Bankruptcy almost always comes on the heels of mounting debt or financial crisis. That means there isn’t much money left to go toward court costs, attorney fees, and other expenses related to the bankruptcy process. In the face of monthly payme… Read More

Some people know that a Chapter 13 bankruptcy can save their most treasured assets. They may have heard that Chapter 13 can be “better” than Chapter 7. Depending on your circumstances, that could be true, or false. How can you tell if you… Read More

A Chapter 7 bankruptcy begins upon filing a bankruptcy petition. Once the petition is filed, the court will issue a case number and an automatic stay is invoked. The automatic stay prohibits creditors from collection activity. This affords the Debtor… Read More

The confirmation hearing is a date set by the court to approve the plan. When filing Chapter 13 bankruptcy two dates are set for hearing. The first is the 341 hearing also known as the First Meeting of Creditors. The purpose of the first meeting is t… Read More

It depends. The overpayment owed to the unemployment agency along with penalties and interest can be discharged in bankruptcy if filed under chapter 13, which requires a 3-5 year reorganization plan. In Chapter 7, while the underlying overpayment is… Read More

An issue that frequently confuses clients is what debts are actually discharged in bankruptcy. This issue arises because all debts or liabilities a client has must be schedules on the Debtors’ petition. Approximately 3 months after filing bankruptc… Read More

In order to prepare a petition under Chapter 13 or Chapter 7 bankruptcy, the client will need to provide certain documents. Although each case is different some of the typical documents needed are as follows: Required Documents for Chapter 13 or Chap… Read More

If you owe the government money (social security overpayment, student loans, etc. . . ) and they owe you a tax refund, the government can keep your tax refund to satisfy part of the debt you owe. This is called a set-off. A valid set-off is not subje… Read More