Submitted by Anonymous (not verified) on Fri, 05/23/2014 - 18:45
In every Chapter 7 bankruptcy case, there is a Trustee appointment by the court to oversee the administration of your case. In most cases, there are no assets to be administered. However, the Trustee still needs to do an investigation to make certain.
Submitted by Anonymous (not verified) on Fri, 05/23/2014 - 00:35
Chapter 7 & Foreclosure Filing bankruptcy can go a long way toward saving a home that’s in foreclosure. Each chapter of the bankruptcy code will affect the outcome or the continuation of a foreclosure case differently. Under chapter 7 bankruptcy law, and automatic stay will kick in which will temporarily halt a foreclosure case.
Submitted by Anonymous (not verified) on Thu, 05/22/2014 - 20:38
You don’t have to be employed to file Chapter 13 bankruptcy. However, you do need a steady source of income to be able to fund the chapter 13 plan. This income could be Social Security, disability, rental income, investment income, unemployment benefits and other sources of income such as family assistance.
Submitted by Anonymous (not verified) on Thu, 05/22/2014 - 03:14
Bankruptcy Courts extremely frown upon the "serial filings" of bankruptcy cases. Serial filings involve the multiple filings of bankruptcies within a short period of time usually by related persons usually to keep stopping foreclosure sales or evictions.
Submitted by Anonymous (not verified) on Thu, 05/22/2014 - 03:14
Bankruptcy Courts extremely frown upon the "serial filings" of bankruptcy cases. Serial filings involve the multiple filings of bankruptcies within a short period of time usually by related persons usually to keep stopping foreclosure sales or evictions.
Submitted by Anonymous (not verified) on Wed, 05/21/2014 - 04:48
Oregon bankruptcy filers inevitably ask whether they ever be able to rebuild their credit scores after their bankruptcy cases are completed. The answer is a resounding yes and it doesn’t need to take seven years. Concerns about credit after bankruptcy can be a real stumbling block for Oregonians who really need to file. They want to finance a house, rent a better apartment or purchase a vehicle, but they think that bankruptcy will only push those dreams even further away than they are now.
Submitted by Anonymous (not verified) on Tue, 05/20/2014 - 23:22
Heard a commercial last week for Freedom Debt Relief on WTOP. They said that Freedom Debt Relief offers a “unique” alternative that will save “the most money” and get people out of debt in the “shortest amount of time.” I’ve sued a couple debt relief operations, most notably Legal Helpers Debt Resolution.
Submitted by Anonymous (not verified) on Tue, 05/20/2014 - 19:00
One of the fundamental tenets of a business bankruptcy reorganization plan under
Chapter 11 of the Bankruptcy Code is the "absolute priority rule."
This rule, codified in section 1129(b)(2)(B)(ii) of the Bankruptcy Code,
provides that every unsecured creditor must be paid in full before the debtor
can retain any property under a reorganization plan. Chapter 11, however, is
not solely the domain of business debtors. Individuals (who more commonly seek
protection under Chapters 7 and 13) may also file for Chapter 11. So how does