Why Is It Called a Chapter 13? So you are facing a mountain of debt, but have some income. Your attorney or a friend has recommended that you seek protection under “Chapter 13.” But what does that mean? Why is it called a Chapter 13 bankruptcy, and … [Read more...]
WHAT DO JUDGES & TRUSTEES WANT BANKRUPTCY LAWYERS TO KNOW
On Wednesday, June 25th I was a panelist at a Bankruptcy Forum on What Judges and Trustees Want Bankruptcy Lawyers To Know. This full day program was organized by the National Business Institute. On the panel were Bankruptcy Judges Judith … [Read more...]
Why Is Bankruptcy Called Chapter 7?
What Is a Chapter 7 Bankruptcy? If you have been wrestling with a large amount of debt - and you don't see any way to pull yourself out of your financial problems - Chapter 7 could help you. Legal counsel, or a friend or family member, might have … [Read more...]
Feeling Good about Starting Over Debt Free
You Have the Right to Feel Good After Filing for Bankruptcy Protection Bankruptcy has gotten a bad rap. The media likes to portray celebrities who file for bankruptcy as failures, people who had it all and messed it up. Of course, the implication is … [Read more...]
Bankruptcy — A Financial Decision, Not an Emotional Decision
Keeping the Emotions Out of a Bankruptcy Filing When you are struggling to put your financial affairs in order, you need to focus on financial matters. Far too often, people will let emotions interfere with financial decisions — they won’t make … [Read more...]
Shame Relief and Bankruptcy
Don’t Be Ashamed of Filing for Bankruptcy — The Law Is There for a Purpose Shame is a common reaction from many people when they get to the point where they realize that a bankruptcy filing may be in their best interests. They are suddenly consumed … [Read more...]
The Fresh-Start Factor in Bankruptcy
Getting a Fresh Start in Bankruptcy When you have fallen behind in your financial obligations, there are times when you can put a plan in place and bring everything current within a reasonable period of time. But there are also situations in which … [Read more...]
The Shame Factor in Bankruptcy
Get Over Your Shame — The Bankruptcy Laws Are There to Help You What do these people have in common? Rembrandt van Rijn (the famous Dutch painter) Henry Ford Walt Disney Donald Trump Abraham Lincoln Johnny Unitas Michael Vick They all … [Read more...]
What is the Potential Impact of Misrepresentation in a Bankruptcy Proceeding?
When you are struggling to meet your financial obligations, and have sought bankruptcy protection, the temptation to falsify information can always be present. You may fear that the court won’t grant your petition, that you’ll again face the … [Read more...]
Will the Short Sale of Your Home Damage Your Credit Rating?
If you are behind on your mortgage and facing potential foreclosure proceedings, is it better to dispose of your property through a short sale (where you sell your home for the market value, even though it’s less than the amount remaining on the … [Read more...]