An important part of making your decision to file bankruptcy is deciding which type of bankruptcy is right for you. For the most part you will be making the decision to file chapter 7 or chapter 13. Although it is possible to “convert” or switch from chapter 7 to chapter 13 or vice versa, it […]The post Choosing the Right Type of Bankruptcy appeared first on Tucson Bankruptcy Attorneys Trezza & Associates.

The automatic stay is one of the reasons why bankruptcy can be a powerful tool in helping you regain control of your finances.  It is often seen as a stop sign to creditors or anyone looking to proceed with legal action against you.  Whether you are behind on paying your bills or feel repossession is [...]

There are several things that you should not do if you are considering filing for bankruptcy under either Chapter 7 or Chapter 13.  One of the things that people do which is a prohibited act is repaying a family member or a friend within a year of filing for bankruptcy.  This is known as a+ Read MoreThe post Is there anything

In the pre-BAPCPA decision of In re Arispe, 289 B.R. 245 (Bankr.S.D.Fla.)(Mark, C.J.), the court held that a debtor who is a resident in Florida but not a domicile of Florida is entitled to claim the Section 522(d) federal exemptions as the Florida opt-out statute only applies to those domiciled in Florida.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for August 13, 2013 Electric car charging company Ecotality could file for bankruptcy German VFX Company CinePostproduction Files for Bankruptcy Rothstein bankruptcy distributes $95.8M  

Brandon Barber recently pled guilty to several charges including money laundering and bankruptcy fraud.  He reportedly changed his plea to guilty from not guilty when appearing in court this week for a hearing.  While other people were involved in what investigators are calling a real estate scheme, Barber plead guilty to one count of bankruptcy [...]

By ARDEN DALE

As offshore accounts draw greater scrutiny, some financial advisers are having their clients use a special trust as an alternative strategy to shield their assets from potential lawsuits.

So far, 15 states allow the creation of domestic asset protection trusts, which safeguard securities or other assets of the owner. In the past, they weren't widely used and few states allowed them.

Before paying off your debts by taking out student loans, consider the consequences.
Ever take out a federal student loan and think to yourself, “Hey – I should take out a little extra and pay off my credit cards!”
How did that work out for you?

Debtors exploring the option of filing Chapter 7 bankruptcy on their own without an attorney, (pro se) may be in for a few surprises if they do not know what they are getting themselves into. While it is true you have the option to file on your own, it is often not advised for debtors [...]

When your bankruptcy trustee files a notice of abandonment, it’s time to celebrate.
When you file for bankruptcy, something called an estate is created.