People sometimes use the phrase “judgment proof” when talking about trying to collect from a debtor. You might think that if someone is judgment proof, it means no creditor can get a [...]
Creditors have a number of tools at their disposal when it comes to collecting debts. Mostly, they rely on the contractual obligation that the debtor has to pay her bills. When debtors don’t pay, [...]
Many people are predicting an avalanche of bankruptcies as the Covid relief packages begin to expire. Many lawyers and law firms are adding bankruptcy as a practice area in anticipation of that. [...]
This is a question I get a lot. How do you know it’s time to consider bankruptcy as a real option? There’s no set answer and no right or wrong answer. But here are some things to [...]
When I meet with potential clients, they often express embarrassment or even shame over the fact that they have to file bankruptcy. I always tell them they shouldn’t feel that way. [...]
Schedule D lists secured creditors, those creditors who have collateral for their debt that they can repossess or foreclose on. Repossession and foreclosure are the legal methods that allow [...]
Yesterday we talked about the Means Test and how to fill out Form 122A-1 properly to see if you qualify for Chapter 7. Assuming you do, the next step is to gather all the information needed to [...]
One of the most confusing things about filing bankruptcy is the means test analysis. The Means Test calculates the debtor’s income for purposes of comparing it to the median income but does it in [...]
I’ve written before about filing bankruptcy without a lawyer, and said that while you can file without a lawyer, you shouldn’t. But some people’s situations are such that they [...]
