Blog Posts in September, 2010
Posted on Sep 29, 2010 By Jeffrey Angres
Facebook is an internet social networking site that is just six years old, but it already boasts over 500 million active users. That's about 1 in 14 people in the world. Facebook is a great way to ...
Continue reading "WHY DEBT COLLECTORS LOVE FACEBOOK" »
Posted on Sep 27, 2010 By Jeffrey Angres
If you are in financial trouble, you are not alone. More than 1.5 million bankruptcy cases were filed during the fiscal year that ended June 30, 2010. Many of these cases were joint husband and wife ...
Continue reading "WHAT TO DO WHEN FACING BANKRUPTCY" »
Posted on Sep 24, 2010 By Jeffrey Angres
Most retirement savings accounts are considered either exempt or not part of the bankruptcy estate and, therefore, are protected from turn-over during Chapter 7 bankruptcy. When an account is ...
Continue reading "WILL FILING A CHAPTER 7 BANKRUPTCY WIPE-OUT MY RETIREMENT SAVINGS?" »
Posted on Sep 22, 2010 By Charles Glanzer
A bankruptcy case is part lawsuit, and part financial audit. The debtor is asking the bankruptcy court to order creditors to accept payments over time, as in a Chapter 13 bankruptcy, or in some cases ...
Continue reading "WHAT INFORMATION DOES YOUR ATTORNEY NEED TO FILE YOUR BANKRUPTCY CASE" »
Posted on Sep 20, 2010 By Jeffrey Angres
Costly thy habit as thy purse can buy, But not express'd in fancy; rich, not gaudy; For the apparel oft proclaims the man; - Polonius to Laertes in Hamlet Clients commonly want to know how to dress ...
Continue reading "WHAT TO WEAR TO YOUR 341 MEETING OF CREDITORS" »
Posted on Sep 17, 2010 By Jeffrey Angres
In these tough economic times, many Americans are desperate to make ends meet. Some are becoming trapped in a destructive cycle of borrowing money from payday loan companies just to pay their regular ...
Continue reading "DISCHARGING PAYDAY LOANS IN BANKRUPTCY" »
Posted on Sep 15, 2010 By Jeffrey Angres
There is no qualifying minimum amount of debt a person must have in order to qualify for an individual bankruptcy. Debtors who otherwise qualify for Chapter 7 bankruptcy (see prior blog article ...
Continue reading "HOW MUCH DEBT MUST I HAVE IN ORDER TO FILE BANKRUPTCY?" »
Posted on Sep 13, 2010 By Jeffrey Angres
The Bankruptcy Code provides real relief for individuals who have run out of financial options and can protect the debtor from creditor collection action even at the last minute. By filing an ...
Continue reading "SAVED BY THE BELL: THE EMERGENCY BANKRUPTCY PETITION" »
Posted on Sep 10, 2010 By Jeffrey Angres
The goal of a Chapter 7 bankruptcy is to relieve the debtor from the burden of debts he cannot afford to pay and provide a fresh financial start. This goal is achieved through the Chapter 7 bankruptcy ...
Continue reading "WHICH DEBTS ARE DISCHARGED IN A CHAPTER 7 BANKRUPTCY?" »
Posted on Sep 8, 2010 By Jeff Angres
During a Chapter 13 bankruptcy the debtor develops a plan to repay all or part of his debts through installment payments. Once the bankruptcy court confirms the plan, the debtor is obligated to make ...
Continue reading "WHAT IF I CAN'T MAKE MY CHAPTER 13 PLAN PAYMENTS?" »
Posted on Sep 7, 2010 By Jeffrey Angres
When a debtor files a Chapter 7 or Chapter 13 bankruptcy case, notices of the meeting of creditors is sent to all the creditors of the debtor. The meeting of creditors is also called the trustee's ...
Continue reading "WHAT IF A CREDITOR SHOWS UP AT MY 341 MEETING?" »
Posted on Sep 3, 2010 By Jeffrey Angres
When a debtor dies during a pending Chapter 7, Chapter 11, Chapter 12 or Chapter 13 bankruptcy case, the case may or may not be dismissed depending on a few factors. The first factor is the bankruptcy ...
Continue reading "IF THE DEBTOR DIES DURING BANKRUPTCY" »
Posted on Sep 1, 2010 By Jeff Angres
While it is common for a husband and wife to file a joint Chapter 7 or Chapter 13 bankruptcy, in some cases it may be beneficial for only one spouse to file. When one spouse files for bankruptcy ...
Continue reading "CAN ONE SPOUSE FILE BANKRUPTCY ALONE?" »