When it comes to payment plans for Chapter 7 cases, all fees and costs must be paid before the case is filed. At first glance, this may disappoint you, but most people it’s not a problem. The payment plan period usually overlaps with the pre-filing process. In other words, you and your lawyer need time [...]
Your Bankruptcy Attorney & You
How do you go about choosing your bankruptcy lawyer? Most people never expect to be faced with bankruptcy. Then there’s the embarrassment factor. Facing bankruptcy is not something that most people are anxious to share with friends and neighbors. It’s not like asking for advice about a hairdresser or lawn service. So how do you [...]
Let’s say you file chapter 7 bankruptcy, and you want to keep paying your vehicle loan and thereby keep your vehicle. The bank sends your bankruptcy lawyer a “reaffirmation agreement,” which is a pre-printed official form issued by the bankruptcy courts. It states that you are continuing to pay the monthly payments on your car loan, and [...]
So, you’re in a Chapter 7 bankruptcy and you want to know whether you should reaffirm your car loan. A reaffirmation agreement basically takes a secured loan, like a car loan, outside the effect of your bankruptcy discharge. As to that one debt, it’s like you never filed bankruptcy. You filed Chapter 7 bankruptcy in [...]
There are two very important statutes that serve to protect consumers from some of the consequences of too much debt. The first is the United States Bankruptcy Code. Obvious enough since this is the Bankruptcy Law Network. The other statute is the Fair Debt Collections Practices Act or FDCPA. Both statutes individually can help consumers [...]
“I just got served papers for a repo car from 2007. I made copies of it for my paperwork, but I am not sure what to do.” I just got this message from a client. The office is working with him to prepare his chapter 7 bankruptcy filing but he is not yet ready to [...]
