Bankruptcy Law Network
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The United States House of Representatives passed H.R. 5827 which allows gunowners to exempt up to $3,000.00 in value in firearms. A comparable version is pending in the Senate now. This is big news right? Not really.
First, putting aside the fact that the Senate must pass this legislation and the president must sign it, so [...]
You are thinking that you may need to file bankruptcy but you are concerned that you do not have the money for a bankruptcy lawyer. You are wondering whether you can afford to pay a qualified attorney to handle your case for you. Perhaps the better question is–can you afford not to!
Just recently, I learned [...]
You live in one county, you are considering an attorney in a different county — does it matter? Do you have to see an attorney in the same county you live? (This is part of what you might be considering when you consider who to hire… for other considerations, see these posts: Wendell Sherk’s Shopping [...]
Filing a Chapter 13 bankruptcy lets you do things you couldn’t otherwise do in a Chapter 7 bankruptcy. One of the things you can do is “cram down” a vehicle. It sounds a little violent, and I’m sure it feels that way to an auto lender.
Here’s how it works. Let’s say you owe $20,000 on [...]
I know you’ve heard it before (and it’s been written about before, e.g., here, Jay Fleischman’s Where Do You Find Credible Bankruptcy Information), but I just finished meeting with a new client — she almost hadn’t come, having emailed me yesterday saying she had done research on the internet and concluded she could not do [...]
When you file a Chapter 7 or Chapter 13 bankruptcy case, a Trustee is appointed to administer your case. This person is an independent contractor who works for the Office of the U.S. Trustee in the Department of Justice. Although they are commonly attorneys, there is no requirement that you be admitted to practice law [...]
Elizabeth Warren is being proposed by some as the best choice to head the new Bureau of Consumer Financial Protection, as discussed here in a New York Times editorial, as well as here at a USA Today article. Who is she? The short answer is that she’s a bankruptcy expert at Harvard Law School, and [...]
One question we’re often asked is what the minimum debt amount is to allow someone to file for bankruptcy. The answer is very simple: there is *no* minimum debt amount to be eligible to file. This is true for Chapter 7, Chapter 11, Chapter 12 and Chapter 13.
How did the rumor that you need to [...]
Yes, you can pay your creditors after you received a bankruptcy discharge. Nothing prohibits you from voluntarily paying your creditors, either one or two creditors that are important to you, or all of them. Of course, as a bankruptcy lawyer, it begs the question– if you want to pay your creditors and assuming that you [...]
It is not necessary to have a job to file a Chapter 7 bankruptcy. In fact, the filing of Chapter 7 is probably one of the few instances in your life where it helps to not be employed.
When a Chapter 7 is filed, the debtor must show that they do not have enough income available [...]
