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Bob needs to do a blog on this. Here’s this on confidentiality. http://www.scbar.org/MemberResources/EthicsAdvisoryOpinions/OpinionView/.... It’s an ethic violation for lawyer to sign–client can sign and direct lawyer to keep his mouth shut. That’s the same opinion I’ve cited on non-disparagement.The post Settlement Agreements, Confidentiality and Non-Disparagement by Robert Weed appeared first on Robert Weed.
People are understandable concerned about obtaining credit after filing for bankruptcy. It is a real concern for many people. We have become so used to credit and the leeway that it provides in making purchases. The good news is that you will be able to obtain credit within a very short time after filing bankruptcy. + Read MoreThe post Credit After Bankruptcy appeared first on David M. Siegel.
When a debtor files for bankruptcy, it is principally to obtain a fresh start and
discharge of debts from creditors. But not all debts are dischargeable. The
Bankruptcy Code lists 19 categories of nondischargeable debts, which Congress
has determined are not dischargeable for public policy reasons.
Some debts are always nondischargeable, including certain taxes, child support, and
court fines and penalties, to name a few. Others are not deemed automatically
excepted from discharge, but can be when challenged by creditors. When a case
is filed, bankruptcy courts set a deadline for creditors to raise
nondischargeability issues, and creditors who wish to except a debt from
discharge must initiate an adversary proceeding (by filing a complaint) setting
forth the basis for the discharge objection. These types of debts include those
obtained by fraud or false pretenses and those resulting from a tort, among
others.
Issues related to the nondischargeability of a debt in a Chapter 7 bankruptcy were
recently examined by the United States Bankruptcy Court for the Western
District of Michigan. In the case, Trost v. Trost, Sherry Trost, the
plaintiff, sought to except from discharge debt owed by the debtors (her
stepson Zachary and his wife Kimberly) to her. The debt related to an ownership
dispute involving videotapes and other memorabilia from a television show, Michigan
Outdoors, that was created and operated by Fred Trost, Sherry's late husband
and Zachary's father. Sherry alleged that she became the owner of these assets
after Fred died, and that the debtors/defendants converted the property to
their own use. Read More ›
Tags: Chapter 7
The Fair Credit Reporting Act was created to help consumers dealing with errors on their credit report. When disputing something on your report, you will want to take action in the best possible manner. Otherwise, with one mistake, you will be forced deal with a host of problems. With this in mind, here are six... Read more »
The post Six Actionable Tips on Writing a Credit Dispute Letter appeared first on AllmandLaw.
The Fair Credit Reporting Act was created to help consumers dealing with errors on their credit report. When disputing something on your report, you will want to take action in the best possible manner. Otherwise, with one mistake, you will be forced deal with a host of problems. With this in mind, here are six... Read more »
The post Six Actionable Tips on Writing a Credit Dispute Letter appeared first on Allmand Law Firm PLLC.
The Fair Credit Reporting Act was created to help consumers dealing with errors on their credit report. When disputing something on your report, you will want to take action in the best possible manner. Otherwise, with one mistake, you will be forced deal with a host of problems. With this in mind, here are six […]
The post Six Actionable Tips on Writing a Credit Dispute Letter appeared first on Allmand Law Firm PLLC.
Personal Bankruptcy Filing Fees As of today, the court filing fee for a chapter 7 bankruptcy case is $335. The court filing fee for a chapter 13 bankruptcy case is $310. You should plan on having those funds available at the time you meet with your lawyer. The lawyer that you meet with is going+ Read MoreThe post What Does It Take To File Personal Bankruptcy In Chicago? appeared first on David M. Siegel.
The Facts A former client contacted me recently in an effort to obtain an official transcript for her daughter’s first year of high school at a private school. The facts of the case are undisputed. The debtor filed a chapter 7 bankruptcy in 2010. Later that year, the debtor’s daughter attended her first year at+ Read MoreThe post Private School Withholding Transcripts Despite A Bankruptcy Filing appeared first on David M. Siegel.
If you have no assets and your sole income is Social Security, then you may not have to file chapter 7 bankruptcy. It really depends upon your level of stress and aggravation that you can handle. Creditors are going to attempt to collect on a debt until they realize that they have no means to+ Read MoreThe post I’m On Social Security And I Have No Assets, Should I File Chapter 7 Bankruptcy? appeared first on David M. Siegel.
I am seeing any increase in potential bankruptcy clients who have parking tickets owed to the city of Chicago on their creditors list. It seems that it’s hard to live in the city of Chicago and not be subject to the wrath of parking tickets. And when you don’t pay those tickets on time, the+ Read MoreThe post City of Chicago Parking Tickets On The Rise appeared first on David M. Siegel.
Updated daily, this blog will keep you informed on the latest bankruptcy news! 
Learn more about how Bankruptcy works and what you need to know.