Jul 30, 2010
If a debtor chooses to surrender property the an unopposed motion for relief from automatic stay can be entered with the court to allow the creditor to repossess or foreclose on the collateral.
Jul 26, 2010
Before a Debtor can decide if they should sign a reaffirmation agreement, they need to know what it is. A reaffirmation agreement is a signed agreement between the Debtor and a Creditor. It is usually with a secured creditor such as...
Jul 19, 2010
Student loans are treated differently in a bankruptcy than any other debt, especially in a Chapter 13. It is a type of debt that causes great confusion for many debtors. Student loans are considered unsecured debt, but they are not dischargeable.
Jul 13, 2010
Before filing a bankruptcy there are a few things that are real killer to receiving a discharge of your bankruptcy. Some people think well I’m going to file anyway I will go charge the rest of the limits on the credit cards.
Jul 07, 2010
Under the current bankruptcy law all Debtors who receive a regular pay check must be under a wage directive. Many Debtors are not happy about being forced to be under the wage directive, but it is required unless there is a good reason.
Jun 28, 2010
As of today I have an excessive amount of Chapter 13 plan modifications to prepare and submit for Attorney review & approval. ‘Tis the season for Agreed Orders for mortgage arrears and failure to make timely auto payments.
Jun 22, 2010
While in an active Chapter 13 bankruptcy, Debtors are not allowed to incur any new debt without the permission from the court. This means if a Debtor is in need of a new car or home, they must file a motion with the court and get permission.
Jun 14, 2010
When you file a Chapter 13 case, you are set up on a monthly payment schedule. This monthly payment schedule is referred to as your reorganization payments. For most people these payments are set up to...