Now suppose you filed a Chapter 13 case. Maybe you and your spouse fell behind on your home mortgage payments and were facing a foreclosure. The filing of the Chapter 13 stops the foreclosure sale. So what happens next? You will be required to attend a meeting of creditors about 30 days after the…
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What kind of questions to expect at your Meeting of Creditors
Whether you file Chapter 7, 13, or 11, you are required to attend a hearing called the Meeting of Creditors. Don’t be alarmed or intimidated. It is not a difficult process as long as you are reasonably prepared. Here is a sampling of questions and answers. Here are some tips from an experienced bankruptcy…
Coronavirus Financial Programs in California To Help You
Here is a little bit about financial programs in California to help you in the wake of the Coronavirus pandemic. Evictions: About 14 cities in California have issued temporary bans on evictions, but those are under review and being challenged by landlords to make sure their needs are met to pay mortgages and property taxes….
Coronavirus and Your Debts
Here is a little information about Coronavirus and your debts. The important thing to remember is do not panic. Stay calm, stay safe and healthy. Remember that a lot of people are going through the same thing as you. This too shall pass, and the world including your world will adapt and there will be…
Bankruptcy Courts and Coronavirus
Here is a little information about Coronavirus and the bankruptcy courts. Many friends, colleagues and clients of mine want to know if the bankruptcy courts are closed down in the wake of the Coronavirus pandemic. The answer is a resounding no. As the chief bankruptcy judge in our district put it, “Now people need the…
Is Debt Settlement Worth It?
You’ve got an old bill, way more than 180 days late. It may even be reduced to a judgment. There seems to be a new collection agency every 6 months; you are adept at screening phone calls and ignoring letters. But should you take action and work out a deal? The answer is: it depends….
CREDITOR BANKRUPTCY RELIEF FROM STAY OPTIONS
You or your firm are owed money from a debtor who filed bankruptcy. The debt could be a personal loan, a corporate debt, or an institutional debt such as a mortgage or vehicle loan. Your delinquent account was downgraded from a seriously delinquent debt, a pending lawsuit or a judgment, to bankrupt status. You just…
What To Expect at My Chapter 7 Bankruptcy Meeting of Creditors
Okay, so you filed Chapter 7 bankruptcy. You may or may not have a lawyer or law firm representing you. This is usually the first appearance you or your lawyer is required to attend. First of all, this is not a court appearance. There is no judge. Do not feel intimidated. In most cases (unless…
Life After Bankruptcy
Congratulations. You have successfully completed your Chapter 7, 11 or Chapter 13 case. You have received a bankruptcy discharge. You should be free of some or all of the debt which burdened you prior to bankruptcy. Now what? There are several steps you should take to maximize the benefit of your successful bankruptcy. First of…
3 Things Everyone Should Know About Bankruptcy
Check out my latest video on Bankruptcy. Get information on how we can resolve this together.