Andrew Talks with Neil Howe about COVID-19 and How Bankruptcy Could Help
Earlier this month I had an opportunity to talk with Neil Howe of the Business Innovators Radio Network about the financial fallout of COVID-19 and some options for folks affected by layoffs and business closures, including chapter 7 or 13 bankruptcy. If you’re wondering whether bankruptcy may help you through this crisis, or about how […]
What Happens After I File a Chapter 13 Bankruptcy Plan, Part 2
I talked a little about the chapter 13 bankruptcy process, from filing your case to getting your repayment plan approved – or “confirmed” – by the bankruptcy court. This part of your chapter 13 case is very important, and sometimes it’s the most…
What Happens After I File a Chapter 13 Bankruptcy Plan, Part 1
Preparing a well-filed bankruptcy usually takes a lot of work for both the Debtor and their attorney. But if you file for chapter 7 relief, most of the work is generally done once the complete case is filed and the meeting of creditors is scheduled. This is not necessarily the case though when you file […]
The Bankruptcy Process: From your Initial Consultation to Case Filing
Our blog post last week focused on the emergency bankruptcy filing – typically any case filed less than a week after first meeting to discuss your financial situation. Since you should generally only consider an emergency bankruptcy filing as a response to an urgent problem (usually a home foreclosure, car repossession or wage garnishment), you’ll […]
What is an Emergency Bankruptcy Filing and When is an Emergency Filing a Good Idea?
Here’s a common problem a bankruptcy attorney encounters regularly: A potential client comes in and desperately needs relief from her debts, but is also losing 25% of her paycheck to a creditor who received a judgment against her and who’s now garnishing her wages. She wants to file bankruptcy, but she can’t bear another garnishment […]
What to Do if You Can’t Make Your Chapter 13 Bankruptcy Payment – Part 2
Filing a chapter 13 bankruptcy can often be the perfect solution to your debt issues, especially if you’re way behind on mortgage or auto loan payments, or if you need to protect some piece of property (such as a home with significant equity) that you might lose if you filed the more simple, “straight” chapter […]
What to Do if You Can’t Make Your Chapter 13 Bankruptcy Payment – Part I
Unless there’s a good reason for doing otherwise, it’s very important to make your chapter 13 bankruptcy payment each month. Section 1307 of the Bankruptcy Code allows for dismissal of a bankruptcy case for a “material default by the debtor with respect to a term of a confirmed plan.” The biggest “term” of your chapter […]
What is a Meeting of Creditors and Why do I Have to Go?
Bankruptcy can be a life saver to someone who is drowning in debt, but to take the plunge and file a chapter 7 or chapter 13 takes work and effort from both you and your attorney. One crucial requirement with which every debtor in bankruptcy must comply is attending his or her Section 341(a) meeting […]