Submitted by Anonymous (not verified) on Wed, 05/27/2015 - 19:00
When an individual contemplates filing for bankruptcy protection, he or she has a few options. One is to file a Chapter 7 case, and another is to file a Chapter 13 case. In a Chapter 7, all of a debtor’s non-exempt assets are transferred to a bankruptcy estate to be liquidated and distributed to creditors. In a Chapter 13, the debtor retains assets and makes payments to creditors according to a court-approved plan. Read More ›
Submitted by Anonymous (not verified) on Wed, 05/27/2015 - 17:51
Recovering Your Vehicle More and more clients are filing chapter 13 bankruptcy to recover their vehicle which was impounded by the city of Chicago. This is the very common case where someone with Chicago parking tickets winds up on the boot list and eventually their vehicle gets impounded. They also receive a notice from the+ Read More
Submitted by Anonymous (not verified) on Sat, 05/23/2015 - 21:59
Florida Statutes section 440.02 provides for the exemption of worker's compensation claims or benefits due or payable under Florida Statutes, Chapter 440.
Submitted by Anonymous (not verified) on Fri, 05/22/2015 - 22:04
The confirmation order entered in every Oregon Chapter 13 Bankruptcy requires you to report to the Trustee if your actual or projected gross income increases by ten percent. The income figures included in Schedule I of your Bankruptcy Schedules filed with the Oregon Bankruptcy Court before confirmation serves as the baseline for determining whether there has been a ten percent increase.
Submitted by Anonymous (not verified) on Wed, 05/20/2015 - 22:10
By Jessica Silver-Greenberg
Two of the nation’s biggest banks will finally put to rest the zombies of consumer debt — bills that are still alive on credit reports although legally eliminated in bankruptcy — potentially providing relief to more than a million Americans.
Bank of America and JPMorgan Chase have agreed to update borrowers’ credit reports within the next three months to reflect that the debts were extinguished.
Submitted by Anonymous (not verified) on Wed, 05/20/2015 - 21:16
By Associated Press ST. AUGUSTINE, FLA. — First came the health problems. Then, unable to work, Ada Noda watched the bills pile up. And then, suffocating in debt, the 80-year-old did something she never thought she'd be forced to do. She declared bankruptcy.
While the bankruptcy filing rate for those under 55 has fallen, it has soared for older Americans, according to a new analysis from the Consumer Bankruptcy Project, which examined a sampling of noncommercial bankruptcies filed between 1991 and 2007.
Submitted by Anonymous (not verified) on Tue, 05/19/2015 - 19:00
Check out this webinar on our YouTube channel to identify common mistakes that lenders make before and during consumer bankruptcy cases – and how to avoid those mistakes to better protect the lender's rights and collateral.