A bankruptcy case is made up of the debtor’s interest in property and the debtor’s debts. Before the debtor’s bankruptcy case is filed, the debtor provides his or her attorney with information to enable the debtor’s attorney to prepare the debtor’s schedules of property, debt, income and expenses for electronically filing the debtor’s bankruptcy case. […]
Property of the Bankruptcy Estate – State & Federal Exemptions Read More »
Part 4 Filing for Bankruptcy In order to file for bankruptcy, an individual must take a credit counseling course and accurately complete and file a number of documents. Running Time: (2:57) Click here for link to uscourts.gov, where this video was downloaded.
Part 4 – Filing for Bankruptcy Read More »
Bankruptcy Basics Part 3 Limits of Bankruptcy Some debts cannot be discharged in a bankruptcy. Running Time: (4:34) by uscourts.gov
Limits of Bankruptcy Part 3 Read More »
I have seen statistics on the numbers of failed Chapter 13 cases and successful Chapter 13 cases. The number one reason a debtor’s case is dismissed is for delinquent Chapter 13 plan payments. In those cases, the debtor has been authorized to pay the Chapter 13 Trustee the Chapter 13 monthly plan payment. Remember, a
Your Chapter 13 Plan Payments Read More »
Individuals file Chapter 13 Bankruptcy for one or more reasons or a combination of factors. The higher percentage of individuals I have represented file Chapter 13 to stop a foreclosure sale by their mortgage company. Foreclosure sale proceedings are initiated by the mortgagee because the debtors were delinquent on payments to their mortgage company. Another
Day 1 Filing Chapter 13 – Stopping the Foreclosure And Repossession Read More »
I have a case where the creditor’s attorney sent me a Reaffirmation Agreement. I had never had a creditor’s attorney try to have the creditor’s debt reaffirmed. Moreover, the creditor is over-secured with a deed of trust lien on the debtors’ principle residence. I read Section 524(c)(1) of the Bankruptcy Code. Without researching the case
Reaffirmation Agreements In Chapter 13 Bankruptcy Read More »
First, we will start at the legal beginning, the United States Constitution. Article I, Section 8, of the United States Constitution authorizes Congress to enact “uniform Laws on the subject of Bankruptcies.” Next, we had different bankruptcy acts, until 1978 when Congress enacted the uniform Bankruptcy Code in 1978. The Bankruptcy Code is called Title
This is a series of videos from http://www.USCourts.gov website featuring Bankruptcy Basics Videos that were uploaded to YouTube. Part 1 Introduction Bankruptcy is a legal process that provides relief to many individuals who can no longer pay all of their debts. Running Time: (2:38) This video gives basic information about Bankruptcy, the relief available, and
Bankruptcy Basics – Part 1: Introduction Read More »
by http://www.USCourts.gov Bankruptcy Basics Videos Part 2 Types of Bankruptcy There are three main types of bankruptcy cases for individuals, the most common of which are chapter 7 and chapter 13. Running Time: (3:55) This video discusses the three main types of Bankruptcy. Ther
Bankruptcy Basics – Part 2: Types of Bankruptcy Read More »
April 30, 2009 by senatus Senators have defeated an amendment offered by Senator Dick Durbin (D-IL) to the Helping Families Save Their Homes Act (S. 896) by a vote of 45 to 51. It was subject to a 60-vote threshold. This is the so-called “cramdown” amendment which would allow bankruptcy judges to modify mortgage terms
U.S. Senate Votes Against Mortgage Modification Cramdown Read More »
