Submitted by Anonymous (not verified) on Mon, 04/14/2014 - 23:36
The automatic stay in the most powerful tool when filing bankruptcy. The automatic stay provides a shield of protection against most collection efforts. In the video below, we discuss just how powerful the stay is when filing a bankruptcy case.
Submitted by Anonymous (not verified) on Mon, 04/14/2014 - 22:04
Real Housewives stars Teresa and Giuseppe “Joe” Giudice only paid a small fraction of their debt obligations in the total of $7,500 according to their bankruptcy trustee. Due to criminal charges against the couple it is likely creditors can pursue them for payment again. They have outstanding debt obligations of more than $13 million. The […]
Submitted by Anonymous (not verified) on Mon, 04/14/2014 - 21:49
In previous blogs, I have written introductory information about the basic process in chapter 13 bankruptcy. In this next series of articles, I will discuss some of the issues surrounding chapter 13. In order to file chapter 13, you must be an individual with regular income. There are limits to the amount of debt you can have and still be eligible to file chapter 13. As of April 1, 2013 the limits are now $1,149,525.00 for secured debt and $383,175.00 for unsecured debt. These numbers are adjusted every three years.
Submitted by Anonymous (not verified) on Mon, 04/14/2014 - 00:46
The bankruptcy code provides that the bankruptcy estate includes, with certain exceptions, all legal or equitable interests of the debtor as of the date of the filing of the bankruptcy case.
Submitted by Anonymous (not verified) on Sat, 04/12/2014 - 18:07
Bankruptcy court decisions are normally appealed to the location's federal district court. Certain standards are used by a district court in making its decision upon appeal.