Filing bankruptcy may leave you feeling uncertain about your bank accounts. If you like your bank, you may want to keep it open, and if you do not like your bank or do not care one way or the other, you may be fine with it closing.
At LifeBack Law, we don’t judge you, we help you get your life back. This is not just a slogan for us, but something we stand by and adhere to.
Whether you are trying to save on groceries due to income, dietary needs, family size, or other reasons, this blog will explore savings at the grocery store.
Various parties will receive notice of your case filing, directly from the court, your attorney, a creditor, or a combination. The creditor or party’s interest in your case, will determine who receives notice you filed bankruptcy.
Whether you have a prior lease you still owe on that you cannot pay or you are behind on a current lease, bankruptcy may be able to help.
When you file either an asset Chapter 7 case or a Chapter 13 case, your creditors can file a claim. The claim will state, who the creditor is, where they can be reached, the amount owed to them, why it is owed, and proof of the debt. Creditors file claims in cases, so the trustee knows who to pay.
When you first speak with an attorney about options for filing bankruptcy, you should know an average of your income or your hourly rate, or at least a best estimate of your income. Income is important, because it can determine which bankruptcy you will file.
When you file bankruptcy you must list everything you own or are entitled to. When you file, you create a bankruptcy estate. The estate owns everything you own or are entitled to until the exemption objection period passes or you buy back non-exempt assets from the estate.
While there is no such thing as medical bankruptcy cases, you can still discharge medical debt in bankruptcy. In fact, medical debt is fairly easy to include in bankruptcy, as long as you know where your medical debt was incurred. For example, the hospital or clinic you went to.
A 341 hearing is typically the only hearing you attend in your bankruptcy case. It is about a month after filing and will take about 5-10 minutes, depending on your case. The trustee of your case conducts the hearing and will go through yes or no questions with you to verify your case information.
When you file bankruptcy you have to list all of your creditors, both secured and unsecured. This is true, even if you plan on keeping your secured assets, like houses and vehicles, and will continue paying them.
Your bankruptcy discharge is the official court order, stating you do not have personal liability on the dischargeable debts anymore. The bankruptcy discharge is the end goal of bankruptcy. Since the discharge is the end goal in most cases, a lot of potential clients wonder what would cause a discharge to not go through.
The 341 hearing or Meeting of Creditors is, typically, the only hearing you attend during your bankruptcy case. It is about a month after filing and will, usually, last less than 10 minutes. This meeting is a chance for the trustee in your case and any creditors to ask questions. The questions you will be asked typically are regarding assets, income, debts, and expenses.
When you file bankruptcy, you are placed in a metaphorical bubble of protection from your creditors. This bubble is called the automatic stay. The automatic stay protects you from collection activity during the bankruptcy, until you receive your bankruptcy discharge, which is the court order saying you do not have personal liability on your debt anymore. What the automatic stay means for you, is bankruptcy can stop creditor collection harassment, collection lawsuits from moving forward, collection calls, and statements from coming.
Bankruptcy is full of nuances and terms you may not hear every day. This blog will explore common phrases you may hear during your case and what they mean or are referring to.
When you file bankruptcy, the debt you have incurred prior to filing, can be included in your bankruptcy case. After filing, any new debt you incur is your responsibility and is not subject to the automatic stay of bankruptcy or the bankruptcy discharge.
Filing bankruptcy may leave you feeling uncertain about your bank accounts. If you like your bank,...
At LifeBack Law, we don’t judge you, we help you get your life back. This is not just a slogan for...
Whether you are trying to save on groceries due to income, dietary needs, family size, or other...
Various parties will receive notice of your case filing, directly from the court, your attorney, a...
Whether you have a prior lease you still owe on that you cannot pay or you are behind on a current...
When you file either an asset Chapter 7 case or a Chapter 13 case, your creditors can file a claim....
When you first speak with an attorney about options for filing bankruptcy, you should know an...
When you file bankruptcy you must list everything you own or are entitled to. When you file, you...
While there is no such thing as medical bankruptcy cases, you can still discharge medical debt in...
A 341 hearing is typically the only hearing you attend in your bankruptcy case. It is about a month...
When you file bankruptcy you have to list all of your creditors, both secured and unsecured. This...
Your bankruptcy discharge is the official court order, stating you do not have personal liability...
The 341 hearing or Meeting of Creditors is, typically, the only hearing you attend during your...
When you file bankruptcy, you are placed in a metaphorical bubble of protection from your...
Bankruptcy is full of nuances and terms you may not hear every day. This blog will explore common...
When you file bankruptcy, the debt you have incurred prior to filing, can be included in your...
