Tag Archives: filing for bankruptcy
What You Can Expect at the Bankruptcy Creditor’s Meeting
Not long after you file your Chapter 7 or Chapter 13 bankruptcy petition, the court will appoint a trustee who will oversee the management of your case. In addition to reviewing your petition and various schedules you file, the trustee gathers information about your financial state. This includes presiding over a section 341 hearing — […]
If I Filed Bankruptcy Before, When Can I File Again?
In this roller coaster economy it isn’t hard to imagine a situation where someone may need to file for bankruptcy more than once. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) provides for multiple bankruptcy filings under certain conditions. While the BAPCPA does not establish a specific length of time to wait between […]
If You Intend on Filing Bankruptcy, Pay Attention to Your Account Balance
Filing for bankruptcy protection is a life-altering event. Like any other major change in life, planning ahead may help you experience a smooth process and ensure that you don’t end up in worse shape than you are now. One concern for people who are considering filing bankruptcy is how much of your property you may […]
Honesty and Integrity is the Best Policy to Avoid Bankruptcy Fraud
It is not uncommon for people, who are drowning in debt and endeavoring to make ends meet, to look toward bankruptcy for a financial fresh start. Dishonest debtors can taint the process by committing bankruptcy fraud. Debtors, who intentionally hide assets or property from the bankruptcy trustee or who fail to provide accurate information to […]
Why You May Want Credit Restoration After Filing Bankruptcy
Filing for bankruptcy can be an emotionally charged decision. You want to pay your debts, but the financial challenges can be overwhelming, especially in this economic climate. Filing for bankruptcy can lift the financial burden and provide a second chance for consumers with unmanageable debts. But how does a bankruptcy appear on your credit report […]
Avoid Bankruptcy Fraud
Faced with millions of dollars in debt exacerbated by high medical bills due to a serious heart condition, Grammy award-winning singer Toni Braxton filed for bankruptcy for the second time in 15 years. Ms. Braxton is now being accused of bankruptcy fraud after transferring more than $53,000 to her estranged husband, Keri Lewis. The trustee […]
What Debts Take Priority When You File Bankruptcy?
Will bankruptcy handle your most pressing debts? This is a major consideration when deciding whether or not to file bankruptcy. By law, not all debts are treated equally. Some take priority over others and get paid first. There are even certain debts that bankruptcy cannot eliminate at all. Suppose that your most pressing debt is […]
Avoid These Pitfalls When Filing for Bankruptcy
When you are in financial trouble, do not wait until the last minute to seek legal help. Some careful planning and working with a skilled bankruptcy lawyer can help you avoid certain pitfalls related to bankruptcy. Working ahead, at least several months before filing is often to your advantage. Here are common errors that can […]
How Does the Process Work When Claiming a Bankruptcy Exemption?
An exemption is a piece of property that you can hold back during a bankruptcy. Exemptions range from cars to work tools and states have their own list of possible exemptions. When filing bankruptcy, your bankruptcy lawyer ensures that your Schedule C lists all the bankruptcy exemptions that you want to claim. Exemptions not listed […]
