The Meeting of the Creditors

Filing for bankruptcy can be a hard experience. It can be upsetting when a debtor finds themselves overwhelmed with debts and in over their heads. While many debtors may agree that anonymously filing for bankruptcy may be preferred, it's not. One critical component to filing for bankruptcy is the creditors' meeting, otherwise known as the [...]

By |2021-01-12T14:23:28-06:00October 23rd, 2020|The Bankruptcy Process|Comments Off on The Meeting of the Creditors

The Process of Engaging in Debt Counseling

Debt can be all-consuming, making it incredibly difficult to keep up with financial obligations. It's only natural for debtors that their sights set to filing for either Chapter 7 or Chapter 13 bankruptcy. Be aware that, for debtors, Chapter 7 is the most widely used filing, and not just anybody can file. There are many [...]

By |2021-01-12T14:23:43-06:00October 16th, 2020|The Bankruptcy Process|Comments Off on The Process of Engaging in Debt Counseling

Automatic Stay Bankruptcy

How Does The Automatic Stay Help Those Filing for Bankruptcy Filing bankruptcy can be an intimidating decision. But, did you know that there are various tools that can protect you during the process? In fact, one of the most beneficial tools for those filing bankruptcy is the automatic stay. The automatic stay is a part [...]

By |2021-01-12T14:26:25-06:00May 1st, 2019|The Bankruptcy Process|Comments Off on Automatic Stay Bankruptcy

What Is a Bankruptcy Trustee and What Is Their Purpose?

During Chapter 7 or Chapter 13 bankruptcy proceedings, a bankruptcy trustee is appointed by the federal government to oversee the case. In most cases, a bankruptcy attorney or accountant will serve as the trustee. The trustee plays an important role during the bankruptcy process, including: Ensuring debtors are in compliance with regulations Ensuring debtors are [...]

By |2021-01-12T14:26:43-06:00February 6th, 2017|The Bankruptcy Process|Comments Off on What Is a Bankruptcy Trustee and What Is Their Purpose?

During Bankruptcy Assets Count No Matter How Small

In the bankruptcy case of Cannon, Nickey M.; In re (Cesnick v. Can­non), the bankruptcy court denied the debtor's discharge because he failed to disclose that he owned a small interest in a business venture from which he received some income. The details of the bankruptcy case: The debtor filed for Chapter 7 bankruptcy after [...]

By |2021-02-12T15:19:47-06:00September 7th, 2009|The Bankruptcy Process|Comments Off on During Bankruptcy Assets Count No Matter How Small

The Automatic Stay Applies to Non-Dischargeable Debts

We've mentioned previously that certain debts are non-dischargeable in bankruptcy. But just because a debt is not dischargeable in bankruptcy does not mean it is not subject to the rules of a bankruptcy automatic stay. For example, there are many debtors who have divorce decrees with language stating that the obligations outlined in the divorce [...]

By |2021-02-24T11:54:56-06:00June 8th, 2009|The Bankruptcy Process|Comments Off on The Automatic Stay Applies to Non-Dischargeable Debts

Client-Attorney Privilege And Confidentiality During Bankruptcy

The attorney-client privilege rule prevents a client from being compelled to reveal communications (written or verbal) between himself and his attorney that was for the purpose of obtaining legal advice with the expectation that the communication would be kept confidential. What this means is that a debtor cannot be compelled to reveal information that he [...]

By |2021-02-24T12:27:53-06:00January 15th, 2009|The Bankruptcy Process|Comments Off on Client-Attorney Privilege And Confidentiality During Bankruptcy

What To Expect – Bankruptcy Procedures For Waiving Filing Fee

How to Waive Bankruptcy Filing Fee When a debtor applies for a bankruptcy filing fee waiver, the law states that the bankruptcy court must decide immediately if the waiver application will be approved. Once the decision is made, the information will be given to the United States trustee or bankruptcy administrator, the case trustee, the [...]

By |2021-02-12T15:16:49-06:00November 20th, 2008|The Bankruptcy Process|Comments Off on What To Expect – Bankruptcy Procedures For Waiving Filing Fee
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