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“Above median” or “below median” are phrases bankruptcy attorneys use a lot. What does it mean and, more importantly, why does it matter? Above or below median refers to [...]

There is more than one choice when filing bankruptcy. There are actually six types of bankruptcies, but only four are available to individuals. The two most common types are Chapters 7 and 13. [...]

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. [...]

We’ve completed our discussion of Schedules A-H, which cover the debtor’s property (Schedules A and B); the debtor’s exempt property (Schedule C); and the debts the debtor owes (Schedules D, E [...]

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 [...]

What is Equity? Before starting Schedules A and B, the listing of real and personal property, and Schedule C, property claimed as exempt, a person must understand how the calculate any equity [...]

Whether someone files a full or skeleton bankruptcy, she must file the List of Creditors, also known as the matrix, within two days of filing the petition. The matrix is a list of all creditors [...]

What is the credit counseling course that is required to file bankruptcy?