In general, the only bankruptcy debtors I come into contact are my clients. Every once in a while I get a call from another attorneys client asking for advice. I also overhear what debtors say to each other at the… Continue Reading
When a bankruptcy case is filed an automatic stay goes into effect. The automatic stay stops all collection efforts on behalf of creditors. Typically debtors file bankruptcy to discharge debt and to protect secured property from repossession or foreclosure. However,… Continue Reading
The 341 meeting of creditors is a meeting a bankruptcy debtor attends with a trustee. These meetings usually take place about 4 to 6 weeks after the case is filed. Debtors must bring their driver’s license and social security card… Continue Reading
The date and time of the filing of a bankruptcy case is significant for several reasons. For example, foreclosures or sales of repossessed property that are scheduled after the filing date are stayed, meaning they cannot go forward. Another important… Continue Reading
In Chapter 13 bankruptcy cases debtors file a plan to reorganize their debts. These plans are three to five years long and address all of the claims against the debtor. Simply filing a plan doesn’t change the rights of the… Continue Reading