Recent Blog Entries

State of our economy – what should you do now?

I just read an economic survey indicating that there probably never was an economic recovery and this is not an ordinary recession. The article indicated that despite the amount of time, taxpayer dollars, and governmental effort pumped into our economy, the results are just not there.
The mortgage modification program is a complete disaster, despite promises of relief for homeowners, the Federal Reserve reports that only a very few are getting relief. People are still losing their homes. The number of families filing bankruptcy increases every year.

Can I avoid Chapter 7 liquidation by putting my property in other people’s names before filing?

You may want to think twice about transferring property to family or friends before filing for bankruptcy. In some cases, transferring property before filing bankruptcy can result in a lawsuit objecting to your discharge. That’s right, the bankruptcy trustee can sue you to recover the property you’ve transferred.

I Can’t Complete My Chapter 13 Plan, Can I Still Get Debt Relief?

As I have discussed previously at the National Bankruptcy Forum, a Chapter 13 Bankruptcy is also called a wage earner’s Plan. It enables people with jobs to develop a plan to repay all or part of their debts when they’re having trouble. Under chapter 13, debtors propose a repayment plan to make installments to creditors over three to five years. If the debtor ’s current monthly income is less than their state’s average, the repayment plan will generally be for three years.

How Quickly Will I Receive A Discharge Once My Chapter 7 Case Has Been Filed?

In most consumer bankruptcy cases, the discharge of debts is the primary reason for filing the case. Whether the bankruptcy is motivated by overwhelming credit card debt, medical bills that are simply too much or some other issue, most debtors anxiously await the discharge and the chance to start over that it provides. The timing of the discharge varies from case to case. 

How Many Times Can I File for Bankruptcy and Receive a Discharge?

While you can file bankruptcy as many times as you like, “wiping away” debts and getting a fresh start through the bankruptcy discharge is the primary goal of most debtors. The question therefore is not really “how many times can I file for bankruptcy?” as much as it is how often can I receive a discharge of debts through bankruptcy. Once their bankruptcy petition is filed, most people want to know: when will I get my discharge?

Should My Corporation File for Chapter 7 Bankruptcy?

When an individual is considering filing for bankruptcy they often want to know whether their corporation should file as well.

Reaffirmation Agreements: the Legal Impact

Understand Your Reaffirmation Agreement Before You Sign……

Bankruptcy Pleading Requirements In Light of Ashcroft

As discussed here, an adversary proceeding is essentially a civil complaint filed in the bankruptcy court.