The Executive Office of the U.S. Trustee announced today that it will resume auditing debtors in consumer bankruptcy cases starting May 12, 2008. One in 1000 consumer bankruptcy cases in each judicial district will be chosen for random audit, according to the program’s website.
The debtor audits were temporarily halted by the U.S. Trustee program [...]

Popularity: 8% [?]

One in 56 Tennessee households and one in 60 Georgia households filed for bankruptcy relief in the first quarter of 2008*, according to statistics recently released by the National Bankruptcy Research Center.
The national average was one personal bankruptcy per 119.1 households. Here is a list of the top 10 states for bankruptcy filings per [...]

Popularity: 10% [?]

A Kansas debtor can NEVER discharge debts to two objecting creditors, according to a recent decision by Judge Dale L. Somers in In Re Lina Buchanan Guebert, Case No. 07-41165, D.Kan. Bankr. April 2008.
The harsh order was the result of a long history of at least 12 bankruptcy cases in 12 years by Guebert. [...]

Popularity: 21% [?]

Senate Bill 2636 (introduced by Harry Reid, D, NV), which contains a provision that would allow a bankruptcy judge to modify a distressed home mortgage loan in chapter 13 bankruptcy, will be up for a vote by the full Senate this week.
Mortgage lenders are fighting this bill, which would help 600,000 Americans save their [...]

Popularity: 31% [?]

Giving away your money to your relatives before you file your bankruptcy case and lying on your bankruptcy paperwork may land you in federal prison, as this Wichita man learned out Friday.
A Kansas federal court jury found this former car dealer guilty of making a false statement and bankruptcy fraud. The man is awaiting [...]

Popularity: 25% [?]

A bill introduced in the U.S. Senate last night will change the bankruptcy law to allow judges to modify a debtor’s mortgage loan on his home. This bill will help families save their homes from foreclosure.
The proposed law, S.2636, eliminates a provision of the bankruptcy law that prohibits modifications to mortgage loans on the [...]

Popularity: 36% [?]

The bankruptcy rules advisory committee will meet March 27 and 28, 2008, in St. Michaels, MD. The committee reviews the federal rules of bankruptcy procedure and makes proposals for changes to the Judicial Conference of the United States.
The process is open to the public. Suggestions for rules changes may be sent to the [...]

Popularity: 13% [?]

Fellow blogger Susanne Robicsek told you what to expect at your meeting of creditors, nicknamed your 341 hearing. What will the trustee ask me, you wonder?
Here is the list of questions your trustee is required to ask you and a list of sample questions your trustee may ask you depending on the facts [...]

Popularity: 17% [?]

The figures used for your state’s median family income on the bankruptcy means test will change again for cases filed on or after February 1, 2008. A chart by state and family size is available on the U.S. Trustee website.
The numbers come from the U.S. Census Bureau and have been adjusted six times since [...]

Popularity: 23% [?]

The U.S. Trustee has suspended auditing debtors filing bankruptcy for now. Congress did not fund the audits in the 2008 appropriation. Alternate funding is being sought and audits will resume when funding is found, the Executive Office of the U.S. Trustee reports.
Debtor advocates testified before Congress October 2, 2007, that the audits have [...]

Popularity: 25% [?]