Click Here To Receive FREE Email Updates!

Category: Chapter 7 BankruptcyRSS Feed for Chapter 7 Bankruptcy

Hiring the Right Bankruptcy Lawyer: Priceless »

In my small state of Rhode Island, there are 5,878 licensed attorneys.  RI only has a population of 1,050,788 people.  That is one lawyer for every 178 people. 
Because each attorney is licensed in the general practice of law, he can represent just about any matter that comes through the door. He can handle a murder [...]

Who Decides About Reaffirming a Mortgage? »

Much has been written on this blog about “reaffirmation” – the process by which a Chapter 7 debtor formally and in writing agrees to opt out of the protections inherent to a bankruptcy discharge and assume again contractual liability for secured (or unsecured) debts like mortgages and vehicle loans.
You should always speak to your lawyer [...]

What does a Chapter 7 Flowchart Look Like? »

There are thousands of bankruptcy attorneys out there throughout the United States practicing bankruptcy law. While each may run his or her practice a little differently than the others, they are all still bound by the same federal laws found under Title 11 of the US Code.  Accordingly, each chapter 7 case is more or [...]

Attacking Financial Problems With Timely Advice »

We all handle medical problems differently.  Go to any Emergency Room and you may wonder why the guy experiencing chest pains for the past week didn’t come in earlier and why the kid with the splinter is there at all.
Financial problems are the same.  Some delay getting financial counsel, while others are pro-active and want [...]

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 [...]

What Is This Notice I Just Got From The Bankruptcy Court »

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 [...]

Bankruptcy Exemptions in New York State »

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 [...]

Video: What Types of Bankruptcy May I Chose? »

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

Average Income for Bankruptcy Eligibility Test Drops »

According to the United States Department of Justice, U.S. Trustee program, Americans make less money today than eight months ago.
In order for bankruptcy practitioners to determine whether a person or couple qualifies for Chapter 7, we look to the latest median income figures periodically published by the U.S. Trustee.  Normally, and as anyone would expect, [...]

My Bankruptcy 341 Meeting of Creditors Is Coming Up — What Should I Expect? »

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 [...]