Bankruptcy Filing
Credit Counseling Requirements in Bankruptcy
A Requirement of Filing: Credit Counseling Class In 2005 Congress adopted new bankruptcy laws known as the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), one of the requirements of this new law included at requirement for debtors to obtain credit counseling from a government approved organization within 180 days before filing for bankruptcy…
Read MoreFree Bankruptcy Consultation: What To Bring To Your Appointment
Make the Most of Your Free Bankruptcy Consultation! The following items will help me get to know you so that I can analyze your bankruptcy case as quickly as possible, and leave more of your free bankruptcy consultation to answer your specific questions bankruptcy and how it may affect you. The items requested are not meant to overwhelm…
Read MoreHeard a Bankruptcy Myth – Don't Believe It!
The Creatures of the Court and Tales of Discharge – Bankruptcy Myths Debunked No area of law is more fraught with myths than bankruptcy law. When you are considering filing you will hear all kinds of information which is half-true, misleading or outright false. Like a mythical mermaid which some say lure a sailor to…
Read MoreBankruptcy: Pre-filing Do's and Don'ts
Pre-Bankruptcy Do’s and Don’ts If your bills are pilling up and creditors are continually harassing you, but you are not sure that you will have to file bankruptcy, there are some Do’s and Don’ts which may protect some of your property if you do eventually file. DO Continue making payments on vehicles which you intend…
Read MoreBankruptcy: Post-Filing Do's and Don'ts
If I have already filed for Chapter 7 bankruptcy protection, there are some important Do’s and Don’ts which come into play during the pendency of your case. DO continue making payments on vehicles which you intend to keep. Creditors secured by a car or truck can usually repossess the vehicle without notice to you anytime…
Read MoreChapter 13 Bankruptcy: What Does My Attorney Do?
The Duties of the Chapter 13 Bankruptcy Attorney In a Chapter 13 bankruptcy, your attorney performs the following functions: Examines your financial situation and determines whether a Chapter 13 filing is a feasible alternative for you, and if so, whether a single or a joint case should be filed; Assists you in the preparation of a budget;…
Read MoreChapter 13 Bankruptcy: How does it work?
A Quick Review of Chapter 13 Bankruptcy Chapter 13 bankruptcy is part of the bankruptcy code under which a debtor may repay all or a portion of their debts under the supervision and protection of the bankruptcy court. During this time, creditors are prohibited from contacting the debtor and the debtor is protected from foreclosure, just as…
Read MoreWhich Bankruptcy Filing Is Right For Me?
Chapter 7 v. Chapter 13: Find the Right Bankruptcy Filing for You How are Chapter 13 and Chapter 7 bankruptcy filing? Creditors are prohibited from contacting you while under the protection of the automatic stay, which goes into place upon the filing of either chapter; and Completion of the Credit Counseling Class is required…
Read MoreOhio Bankruptcy FAQs
Got a bankruptcy question? – I got answers! What is bankruptcy? Bankruptcy is a federal law designed to provide a fresh start to debtors. A fresh start including freedom from harassing creditor phone calls, lawsuits, repossessions and garnishments. It is a privilege granted to you under the United States Constitution. It is a very powerful law because…
Read MoreWho's Filing for Bankruptcy?
College Graduates Filing Bankruptcy at Higher Rate A report by the Institute for Financial Literacy, finds that college graduates and people with advanced degrees are filing more often. In fact, since the passage of the Bankruptcy Abuse Prevention and Protection Act, holders of higher education degrees have increased their filings by about 20 percent. Despite the rise in…
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