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 »
“Article I, Section 8, of the United States Constitution authorizes Congress to enact “uniform Laws on the subject of Bankruptcies.” Under this grant of authority, Congress enacted the “Bankruptcy Code” in 1978. The Bankruptcy Code, which is codified as title 11 of the United States Code, has been amended several times since its enactment. It
Bankruptcy Basics From The U.S. Courts Read More »
First and foremost in most people’s minds is they want peace of mind. Yes, the filing of a bankruptcy case will stop the creditors’ harassment. If creditors continue harassing the debtor after his or her bankruptcy case is filed, the creditor can be sued in bankruptcy court for money damages. Most good people need to
Why File Chapter 13? Does Filing Bankruptcy Stop The Harassment? Read More »
Yes! The Bankruptcy Code requires that you include all debts you owe as of the date of filing your bankruptcy case. All debts include past due amounts you owe to the local phone company, electric company, cable company, etc. Your phone, cable, water, and electric company cannot discriminate against you either only because you filed
Can You Include Past Due Utility Bills In Your Bankruptcy? Read More »
In the Eastern District Bankruptcy Courts, the local rules allow an attorney’s fee up to $3,500 for a chapter 13 reorganization bankruptcy, unless the attorney files an application with the Court for more attorney’s fees. If an attorney files a written application for more than $3,500, then the Court must give its written approval of
How Much Does It Cost To File A Chapter 13 Or Chapter 7 Bankruptcy Read More »
In my years of representing debtors in bankruptcy, the greatest relief a debtor receives immediately when filing a Chapter 13 Bankruptcy Petition is creditors must stop ALL attempts to collect debts from the debtors and their property. ANY attempt to collect a debt owed before filing the Bankruptcy Petition isautomatically stayed under the Bankruptcy Code.
What Does The Filing Of A Bankruptcy Petition Do? Read More »
People who cannot car payments, and/or owe back house payments, back IRS taxes, back child support, delinquent property taxes, and others may file for protection under Chapter 13 of the Bankruptcy Law to stop foreclosure on their home, repossession of their car(s), to stop IRS wage and bank account levies, and tax liens on their
Chapter 13 Reorganization Read More »
Chapter 7 Fresh Start Bankruptcy may be used to eliminate credit card debt, medical debt, deficiencies after a foreclosure and/or repossession. There are other debts dischargeable in a Chapter 7, but credit cards, medical and deficiencies are the most common. Clients who are defined as “Debtors” in the Bankruptcy Law need to be current on
Chapter 7 Fresh Start Bankruptcy Read More »
Bankruptcy law is a safety net to give honest people a “fresh start” or an opportunity to “reorganize their debts.” Bankruptcy is more powerful than any non-bankruptcy bill consolidation proposal. Bankruptcy is the law. The bankruptcy law specifies what “relief” you are entitled to, provided you follow a few, short rules. I counsel people and
Why We Have The Bankruptcy Law Read More »
