Myth Busted: Most Can Afford A Chapter 13 Plan

by Craig Andresen, Minneapolis, MN, Bankruptcy Attorney

One of the most stubborn myths about bankruptcy is the one which says that chapter 13 requires full payment of all your debts over 60 months.  If true, this would indeed rule out chapter 13 for most consumers.  After all, what good would come from being granted 60 months to pay off all your debts?  If you can’t [...]

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Bankruptcy Judges are Number ?

by Russell A. DeMott, Charleston Bankruptcy Lawyer

Being a judge isn’t a popular calling lately–at least during the Republican Presidential primary season. Courts are blamed for everything that ails society. For example, Republican Presidential contender Rick Santorum laid out his view that the judicial branch of government is the least important branch.  He explains his view by stating: Our founders intended for [...]

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Don’t Be Fooled By “Simple” Bankruptcy Forms!

by Adrian Lapas, Eastern North Carolina Bankruptcy Attorney

I saw that Katie Porter over at Credit Slips posted a blog that new, simplified forms for consumer bankruptcy cases are being considered by the Bankruptcy Rules Advisory Committee.  The proposed forms can be accessed here and start at page 189 through page 315.  One item of note is that the forms are being divided [...]

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Child Support Delinquency Will Hold Up Chapter 13 Discharge

by Jonathan Ginsberg, Atlanta Bankruptcy Attorney

It is a real accomplishment to complete your Chapter 13 case.  In an environment where jobs come and go, unexpected expenses can pop up and more than two-thirds of all Chapter 13 plans fail, anyone who fulfills the terms of his Chapter 13 plan should take pride in this milestone. Be aware, however, that making [...]

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Bankruptcy: What Are You Waiting For?

by Dana Wilkinson, Attorney at Law

Lately the same refrain keeps cropping up in my practice:  why did you wait so long?  I understand that very few people want to file bankruptcy, and I agree that the decision to file bankruptcy is an important one.  And while it is common to hear that bankruptcy should be a last resort, it is [...]

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Bankruptcy: One Bite at the Apple?

by Susanne Robicsek, North Carolina Bankruptcy Attorney

Bankruptcy is not always a one time event.  Unfortunately, despite the best efforts of many past bankruptcy filers, circumstances may come up where they face financial difficulties again. Few of us could have predicted the economic difficulties of recent years, nor the high amount of unemployment, or drop in real estate values. Many people think [...]

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