When you filed your Chapter 13 bankruptcy five years ago, the goal was to complete the plan and get a discharge. The “discharge” is the legal determination that all of your unsecured debts that remain after the plan are gone. The collection company or bill collector can no longer bother you or seek payment for … Continue reading Getting Your Chapter 13 Discharged
Can I Keep A Credit Card Out Of My Bankruptcy? The Bankruptcy Code requires a debtor to list all creditors in his bankruptcy schedules. However, a “creditor” is typically defined as someone to whom the debtor owes money. Specifically, 11 U.S.C. § 101(10)(a) defines a creditor as an “entity that has a claim against the … Continue reading Keep Credit Card Out Of Bankruptcy?
Budgeting After Bankruptcy (Part Two) by Russell A. DeMott, Charleston Bankruptcy Lawyer In “Budgeting After Bankruptcy (Part One),” I explained that the purpose of budgeting: to create wealth. It boils down to spending less than you make. The difference increases your net worth. But how do I do this? First, don’t sweat the small stuff. … Continue reading Budgeting After Bankruptcy (Part Two)
Five Signs That You Are Headed For Bankruptcy You know that you see the light at the end of the tunnel, but are you sure it is not the headlight of the oncoming train? Here are some sure signs that you are heading straight for bankruptcy Denial – Life is good, I my job is … Continue reading 5 Signs You’re Headed For Bankruptcy
Bankruptcy and the Unknown Asset 0inShare by Susanne Robicsek, North Carolina Bankruptcy Attorney If you are filing for bankruptcy but you have an asset that you don’t have information about, can you just put down “unknown” and leave it at that? That depends. The short answer is that you can file your bankruptcy case without all your … Continue reading Bankruptcy and the Unknown Asset
Bankruptcy, unlike other areas of the law, is an extremely personal decision that can cause a lot of stress and anxiety. For many consumers the need for bankruptcy assistance is obvious, but because of the stigma of bankruptcy and/or misinformation about the long term effects, many consumers put off finding help until there is no … Continue reading Find A Good Bankruptcy Attorney in 2012
Bankruptcy is a personal debt solution which is often avoided because of a lack of understanding about what it actually means. We consider the implications of declaring bankruptcy and when the solution should be used. For many people, just the thought of the word bankruptcy puts a shiver up their spine. Because of a lack … Continue reading Is Bankruptcy As Bad As It Sounds?
When a Chapter 13 bankruptcy plan gets confirmed by the Bankruptcy Court, the monthly payments you are supposed to pay to the trustee are set by the confirmation order. But they are not always set in stone. A Chapter 13 bankruptcy Plan can usually be modified if there is a significant and unanticipated change of circumstances, … Continue reading Chapter 13 Bankruptcy Payments – Lowered
A Chapter 7 Bankruptcy Debtor can strip a second mortgage in a Chapter 7 bankruptcy if they live in a jurisdiction under the 11th Circuit Federal Court of Appeals. Approximately two weeks ago, the 11th Circuit issued an opinion in In Re McNeal, Case No. 11-11352 (11th Cir., May 11, 2012) wherein it held quite … Continue reading Strip 2nd Mortgage In Bankruptcy?
Do you have a huge amount of debts? Are you in on the verge of losing your home or other valuable assets because of that? Filing for bankruptcy will prevent all these things from happening. It will give you time to talk to your creditors to get a better deal for yourself and will help … Continue reading How Not to Choose Bankruptcy Lawyer
