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One of the most important protections bankruptcy affords - and one could make the argument that it is the most important - is the protection afforded debtors in the form of the automatic stay. Pursuant to 11 U.S.C. 362, the filing of a bankruptcy case automatically operates ...
Read MoreWhen you are preparing to file bankruptcy, it is best to discuss with your bankruptcy attorney whether you have any judicial liens against your ...
View MoreIn some Chapter 7 bankruptcies, particularly those where assets are found and thus available for distribution to unsecured creditors, and all Chapter ...
View MoreThe filing of Chapter 13 has an interesting effect. It consolidates and reorganizes all of your personal debt into one payment to the trustee each ...
View MoreDuring the years leading up to the mortgage crisis and collapse of late 2008, second mortgages borrowed against the equity of a home were common. ...
View MoreBankruptcy, by definition, is a legal process that deals in large part with numbers. Debt figures, income levels, number of people in a household, ...
View MoreIn any bankruptcy, whether it be a Chapter 7 or Chapter 13, the issue of real estate is nearly always at the forefront. In Chapter 7 liquidations, the ...
View MoreChapter 13 bankruptcy is available to consumer debtors as a way of individually restructuring and reorganizing their debts without liquidation. If ...
View MoreChapter 13 bankruptcy consists of a 3 or 5 year plan that has been submitted to, and approved by, the bankruptcy court. During this time period, you ...
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