Category: Life After Bankruptcy
By Michael Doan on May 4, 2008 in Bankruptcy Myths, Bankruptcy Practice and Procedure, Benefits of Bankruptcy, Chapter 11 Bankruptcy, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit Cards, General Bankruptcy Information, Life After Bankruptcy, Reaffirmation of Debts | 1 Comment
When you file for Bankruptcy, what do you do if you want to keep some credit cards? Hide them from your attorney? NO! Such “Bankruptcy Fraud” is not worth 5 years in jail and/or 1/2 million dollar fine! Instead, it depends.
If you liked that post, then try these…The 2005 Bankruptcy Act: Bankruptcy [...]
Popularity: 13% [?]
By Michael Doan on May 4, 2008 in Bankruptcy Myths, Bankruptcy Practice and Procedure, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Protection, General Bankruptcy Information, Life After Bankruptcy, Role Of The Lawyer, Venue and Qualifications | 1 Comment
There is no limit on the number of bankruptcy cases that one may file. In fact, there is no limit in between time frames to file bankruptcy. Nevertheless, if sufficient time between filings does not take place, you may be not be eligible for “discharge.”
If you liked that post, then try these…When Do [...]
Popularity: 11% [?]
By L. Jed Berliner, Springfield Bankruptcy Attorney on Apr 28, 2008 in Bankruptcy Cases of Interest, Bankruptcy Practice and Procedure, Featured, Life After Bankruptcy, Massachusetts | 0 Comments
She didn’t want to totally destroy her credit, so she didn’t list five credit cards with small balances. Sound familiar? Perhaps you’ve had this thought.
Bankruptcy papers are signed under penalties of perjury, and are the same as live testimony in court. If you knowingly leave something off, you’ve lied and your bankruptcy [...]
Popularity: 15% [?]
By Michael Doan on Apr 20, 2008 in Bankruptcy Legislation, Bankruptcy Practice and Procedure, Chapter 7 Bankruptcy, Debt Collector Abuses, Discharge Violations, General Bankruptcy Information, Lawyer to Lawyer, Life After Bankruptcy, Reaffirmation of Debts, Redemption of Assets, Surrendering Property | 1 Comment
Recently, the Bankruptcy Appellate Panel ruled that ride-through no longer existed in light of the recent changes to the Bankruptcy Code under BAPCPA. Nevertheless, they entirely ignored my 11 USC 365(e) argument and it’s presently before the Ninth Circuit Court of Appeals.
Popularity: 28% [?]
Popularity: 28% [?]
By Carmen Dellutri, Attorney at Law on Apr 16, 2008 in Benefits of Bankruptcy, Florida, General Bankruptcy Information, Life After Bankruptcy | 0 Comments
Recently, the Administrative Office of the United States Courts released the bankruptcy filing information for 2007. Personal bankruptcy filings reached 822,590 and business bankruptcy filings reached 28,322, for a total of 850, 912. The number of bankruptcy filings rose approximately 38% over the 2006 number of 617,660 filings. I would like to say that I am shocked [...]
Popularity: 14% [?]
By Michael Doan on Apr 6, 2008 in Bankruptcy Myths, Bankruptcy Practice and Procedure, Benefits of Bankruptcy, California, Chapter 7 Bankruptcy, General Bankruptcy Information, Life After Bankruptcy, Personal Finance, Personal Property, Reaffirmation of Debts, Surrendering Property, Vehicles | 0 Comments
In most cases, No. In most cases, the value of the car is significantly lower than the debt against it. Sort of like our housing market……and look at the mess thats causing in real estate since values are now less than the loans securing it! So if you don’t want to go bust like all [...]
Popularity: 41% [?]
By Peter Orville, Attorney at Law on Mar 17, 2008 in Bankruptcy Practice and Procedure, Benefits of Bankruptcy, Chapter 13 Bankruptcy, Choosing Bankruptcy Attorney, Foreclosure Issues, General Bankruptcy Information, Life After Bankruptcy, Mortgages, Protecting Assets In Bankruptcy, Role Of The Lawyer | 0 Comments
Unlike a Chapter 7, if your spouse files a Chapter 13 bankruptcy, your real property, even if it has exposed equity, will usually not be taken by the trustee. As long as your spouse’s creditors get at least as much through the Chapter 13 case as they would have received if it was a Chapter 7 [...]
Popularity: 36% [?]
By Michael Doan on Mar 9, 2008 in Bankruptcy Myths, Bankruptcy Practice and Procedure, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Collection Issues, Consumer Protection, Credit Reports, Discharge Violations, General Bankruptcy Information, Life After Bankruptcy | 0 Comments
In my first Blog, we explained the differences between in personam and in rem liability and how a discharge affects in personam liability, but not in rem liability. In this part II, we get a little more technical on what the elimination of the in personam liability is all about.
If you liked that post, then [...]
Popularity: 48% [?]
By Michael Doan on Mar 9, 2008 in Bankruptcy Myths, Bankruptcy Practice and Procedure, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Collection Issues, Consumer Protection, Debt Collector Abuses, Discharge Violations, Discharge, What Can and Cannot Be Forgiven, General Bankruptcy Information, Life After Bankruptcy | 1 Comment
What the heck does that mean? Sounds like Latin. Well, it is. And it is the this very threshold foundation of Bankruptcy that sometimes confuses people the most. When one gets a discharge, what exactly does that mean?
If you liked that post, then try these…When Do I Know Its Right To File For Bankruptcy? [...]
Popularity: 56% [?]
By Douglas Jacobs, California Bankruptcy Attorney on Mar 8, 2008 in Bankruptcy Practice and Procedure, Benefits of Bankruptcy, General Bankruptcy Information, Life After Bankruptcy | 0 Comments
It’s frustrating. You went through the process, complied with everything your lawyer and the bankruptcy trustee said to do, and there’s still a lien on your home. The debt was discharged. Even the credit report shows it was included in the bankruptcy. But the lien is still there.
Well, there are three types on liens that [...]
Popularity: 19% [?]
