The Bankruptcy Code allows debtors in bankruptcy cases to use their tithing and charitable contributions as a deduction on their means test. The means test is used to determine eligibility for discharge in Chapter 7 bankruptcy and in calculating the payment in a Chapter 13 bankruptcy case by determining how much disposable income is available… Read More »
During the course of every Chapter 7 and Chapter 13 bankruptcy case, the debtor is required to attend a meeting with a trustee. This meeting is called the 341 meeting of creditors. The name comes from the section of the Bankruptcy Code that states that the meeting must take place. Creditors are allowed to attend… Read More »
When you are in bankruptcy you are expected to be frugal with your money. This means that if you have unnecessary monthly expenses for luxury items the Chapter 13 trustee and judge may oppose approval of your Chapter 13 plan. Luxury items include but are not limited to, a boat, a motorcycle not used as… Read More »
I have found that bankruptcy cases are more difficult for my clients with high income for two reasons. First, they are used to living a certain way, and sometimes feel entitled to their lifestyle and insulted that I would suggest they slim down their budget. Success in Chapter 13 bankruptcy requires self-discipline and a willingness… Read More »
There are many different deadlines in bankruptcy cases. These deadlines include but are not limited to the time allowed to file objections to confirmation, objections to claims, notice of hearings, and proof of claims. When a party to the bankruptcy believes they are going to miss a deadline they can ask the court for additional… Read More »