Bankruptcy Petition Preparers

Bankruptcy Petition Preparers

Anyone can be a bankruptcy paperwork preparer, there is no experience or training required. Having a criminal background also does not stop you from being a bankruptcy petition preparer (BPP). Regulations To regulate the BPP the U.S. Trustees office will review all bankruptcy petitions prepared by a BPP. The preparer must include their name, address,  … Read more

  Filed under: Filing bankruptcy


Creditors Objections to Chapter 13 Bankruptcy

Creditors Objections to Chapter 13 Bankruptcy

The most common objection in your Chapter 13 bankruptcy plan is that the plan is not in good faith. This is where the creditor feels you either are unable to make the payments or that you were not honest in your filing. Not Feasible The second most common objection from a creditor is that the  … Read more

  Filed under: Chapter 13


Bankruptcy Plan and Confirmation Hearing

Bankruptcy Plan and Confirmation Hearing

Once you attended the meeting of the creditors, your trustee may have asked you to modify your Chapter 13 bankruptcy repayment plan. Usually, modifications are needed if the trustee does not think you are being fair to your creditors by giving them more from your disposable income. A bankruptcy lawyer can help you with your  … Read more

  Filed under: Filing bankruptcy


The 341 Meeting in Chapter 13 Bankruptcy

The 341 Meeting in Chapter 13 Bankruptcy

The meeting of the creditors, often called the 341 meeting, will be held within 40 days after you file your bankruptcy petition. Most bankruptcy courts hold the meeting of the creditors just one or two days a month. Many other people will be at the federal courthouse at the same time you are, typically everyone  … Read more

  Filed under: Chapter 13


Basic Chapter 13 Filing Procedures

Basic Chapter 13 Filing Procedures

When you are filing your paperwork to the Federal bankruptcy court, you will need to follow the same procedures. Each district may want different forms, and in different orders, so you will want to ask your bankruptcy attorney or contact your local district to get the most up to date information. You can find the  … Read more

  Filed under: Chapter 13


Chapter 13 Bankruptcy Plan

Chapter 13 Bankruptcy Plan

The cornerstone of Chapter 13 bankruptcy is your repayment plan. This type of bankruptcy allows you to keep your possessions while giving you time to catch up on your debt such as your home or your vehicle. The basic rules are the same for making a plan in its simplest form, how much you make,  … Read more

  Filed under: Chapter 13


Where is the Bankruptcy Court?

Where is the Bankruptcy Court?

Bankruptcy falls under Federal law instead of the state you live in. So you will go to the federal court in your district. The federal court system is divided into judicial districts there will be at least one judicial district is in each state. You can file in whichever district: where you live and maintain  … Read more

  Filed under: Filing bankruptcy


Property in a Bankruptcy

Property in a Bankruptcy

Consumers that file bankruptcy are allowed by law to keep a certain amount of their property while going through the bankruptcy process. Both the state and federal exemptions allow some property to be exempt no matter what the value is. Most states allow you to keep your furniture, clothing, and wedding rings. In Texas and  … Read more

  Filed under: bankruptcy


Living Expenses in Bankruptcy

Living Expenses in Bankruptcy

When determining what your basic living expenses are in bankruptcy, you will list your expenses plus any dependent expenses you incur on a form to be submitted to the court. Rent or mortgage payment Utilities Gas Heating fuel Electricity Tv Cell phone Internet Home maintenance Food Clothing Laundry and dry cleaning Medical and dental expenses  … Read more

  Filed under: Filing bankruptcy


Types of Debt in Bankruptcy

Types of Debt in Bankruptcy

Classifying your debt to determine what category they fall into will help you, and your bankruptcy lawyer determine which type of bankruptcy will suit your needs the best. Secured Debt Secured debt is tied to a specific property. If you have a mortgage, the house will be the collateral. Your car will be the collateral  … Read more

  Filed under: Debt