Every person who files Chapter 7 or Chapter 13 bankruptcy must eventually meet with a trustee. This meeting is referred to as the 341 Meeting, which is named after the section of the Bankruptcy Code where the meeting is described. It is also known as the meeting of creditors; however, in consumer cases creditors rarely […]
In Chapter 13 bankruptcy debtors file a plan proposing how they would like their debt reorganized. The plan may say that the debtor wishes to discharge certain debts without repayment while repaying other debts. A debtor can propose a plan saying just about anything but the plan isn’t binding until the plan is confirmed and […]
There are two ways that I usually file bankruptcy cases. The first method usually takes one to two weeks. I meet with my client initially during which I explain the bankruptcy process and determine whether it is in their best interest. If they decide to retain me to represent them in their case I give […]
Bankruptcy has several benefits, but for many debtors the biggest benefit is the ability to stop foreclosure of a home or repossession of a vehicle. The reason this is possible is because the Bankruptcy Code has an automatic stay provision which prevents creditors from pursuing collection of debt after bankruptcy is filed without the court’s […]
There are two types of consumer bankruptcy. Chapter 7 is what most people think of when they hear the word bankruptcy. Chapter 7 allows a debtor to discharge debt, which means that they are no longer responsible for payment to the creditors affected by the discharge. In return the debtor turns over all of her […]