Tag: bankruptcy attorney
PERSONAL INJURY CLAIMS IN BANKRUPTCY
Personal injury claims in bankruptcy present a challenge. As with most challenges, knowing the landscape helps address the issue. Bankruptcy laws require that all assets be identified and listed in the various petitions, statements and schedules that are part of the filing. This is because, if you’re filing a chapter […]
Statement of Financial Affairs – Bankruptcy Forms
The Statement of Financial Affairs stands as one of many documents required in chapter 7 and chapter 13 bankruptcies. This document covers details from income to any business in which the filer has had an interest in the last six years. Gross income is listed for the present year to […]
Parking Tickets and Bankruptcy – Discharged?
Parking tickets – one of the nightmares of having a car in the city. People filing chapter 7 bankruptcies find tickets can be like a bad movie, they just won’t go away. Here’s the problem: The U.S. Congress enacted the bankruptcy code, so we can’t be surprised that the law […]
Bankruptcy Exemptions: Why You Need Them
Like an iron gate protecting an entrance, bankruptcy exemptions protect a debtor’s property against loss in bankruptcy. Theory of Bankruptcy Exemptions In the old days when a person filed bankruptcy, the story goes, their property was taken and sold or ‘liquidated’, the proceeds then divided among creditors. Any remaining debt […]
Credit Counseling: Bankruptcy Requirement
Bankruptcy filings require preparation. Bankruptcy law makes credit counseling one step in the process. You can’t file a valid chapter 7 or chapter 13 without completing credit counseling, earning this step the name ‘Ticket In’ to bankruptcy. Credit Counseling: “The Ticket In” Under bankruptcy law people, not businesses, must take credit counseling before filing under Chapter 7 or 13. Credit counseling can […]
Keeping Cars in Bankruptcy: Asset Value and Exemptions
Most of my new clients asking about bankruptcy have one question: Attorney Myers: If I file bankruptcy can I keep my car? Answer: Most often the answer is yes. At the same time we need to check a few facts about your situation before we get to the right answer. […]
Must I Disclose Income In Bankruptcy?
Potential bankruptcy filers sometimes ask whether they really have to produce their income taxes and pay stubs when they file, isn’t this ‘nosey’ of the bankruptcy court? After a voluntary bankruptcy petition is filed and before the creditors meeting, the person filing must disclose income. The law requires submission of all pay […]
