Bankruptcy Questions

Words that you might hear from your bankruptcy attorney are fraudulent transfer, preference or preferential payment, and clawbacks.  What are these and, more importantly, should you be concerned? [...]

People often don’t realize that there are more than one choice when filing bankruptcy. The two most common types are Chapters 7 and 13.  Briefly, Chapter 7 is what most people think of when [...]

The objective of every bankruptcy is to receive a discharge. The discharge says that all debts not specifically excepted are discharged, meaning the creditor holding the debt cannot collect. The [...]

For most people bankruptcy is a once-in-a-lifetime thing. In rare instances it becomes necessary to file a second or even a third time. Usually these cases are separated by several years, if not [...]

A post about Schubach Jewelers’ bankruptcy prompted a question from a reader. She asked, “I have a warranty on a piece of jewelry. What happens now?” It’s a great question [...]

As 2018 wraps up, millions of people are finalizing their divorces, trying to beat the New Year. The reason is that December 31, 2018, marks the end of tax deductions for alimony payments. If a [...]

Before a person can file bankruptcy, she has to take a consumer credit counseling class offered by an approved provider. Then, once having filed, before she can get her discharge she has to take [...]

Often the only interaction a debtor has with the whole judicial process called bankruptcy comes at the meeting of creditors, sometimes called a “341 Meeting” because it is held [...]

This is always a big question on people’s minds when they finally make the decision to file bankruptcy. Who should they tell? Who must they tell? Who will find out and how? First of all the [...]

Coming to the realization that your debt situation might be unmanageable and you have to consider bankruptcy is usually difficult. But then it only compounds when you realize you have no idea [...]