Before filing a bankruptcy case, it is important that you do not incur any debt. There are specific federal laws that make certain debts incurred prior to filing presumed non-dischargeable. Meaning, under these laws creditors wouldn’t have to do anything to have the debt deemed non-dischargeable in your case.
The thought of filing a bankruptcy can be stressful and nerve-racking. Although, sometimes it is hard to get rid of all nerves and stress, at LifeBack Law we strive to make the bankruptcy process as stress free as we can for our clients. Filing bankruptcy is a big deal, which is why you should feel confident and comfortable with the attorney you hire.
An extremely common question in consultations for bankruptcy is whether all credit accounts will close after filing. Most attorneys will advise you that even if the account is at $0 prior to filing or excluded off of a case, it likely will still close.
When you file bankruptcy all of your creditors will be informed of the date, time, and instructions for your 341 hearing. The 341 hearing, also known as the meeting of creditors, is your creditors chance to ask specific questions about the information in your case. Although most creditors do not show up for the 341 hearing, some may.
Bankruptcy audits can happen randomly or for a specific reason regarding your case. This blog will explore what an audit is and possible reasons there may be an audit.
If you either had real estate transferred to you or you transferred real estate to your ex-spouse in a divorce, there are typical steps you should take to record ownership before filing bankruptcy. When you file bankruptcy you have to disclose all of your assets and any transfers done in the last two years, including transfers made within the divorce. If you do not have your ownership interest in real estate properly recorded, it could cause issues within your bankruptcy case. This blog will go through options you can take to properly record your ownership interest.
When you file bankruptcy you are listing under penalty of perjury you have included all of your creditors in the case. Unfortunately, this means you cannot pick and choose who you file on.
Congratulations! Your bankruptcy discharge has gone through. The discharge in your bankruptcy is the order that tells your creditors you are no longer liable on the dischargeable debts.
A general rule of thumb prior to filing bankruptcy is try not to sell, transfer, or get rid of your property unless you have discussed it with your bankruptcy attorney first. The reason is, transfers, sales and even trade-ins prior to filing are heavily scrutinized by the case Trustee.
When you initially file a personal bankruptcy you are filed under a chapter 13 or chapter 7. But what happens if your circumstances change so much you cannot stay in your current chapter filed? Your attorney may mention a conversion. A conversion is converting your case from one chapter to another. Most commonly conversions are from 13 to 7, but you may need to convert 7 to 13.
If you are in a chapter 13 bankruptcy case and you have a pending Motion (either Motion for Relief or Motion to Dismiss), you may have heard the terms cure order. Keep reading to find out more about the cure order and the impact it has on your case.
This blog will focus on common motions and possible resolutions during your Chapter 13 case.
Motions are common during Chapter 13 cases. A motion is a party requesting a specific order during the Chapter 13.
Most people have their bank accounts set up with direct deposits, automatic payments, transfers and the like. Therefore, it usually is a big concern of what will happen with your bank account after a bankruptcy case is filed.
If you are planning on surrendering secured property in your bankruptcy case, it likely has crossed your mind as to when you should take the insurance policy off.
If you have a retirement loan and are wondering what will happen to it within bankruptcy, you have come to the right place. You may be wondering whether you will have to continue paying it or if your liability will be included in the debts you will discharge.
Before filing a bankruptcy case, it is important that you do not incur any debt. There are specific...
Credit Unions typically have more structured policies regarding what happens after a customer files...
The thought of filing a bankruptcy can be stressful and nerve-racking. Although, sometimes it is...
An extremely common question in consultations for bankruptcy is whether all credit accounts will...
When you file bankruptcy all of your creditors will be informed of the date, time, and instructions...
Bankruptcy audits can happen randomly or for a specific reason regarding your case. This blog will...
If you either had real estate transferred to you or you transferred real estate to your ex-spouse...
When you file bankruptcy you are listing under penalty of perjury you have included all of your...
Congratulations! Your bankruptcy discharge has gone through. The discharge in your bankruptcy is...
A general rule of thumb prior to filing bankruptcy is try not to sell, transfer, or get rid of your...
When you initially file a personal bankruptcy you are filed under a chapter 13 or chapter 7. But...
If you are in a chapter 13 bankruptcy case and you have a pending Motion (either Motion for Relief...
This blog will focus on common motions and possible resolutions during your Chapter 13 case....
Most people have their bank accounts set up with direct deposits, automatic payments, transfers and...
If you are planning on surrendering secured property in your bankruptcy case, it likely has crossed...
If you have a retirement loan and are wondering what will happen to it within bankruptcy, you have...
