does “allowed” mean and what are its ramifications?