Potential bankruptcy clients frequently ask: “My wife/husband does not want to file, if I do, is she/he required to file also?” Negative. Involuntary bankruptcy is provided for in the bankruptcy laws. It is a complex proceeding in which creditors band together to throw a corporation or individual into Chapter 7 bankruptcy so they can get [...]
filing
The other day I spoke with a young couple with a history. The wife and her best friend had been friends since they were five years old. They had grown up next to each other and were otherwise always together. When the house next door came available for purchase (at the top of the market) [...]
Bankruptcy – it’s easy, right? Anyone can do it, right? Read on. So, intrepid readers, we are still learning how to file for bankruptcy. We’ve gotten just part way through the second page in this, our third installment. After you read this third installment, you’ll almost be done with page 2 of your bankruptcy papers. [...]
Bankruptcy and the credit counseling requirement – what is the difference between the credit counseling required before I file for Chapter 7 or Chapter 13 and a debt management plan (DMP)? The revisions to the bankruptcy code passed in 2005 require that before you file a case under Chapter 7 or Chapter 13, you must [...]
