Chapter 7 Bankruptcy

29 May How To Fill Out The Reaffirmation Agreement And Cover Sheet in Five Easy Steps

To reaffirm a debt in bankruptcy you must ask your creditor to send you reaffirmation paperwork, consisting of a Reaffirmation Cover Sheet, a Reaffirmation Agreement, and a Motion For Approval of Reaffirmation Agreement. The creditor should fill in most or its entire portion of these papers before sending you the documents. Here are Andy Miofsky’s Five Easy Steps for you to complete the debtor portion:
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30 Apr Divorce during Bankruptcy

One of the leading causes of marital conflict involves money, or lack thereof. If you and your spouse filed a joint bankruptcy and you are now considering divorce, your respective financial positions may be at odds with each other. One person may want the house, one may not. Both may want the same vehicle. Who will pay, who will not. Think about that for a moment, if you cannot agree to get along in marriage, will you be able to agree to do the things necessary to complete your case after you divorce. This situation places the attorney squarely in a potential conflict of interest between both spouses. An attorney cannot serve two masters. [caption id="attachment_28861" align="alignleft" width="176" caption="Conflict resolution"][/caption] This conflict does not exist if only one spouse is represented in bankruptcy unless the attorney also has an attorney client representation arrangement with the other spouse on some other matter. In a joint bankruptcy case, the attorney represents both parties. That attorney cannot ethically pick and choose sides or plan strategy favoring one client against the other. Even if you only want a simple question answered, a conflict of interest prevents the attorney from providing one spouse advice that could hurt the other spouse. So what do you do?
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27 Apr How to Afford Bankruptcy

Bankruptcy can be affordable. It requires a lot of money to file for bankruptcy protections. It costs lots more than before the 2005 revisions, which doubled the expenses and work for no additional benefit. Here’s how to make it affordable. Chapter 7 cases are over in three...

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