Articles from Robert Weed

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My video explains the court papers you sign where we file your case with the bankruptcy court.

Submitted by Anonymous (not verified) on Mon, 12/25/2023 - 23:48

Your Bankruptcy Papers
“Here are the papers we sign and file, to get your bankruptcy officially started. This is a half-hour video.”
 

You Don’t Want a Tax Refund in Chapter 13

Submitted by Anonymous (not verified) on Mon, 12/25/2023 - 23:09

When you’re in chapter 13, you don’t want a tax refund. Why? If you get a refund more than $250.00, you have to send it in to the bankruptcy trustee. So you don’t want to over-withhold.
You also don’t want to under-withhold. Why? Because on April 15, you’ll owe a tax payment. And you probably won’t have money available to pay it.
So you want as far as possible to break even when the taxes are filed.

Miscellaneous Virginia Bankruptcy Questions

Submitted by Anonymous (not verified) on Mon, 12/25/2023 - 22:59

What About ….?
What about my bank account?
Filing bankruptcy does not force you to close your bank account. (Many credit unions will fire you as a customer.) If your credit is already so bad you can’t open an account, try TD Bank, a new bank in Northern Virginia. Another option is Wood Forest Bank, in some of the larger Walmarts, including the one on Liberia Avenue in Manassas..
What about immigration status?

Rats! I need a new car and I’m stuck in Chapter 13

Submitted by Anonymous (not verified) on Wed, 09/06/2023 - 00:37

Do You Need to Finance a Car in Chapter 13? The last thing you want to do is get further into debt while you are in Chapter 13.  (The goal of Chapter 13 is to get out of debt.)  But sometimes you need to replace a broken down junker. So, you need financing for a […]

Rats! I need a new car and I’m stuck in Chapter 13

Submitted by Anonymous (not verified) on Wed, 09/06/2023 - 00:37

Do You Need to Finance a Car in Chapter 13? The last thing you want to do is get further into debt while you are in Chapter 13.  (The goal of Chapter 13 is to get out of debt.)  But sometimes you need to–most often if you need to replace a junker car. There are […]

Chapter 13 Payment Information

Submitted by Anonymous (not verified) on Sun, 06/04/2023 - 22:08

Here’s How You Can Make Your Chapter 13 Payments in the Alexandria VA Bankruptcy Court The bankruptcy law tells you to make your first Chapter 13 payment one month after your bankruptcy case is filed.  If you forget, or bounce, your first payment, the Chapter 13 trustee can dismiss your case. (That means DO NOT […]

Inflation Adjustment for Family of Two Goes the Wrong Way

Submitted by Anonymous (not verified) on Tue, 05/16/2023 - 02:45

Bankruptcy Means Test Inflation Adjustment for Family of Two Goes the Wrong Way Budgeting food and clothes in the bankruptcy court for a family of two just got harder. According to the Justice Department (who gets them from the IRS, who gets them from the Bureau of Labor Statistics), the average cost of food, clothing […]

Bankruptcy Trustee Hearings Will Soon Be on Zoom

Submitted by Anonymous (not verified) on Sun, 04/30/2023 - 20:33

Bankruptcy Court Trustee Hearings Will Soon Be On Zoom Bankruptcy Trustee hearings are now telephonic. That started for the pandemic, effective April 9, 2020. They are moving to Zoom, soon. Associate Attorney General Vanita Gupta made that announcement Friday at the annual convention of the National Association of Consumer Bankruptcy Attorneys.  Colorado, Wyoming, and Utah […]

Paying Your Mortgage with Money Order is a Bad Idea

Submitted by Anonymous (not verified) on Wed, 04/19/2023 - 19:25

Paying Your Mortgage with Money Orders is a Bad Idea Handing somebody a money order to buy a car or something–that’s sometimes safer than cash.  But mailing a money order to pay your mortgage–that’s almost always a bad idea. Let me tell you about Norman.  Norman filed Chapter 13 bankruptcy with different lawyer.  He later […]

Inflation Adjustment on income–But not on Expenses

Submitted by Anonymous (not verified) on Mon, 04/03/2023 - 00:00

Bankruptcy income eligibility got easier April 1, 2023 Income eligibility to file Chapter 7 bankruptcy in Virginia got easier April 1, 2023.  The median income–that’s the cutoff for automatic eligibility based on income–shot up six to ten thousand dollars. The median income for a family of four increased from $124,304 to $134,252.  For a family […]

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