Today in Bankruptcy – 8-7-2012

August 7th, 2012 by Reed Allmand

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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for August 7, 2012.Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for August 7, 2012

Knight Avoids Bankruptcy–What Now?

When Going for the Gold Puts Financial Security on the Line

Injury Claims and Chapter 13 Bankruptcy

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About Reed Allmand

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Allmand's vision is rooted in his own financially precarious childhood in Abilene "My father always had difficulty holding a job and supporting our family, so after my parents divorced when I was 12, my sister and I got jobs to help make ends meet," he recalls. "I remember what it felt like as a child to worry that our car would be repossessed or home foreclosed on."

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Why do I need to submit a new wage order when I modify my plan

When we modify your bankruptcy plan we are changing your plan payments. This means that we have to get with your employer and change the terms and amount of your wage order. The only way we can do that is by filling out a new wage order form.  

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What happens if the stay terminates on my home?

If the bankruptcy stay terminates on your home that means that even though your in bankruptcy, your creditor can pursue all there legal remedies they can pursue if you were not in bankruptcy. This includes foreclosure, and having your house sold and evicting you from your house.

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