Articles from David M. Siegel

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What Is Involved In Preparing The Bankruptcy Petition?

Submitted by Anonymous (not verified) on Tue, 02/04/2014 - 18:50

The bankruptcy petition is the document that gets filed with the clerk of the United States bankruptcy court. The petition is basically everything about you financially. It encompasses all of your assets, your liabilities, your income, your expenses and your statement of financial affairs.

When Chapter 13 Bankruptcy Works Really Well

Submitted by Anonymous (not verified) on Mon, 02/03/2014 - 01:44

When Chapter 13 Bankruptcy Is Used Chapter 13 is a reorganization under the United States Bankruptcy Code.  Chapter 13 allows you to repay debt over a three to five-year period.  It’s most commonly used to save a home that’s been in foreclosure or to save a vehicle that’s been repossessed or to stop collection activity+ Read MoreThe post When Chapter 13 Bankruptcy Works Really Well appear

I Am Considering Filing Bankruptcy, When Should I Take The Pre-Filing Credit Counseling?

Submitted by Anonymous (not verified) on Sat, 02/01/2014 - 00:11

A credit counseling session must be taken prior to a bankruptcy case being filed. You want to make sure that you do not take the credit counseling too far in advance of your bankruptcy filing.

Case Study For Santana From Chicago, Illinois

Submitted by Anonymous (not verified) on Fri, 01/31/2014 - 18:43

This is a case of Santana Magentey who comes to me from South Ellis Ave., Chicago, IL. Santana is coming to me for a free, initial consultation regarding bankruptcy. She basically wants to know if she can re-file a chapter 7 bankruptcy case to obtain a new start.

Should I Be Reaffirming On My Car If I’m Upside Down?

Submitted by Anonymous (not verified) on Fri, 01/31/2014 - 17:13

When you file for chapter 7 bankruptcy and you have a secured vehicle, you have three choices which you can make. You can either reaffirm on the debt, you can redeem on the debt or you can surrender the property in full satisfaction of the debt.

Do I have to go on payroll control for Chapter 13?

Submitted by Anonymous (not verified) on Wed, 01/29/2014 - 22:16

Chapter 13 Bankruptcy – Payroll Control In some jurisdictions, payroll control is mandatory.  This is where the money to pay your Chapter 13 trustee is deducted by court order out of your pay.  Now, payroll control can only work if you have a job.  If you are self-employed, or if you are on unemployment, if+ Read MoreThe post Do I have to go on payroll control for Chapter 13? appeared first on

In My Bankruptcy Case, Why Do I Need To Reaffirm On A Car But Not On My House?

Submitted by Anonymous (not verified) on Tue, 01/28/2014 - 17:34

The Code Dictates The bankruptcy code is what governs every issue of a bankruptcy filing. Under chapter 7 bankruptcy law, the bankruptcy code dictates as to what must be done with regard to particular, secured property.

What Are The Advantages Of Filing Bankruptcy With An Attorney?

Submitted by Anonymous (not verified) on Mon, 01/27/2014 - 21:16

If you file bankruptcy with an attorney, you’re going to get assistance throughout the process. Your attorney is going to know exactly what needs to be done with your case. This all starts with the very first consultation.

Why Do People Hesitate To File Bankruptcy?

Submitted by Anonymous (not verified) on Sat, 01/25/2014 - 00:07

Reasons To File Bankruptcy People hesitate to file bankruptcy for a variety of reasons.  The first is the name bankruptcy has a negative connotation which has been around for centuries.  The truth is bankruptcy was put in place to help people who are struggling financially.  Bankruptcy is not a scarlet letter that someone has to+ Read MoreThe post Why Do People Hesitate To File Bankruptcy? appeared first

My Sheriff Sale Date Has Passed. Will Chapter 13 Bankruptcy Help Me?

Submitted by Anonymous (not verified) on Fri, 01/24/2014 - 19:11

If you’re looking to save a home from foreclosure, chapter 13 will help you provided you file your bankruptcy case before a Sheriff sale has taken place. Chapter 13 will allow for you to pay back your mortgage arrearages over a three to five-year period.

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