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The Means Test: "Household" Size and Contributions

Submitted by Anonymous (not verified) on Fri, 06/19/2015 - 01:25

Miami Personal Bankruptcy Lawyer Jordan E. Bublick has over 25 years of experience in filing Chapter 13 and Chapter 7 bankruptcy cases. His office is centrally located in Miami at 1221 Brickell Avenue, 9th Fl., Miami and may be reached at (305) 891-4055. www.bublicklaw.com

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Early Bankruptcy Laws in the United States

Submitted by Anonymous (not verified) on Thu, 06/18/2015 - 03:36

Colonial Bankruptcy Laws
In the American colonial era, many of the states had bankruptcy and insolvency laws. Imprisonment for debt was commonplace.

Bankruptcy Act of 1800

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The Bankruptcy Automatic Stay

Submitted by Anonymous (not verified) on Wed, 06/17/2015 - 22:03

With certain exceptions, the filing of a bankruptcy petition immediately and automatically puts into place a court order of a stay of collection action applicable to all entities against actions by creditors against the person who filed for bankruptcy relief as well as his property.

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Chapter 13 Bankruptcy

Submitted by Anonymous (not verified) on Wed, 06/17/2015 - 02:30

Chapter 13 bankruptcy is described as "Adjustment of Debts of an Individual with Regular Income" in the Bankruptcy Code. Although it is not referred to as a "reorganization" as is chapter 11, it is actually quite similar to chapter 11.

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Bankruptcy Creditors' Meeting

Submitted by Anonymous (not verified) on Tue, 06/16/2015 - 15:07

In a chapter 7 or 13 bankruptcy case, a "creditors' meeting" is held three to seven weeks after the case is filed. The bankruptcy code requires this meeting to be held. Although called a "creditors' meeting," in most cases no creditors attend.

A chapter 7 creditors' meeting is usually presided over by the chapter 7 trustee and a chapter 13 creditors' meeting by the standing chapter 13 trustee. The debtor is required to attend to creditors' meeting unless there are special circumstances to excuse attendance.

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Differences in Lien Stripping between Chapter 7 and 13

Submitted by Anonymous (not verified) on Tue, 06/16/2015 - 01:18

In a much awaited decision, the United States Supreme Court ruled in favor of Bank of America and held that "underwater" mortgages are not avoidable in a chapter 7 liquidation case. Noteably, the ruling did not involve a chapter 13 situation.