Bankruptcy: Bad Things Can Happen to Good People
Why Us?
You have been doing everything right. One thing sets you back and now your bills are piling up. You lost your job, your hours were cut at work or you have mounting medical expenses. Creditors are calling you at home and at work. You are worried about losing your car...
My Chapter 13 Bankruptcy Case Was Dismissed. Can I Re-File and Start Over?
If your Chapter 13 Bankruptcy Case was dismissed, under certain circumstances, you may be eligible to re-file another case. Generally, under 11 U.S.C. § 362(c)(3), if a debtor has had one or more prior bankruptcy cases dismissed in the preceding year, the Debtor can...
Am I Eligible to Receive a Discharge in A Chapter 7 Bankruptcy Case?
One of the primary reasons that a person files a Chapter 7 Bankruptcy Case is to receive a discharge of their debts. A discharge is an Order entered by the Bankruptcy Court that forgives debts that cannot be repaid by a Debtor. Most, but not all debts are...
Am I Eligible to Receive a Discharge in A Chapter 13 Bankruptcy Case? And Does it Matter?
One of the benefits of filing a Chapter 13 Bankruptcy Case is that there is a broader discharge of debts available in a Chapter 13 Case versus a Chapter 7 Case. Many debts that are non-dischargeable in a Chapter 7 Case are dischargeable in a Chapter 13. Perhaps you...
What is the Automatic Stay? Can I Stop a Foreclosure By Filing Bankruptcy?
The Automatic Stay Perhaps the single greatest weapon that the Bankruptcy Code gives to Debtors is the Automatic Stay. With certain exceptions, the Automatic Stay goes into effect upon the filing of a Bankruptcy Case, and is a restraining order that prevents creditors...
I am Behind on My Mortgage Payments. How Can I Use Chapter 13 Bankruptcy to Save My Home?
Are You Behind on Your Mortgage Payments? Facing Foreclosure? Many Debtors consider filing Chapter 13 Bankruptcy because they are behind on their home mortgage payments and are facing a foreclosure. Chapter 13 Bankruptcy, often referred to as Debtor’s Court, can be of...
Can I Remove a Judgment Lien Recorded Against My Property In Bankruptcy?
Many clients who come to our office have creditors that hold judgments against them. Often when a Debtor owns real estate, the judgment creditor will record a Certificate of Judgment in the Probate Court in the county where the property is located. The Certificate of...
I Have a Second Mortgage Against My Property that Is Entirely Under Water:
Is There Anything that I Can Do About This in a Bankruptcy Case? With the recent downturn in the housing market, many homeowners that have a second mortgage find themselves in the situation where they owe significantly more on their mortgages than their property is...
Here is an an article with an update on the Jefferson County, Alabama Bankruptcy Case:
http://blog.al.com/businessnews/2012/07/jefferson_county_bankruptcy_la_1.html
Bankruptcy Becoming A Fact of Life For Many Cities and Towns in Today’s Tough Economic Times
Another municipal bankruptcy is on the horizon for California. This time, it is the town of Mammoth Lakes, CA, as the Town Council unanimously approved the decision to file for bankruptcy on July 2, 2012. One of the major reasons it is filing bankruptcy is the Town’s...