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 [...]
The economy is tanking. Businesses are closing. People are being laid off. Congress is endlessly debating another stimulus package but has adjourned for the summer. COVID-19 shows no signs of [...]
A married couple doesn’t have to file bankruptcy together. One spouse can file without the other. It’s like taxes. A married couple can choose married filing jointly or married filing separately. [...]
Although it isn’t common, some creditors will insist that a debtor owes a discharged debt. Faced with a creditor who insists repeatedly that even though someone has filed bankruptcy she [...]
The real estate market is suffering in most places around the United States, but in Utah it’s booming. That’s good news for homeowners who may be looking to sell, but it also presents a trap for [...]
The last thing a debtor wants to hear is that someone, either a creditor or the bankruptcy trustee, has objected to discharge. What does that mean, why did they object and, most importantly, what [...]
