Blog Category: Filing bankruptcy

  One of the most important moments in a couple’s life is marriage. It also represents a bureaucratic moment, where a contract is signed, and from its rights and duties are agreed upon. Assets may be defined before the ceremony through a prenuptial agreement. When a union is involved, and property division is not defined,  … Read more

If you are considering filing for bankruptcy, you will enter into a legal proceeding, which means that you will hear legal terms that may be unfamiliar to you. Below is a list of common terms used during the bankruptcy case. It may help you understand the different terms and make the legal process less stressful  … Read more

It may be a wise idea to pre-plan if you are considering bankruptcy. There are some essential actions that you need to avoid before and after the filing, which may have a considerable impact on the outcome. If you un-knowingly or intentionally tried to hide assets or otherwise keep assets from being considered in your  … Read more

Facing a divorce as well as having overwhelming debt, can be a stressful matter. However, timing can be crucial. Discussing your options with a bankruptcy attorney can help you decide if it is better to file bankruptcy before or after your divorce. Filing for divorce before bankruptcy It may be a good idea to file  … Read more

If you are overwhelmed with debt, struggling to pay the bills and keeping food on the table, hiring a lawyer to handle your bankruptcy could seem like one more debt you can’t afford. When people are looking for ways to save money, they sometimes consider document preparation services for bankruptcy. Best Advice The documents are  … Read more

One of the requirements for a successful bankruptcy case is to attend the 341 meeting, also called the meeting of the creditors. Approximately 20 to 40 days after you submit your bankruptcy papers, you and your spouse, if filing jointly, will need to attend this meeting. Your attorney, trustee, and any creditors that have questions  … Read more

The bankruptcy code has two chapters for personal bankruptcy, Chapter 7 “liquidation” and Chapter 13 “reorganization” bankruptcy. An experienced bankruptcy attorney can help you determine which type is best for your unique situation. Chapter 7 Chapter 7 is bankruptcy in its simplest form. Chapter 7 is also called regular, straight, or liquidation bankruptcy. You can  … Read more

If you are considering bankruptcy and you’re self-employed, you may have more paperwork involved than the average filer. Proof of income will be your biggest challenge to provide to the bankruptcy court. If your figures are inaccurate, the judge may believe you are attempting to defraud the bankruptcy system. The court will need accurate income  … Read more

Before you can file for bankruptcy, you must attend a credit counseling court by a bankruptcy court-approved provider. You can find these providers listed on the US bankruptcy court website. When you complete the course, you will receive a certificate for you to file with the bankruptcy court with your bankruptcy petition. Counseling Certificate The  … Read more

Ever since 2005 to be eligible to file Chapter 7 bankruptcy, you must pass the means test. To determine your eligibility, you will fill out the form “Statement of Current Monthly Income and Means Test Calculation.” This test will determine if your income is equal to or less than the median income in your state.  … Read more