I have met with thousands of different people to discuss their financial situation. Usually during the first meeting I am trying to determine if bankruptcy is a good option for them. I am a bankruptcy attorney. My entire practice is built on filing Chapter 7 and Chapter 13 bankruptcy cases. However, many of the people […]
When filing bankruptcy you must provide a list of all of your assets in the schedules section of the bankruptcy petition. Assets include things like your car, house, television, clothing, and everything else you own. Assets also include things like life insurance policies, the right to collect a debt owed to you, and a cause […]
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 […]
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 […]
If you are experiencing financial difficulty and considering filing bankruptcy, one of the first decisions to make is whether to file bankruptcy by yourself or to file bankruptcy with your spouse. What you decide can have a long-term effect on your financial situation. Filing Bankruptcy without Your Spouse (aka Individually, Non-Filing Spouse) When a husband […]