You’ve filed your chapter 13 bankruptcy paperwork and submitted your schedules and payment plan. The meeting of creditors is completed and you’ve answered the trustee’s questions. The next step in the process is your confirmation hearing. In some courts, the confirmation hearing will happen on the same day as the meeting of creditors. In [...]

  You’ve filed your chapter 13 bankruptcy paperwork and submitted your schedules and payment plan. The meeting of creditors is completed and you’ve answered the trustee’s questions. The next step in the process is your confirmation hearing. In some courts, the confirmation hearing will happen on the same day as the meeting of creditors.

 
When an individual files for bankruptcy protection they are required by law to disclose all of their assets and all of their liabilities.  What exactly does that mean?

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 25, 2013 Bankruptcy judge issues arrest warrant for former Michael Jackson doctor Big city waste contractor in bankruptcy sale Fisker Automotive, struggling plug-in hybrid automaker considering filing for bankruptcy

While many consumers struggle to make payments on their medical bills, there are doctors facing a similar struggle; except it involves keeping their businesses afloat.  The American Bankruptcy Institute’s health care committee has noticed a spike in Chapter 11 bankruptcy filings by doctors with 8 being filed in recent weeks alone.  Industry experts have noticed [...]

Due to severe budgetary constraints, the United States Trustee is no longer designating bankruptcy cases for random audits. Bankruptcy attorneys across both Oregon and Washington who had to cope with the burdensome audit requirements aslong with their clients are now breathing a heavy sigh of relief

One of the most important elements debtors should review when considering bankruptcy is how personal debt is handled by the court.  When you file, you are required to list outstanding debt including loans owed to friends or family.  Depending on the chapter you file they are handled differently.  For the most part, these types of [...]

Here at Shenwick & Associates, we often get questions from clients if they may transfer a house or an apartment from one spouse to the other after being sued or prior to a bankruptcy filing. In In re Panepinto, Case No. 12-11230K (Bankr. W.D.N.Y., Feb. 25, 2013), an upstate Bankruptcy Court considered this question and held that such a transfer could be a fraudulent conveyance and set aside.

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