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The Chapter 7 Trustee’s Job.The Chapter 7 Trustee’s job is to determine if there are any assets that a debtor owns that the trustee can sell and use the money he gets from the sale to make a [...]

When faced with seemingly overwhelming financial problems many people turn to loans from or cash outs of their retirement accounts. This is usually a bad idea for several reasons. Your financial [...]

When a person files bankruptcy, a bankruptcy estate is created. This estate consists of all the property that becomes subject to the control and administration of the bankruptcy trustee. Very [...]

  You hear the commercials all the time: get a loan from us to consolidate all your debts into one payment that will be lower than what you’re now paying. Lower payments! Why [...]

When you file bankruptcy, there is an estate created. The estate consists of all the property that you own, of any kind, such as houses, cars, bank accounts, investment accounts, retirement [...]

That’s how a lot of conversations with potential clients begin. I’m sure it’s said in the hope that because their case is “simple” it won’t be [...]

OJ Simpson, one of the best-known football stars and actors of the 1960s, 1970s and 1980s, was paroled from prison on Friday after nine years behind bars for theft. Simpson, known during his [...]

Schedule C, exempt property, is one of the most important schedules from the debtor’s perspective. This is where the debtor lists all property in which he claims an exemption. It is the [...]

Many times I talk with people who are filing bankruptcy and they tell me that they have no retirement accounts, that they withdrew virtually everything in their 401(k) or other retirement account [...]

Chapter 7, the most common form of bankruptcy and the one most people think of when filing bankruptcy, is often seen as little more than filling out a few forms. The bankruptcy court’s [...]