Articles from David M. Siegel

Can Bankruptcy Stop My Car From Being Repossessed?

One of the great things that chapter 13 bankruptcy can accomplish is the return of a vehicle that was repossessed. Your vehicle remains your property until such time that it is sold at auction.

How To Have A Smooth Chapter 7 Bankruptcy?

Follow Advice For A Smooth Chapter 7 If you want a chapter 7 bankruptcy case to go smoothly, then you want to follow all of the advice of your attorney. This advice starts with being open and honest regarding your financial situation.

What To Expect At The Bankruptcy Court Date

The Bankruptcy Court Date When you file for Chapter 7 or Chapter 13 bankruptcy, you’re going to have to appear at a 341 meeting of creditors. It is called a 341 meeting of creditors because section 341 of the bankruptcy code requires a debtor to appear and be examined under oath. This 341 meeting of+ Read MoreThe post What To Expect At The Bankruptcy Court Date appeared first on David M. Siegel.

Why Do I Like Being A Chapter 13 Bankruptcy Attorney?

Chapter 13 Bankruptcy Attorney And Saving Property Being a Chapter 13 bankruptcy attorney puts me in a unique situation.  It allows me to help somebody either save a home from foreclosure or save a vehicle from repossession or otherwise reorganize unsecured and secured debt over a period of 3 to 5 years.  When people come+ Read MoreThe post Why Do I Like Being A Chapter 13 Bankruptcy Attorney? ap

What Happens With My Wage Garnishment Prior To Filing For Bankruptcy?

The Automatic Stay Stops The Wage Garnishment When you file for bankruptcy, you obtain an automatic stay. The automatic stay is the instrument which basically tells creditors that they can no longer take certain actions in an effort to collect a debt from you.

What Do Clients Experience After Filing Bankruptcy?

Positive Experience After Filing Bankruptcy The overwhelming majority of my clients who go through filing bankruptcy through my office find it to be a very positive and rewarding experience.  They get to start over again financially.  They are allowed to obtain credit immediately after filing and that might take the place of a credit card+ Read MoreThe post What Do Clients Experience After Filing B

What Information Do I Need To File For Bankruptcy?

Information For You Bankruptcy Attorney When you are filing for bankruptcy, your attorney is going to want to know a series of information from you.  Most importantly, he’s going to want to know what you own, what you owe, what you earn and what you spend.  In my office, we have developed a confidential bankruptcy+ Read MoreThe post What Information Do I Need To File For Bankruptcy? appeared first on

What Percentage Gets Paid Back In A Chapter 13 Bankruptcy?

The Percentage Will Depend Many clients want to know what percentage is going to get paid back to creditors if they file chapter 13 bankruptcy. The answer to this question depends on a number of different factors. First, the debtor’s income is factored into the equation right from the start.

How long does a Chapter 7 bankruptcy case take?

A Chapter 7 bankruptcy case can take can take anywhere from 3 to 4 months if someone moves very quickly.  Allow me to explain.  Chapter 7 involves the filing of a bankruptcy petition.  The bankruptcy petition has to be prepared, signed by the client; the client must then take credit counseling and provide the most+ Read MoreThe post How long does a Chapter 7 bankruptcy case take? appeared first o

When To Apply For Credit After Filing Bankruptcy?

Immediately after filing a bankruptcy case you have the ability to apply for credit. Most lenders are going to want to have you wait approximately 6 months to two years before extending you any kind of unsecured credit. You can apply for auto financing immediately after a bankruptcy filing.

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