Blog Category: Filing bankruptcy


Pending Legal Action and Bankruptcy

Pending Legal Action and Bankruptcy

If you have gotten behind in your payments and your debt is getting larger with late fees and penalties, you may want to consider filing bankruptcy. If you are starting to get warning letters of pending legal action regarding your debt, talking to a bankruptcy attorney is a significant step to protect your assets.  Notice  … Read more

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Who Can File Bankruptcy

Who Can File Bankruptcy

Anyone that lives or has a property in the United States has the right to file bankruptcy. Some things that may prevent you from getting a discharge are: If you abuse the bankruptcy system or conduct fraud to get out of paying your debt If you have substantial income that you could pay your creditors  … Read more

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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

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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

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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

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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

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What Happens After You File Bankruptcy

What Happens After You File Bankruptcy

After you file your bankruptcy paperwork, you may wonder what happens next. As soon as you submit your petition with the court, the first action is the automatic stay goes into effect. Automatic Stay The automatic stay stops all collections attempts from being taken against you. All phone calls and letters must stop. If a  … Read more

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Fresh Start With Bankruptcy

Fresh Start With Bankruptcy

For people who are struggling with their debt, filing bankruptcy can give them a fresh financial start. If you have no hope of paying back everything you owe, you might want to consider talking to a bankruptcy attorney. Automatic Stay As soon as you file your bankruptcy paperwork, an automatic stay goes into effect. This  … Read more

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Confirmation of Plan in Bankruptcy

Confirmation of Plan in Bankruptcy

Chapter 13 bankruptcy is for reorganizing your debt without losing any of your property. A payment plan will be worked out to repay any past debt while continuing to pay your current bills. When you file Chapter 13 bankruptcy, the court will hold a confirmation hearing. The hearing is where the court decides to confirm  … Read more

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Proof of Claims in Bankruptcy

Proof of Claims in Bankruptcy

A proof of claim is a document filed in the United States bankruptcy court. The document is to register a claim against the assets of the debtors. The claim will list the amount owed as of the date of the bankruptcy and if relevant, any priority status. All creditors that wish to get paid must  … Read more

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