I had a client come in to see me recently.  She had received a notice from a Chapter 7 Trustee that the Trustee was going to hire a real estate agent to market and sell the client’s house.
The client had not filed for bankruptcy, so how was this possible?
The answer became apparent after reviewing the notice from the [...]

In his article “Is Filing Bankruptcy Embarrassing?”, Illinois Bankruptcy Attorney, Andy Miofsky points out a number of reasons why you should not be embarrassed about filing for bankruptcy, one of which is the fact that major corporations routinely file for Chapter 11 bankruptcy as a way to get their debt under control.
Comcast.net Entertainment points out [...]

In determining when to file a bankruptcy consideration should be given to whether you have made any transfers which can be reversed.  In certain situations the Trustee or a Creditor may be able to recover property or money that has been transferred and have those assets brought back into the bankruptcy estate to be available [...]

R. Michael Bolen, the U.S. Trustee for Region 5, has announced that debtors filing for bankruptcy in the Eastern District of Louisiana must begin to take Credit Counseling and Debtor Education beginning on September 16, 2009.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) required all debtors to take credit counseling before filing [...]

One of the areas of the Bankruptcy Code that was significantly changed by the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was the placement of a dollar cap on the amount of a homestead exemption that a debtor could claim based upon the length of time that the debtor owned the home.

 In an effort to streamline the procedure necessary to file certain motions as ex parte motions in the
Bankruptcy Court for the Eastern District of Louisiana, the Court recently entered Standing Order 2008-2.
Standing Order 2008-2 amends Local Bankruptcy Rule 9013-1(D) which previously required the moving
party to obtain the permission of all interested parties before filing an ex [...]

S. J. Beaulieu, Jr., the Chapter 13 Trustee for the Eastern District of Louisiana announced that effective on October 1, 2008 the trustee’s fee for administering a Chapter 13 bankruptcy would be set a 6.7%.
The trustee’s fee in a Chapter 13 bankruptcy is based upon a percentage of the gross amount collected from the debtor.  Kansas [...]

This article updates a previous list of the Chapter 7 Bankruptcy Trustees for the Eastern District of Louisiana.
The current Chapter 7 Bankruptcy Trustees are:
David V. Adler
P.O. Box 55129
Metaire, LA 70055
E-mail: adler_d@bellsouth.net
Phone: (504)834-5465
Wilbur J. Babin, Jr.
3027 Ridgelake Drive
Metairie, LA 70002
E-mail: wjbabin@wjbabin.com
Phone: (504)837-1230
 
Aaron E.L. Caillouet
104 Acadia Lane
Thibodaux, LA 70301
E-mail: aarontr@charter.net
Phone: (985)446-1284
 
Michael Chiasson
P.O. Box 1666
Mandeville, LA 70470-1666
E-mail: mikesfigment@aol.com
Phone: [...]

Effective October 1, 2008 the amount that a person can earn before they might have to file a Chapter 13 bankruptcy was changed.  Known as Median Family Income or “The Means Test”, this dollar amount is the first step in determining whether or not a Chapter 13 bankruptcy may be necessary.
Beginning October 1, 2008 the amounts [...]

R. Michael Bolen, the U.S. Trustee for Region 5, has determined that the moratorium on bankruptcy counseling and debtor education should continue in the Eastern District of Louisiana, which includes the Greater New Orleans area.
One of the more controversial measures added to the Bankruptcy Code with the passing of the Bankruptcy Abuse Prevention and Consumer Protection Act of [...]