Aug 11, 2021 | Bankruptcy, Chapter 7 Bankruptcy, Consumer Law Issues, Financial Problems, General Bankruptcy, Student Loans
The American Bankruptcy Institute has encouraged Congress to reform the way student loans are dealt with in bankruptcy. Since the Bankruptcy Code was enacted in 1978, several amendments have made it more and more difficult to discharge student loans. Now our country...
May 21, 2020 | Chapter 7 Bankruptcy, General Bankruptcy
I’m filing for Chapter 7 bankruptcy pro se because I cannot afford a lawyer. I am working with a non-profit organization called Upsolve to complete my paperwork, but their help in regards to my vehicle is confusing me. On Schedule A/B under Part 2 (Describe your...
Oct 10, 2018 | Blog, Chapter 11 Bankruptcy, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit & Credit Scores, General Bankruptcy
Yes, probably. Credit reporting agencies, like TransUnion, advise us that it is good to have a credit card, even a secured card, even if you do not use it. Doing so will increase your credit score. Having a credit card is also important if you are traveling or are...
Sep 21, 2018 | Blog, Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Employment in Bankruptcy, General Bankruptcy
No. We want our clients to be able to earn as much as possible and part of our job is to make sure any income you have is protected. The amount of income can affect your case, depending on the chapter you are filing under and the amount you are earning. In Chapter 7...
Aug 10, 2018 | Blog, Chapter 7 Bankruptcy, Client Service, General Bankruptcy
One of the purposes of bankruptcy is to provide creditors with distributions (made up of the debtor’s assets or income). Creditors must file proofs of claim to receive their share of the distributions. Surprisingly, many creditors do not file proofs of claim, thereby...
Jul 19, 2018 | Blog, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, General Bankruptcy
Question: “My brother filed bankruptcy and was able to get rid of the second mortgage loan on his house. I would like to do the same in my Chapter 7 bankruptcy, but my lawyer says I cannot ‘lien strip’. What is lien stripping and why can’t I do it as well?” Answer:...
