Despite the image and stigma associated with bankruptcy, financial reorganization of failing businesses (and nonprofit organizations) through Chapter 11 bankruptcy is actually helping the economy by giving companies a chance to find new financing, reject onerous contracts, renegotiate leases, and expedite the sale of assets.

Georgia foreclosure law allows lenders to start and complete the mortgage foreclosure process in as little as 37 days.  This means that just over a

Myra Holmes, 55, was recently convicted by a federal jury of one count of bankruptcy fraud, one count of bank fraud and three counts of making a false statement to a bank.  There were two other false statement accounts Holmes was acquitted on after a recent 3-week court trial.  Her conviction includes taking more than [...]

The worst thing you can do for your credit is to allow inaccurate or out of date information to remain on your credit report. By simply checking your credit report, you can stay apprised of all suspicious action.

Joint Debtor and Co-Debtor sounds like the same thing or same debtor, but they have distinct meanings in bankruptcy. A person who owes money along with you on a given obligation is your  joint debtor; whereas, a person who files bankruptcy with you is your co-debtor. For example, a parent who co-signs a student loan for you is your joint debtor. Your wife who files bankruptcy with you is your co-debtor.
You can be a co-debtor without being a joint debtor on anything.
 
 

In Oregon, the Confirmation Order signed by the Bankruptcy Judge approving your Chapter 13 Plan, specifies that you should not incur any credit obligations during the life of your plan without the Trustee’s written consent. The only times you can buy on credit without the Trustee’s written approval would be in an emergency(as you can imagine this is interpreted pretty narrowly) and in the case of ordinary expenses for a business approved in your plan.

Our managing attorney, Christopher Jones, just received board certification as a Consumer Bankruptcy Specialist.  This is a demanding process that he completed with the American Board of Certification (ABC) over the past three years.  ABC is a non-profit organization dedicated to serving the public and improving the quality of the bankruptcy bar.  The rigorous certification [...]The post Attorney Chris Jones Joins Ranks as Board Certified Bankruptcy Specialist

Making the decision to file bankruptcy brings you one step closer to achieving the fresh start you’re looking to achieve.  In regaining financial control you want to ensure you follow the process thoroughly in order to obtain a favorable outcome.  One of the most important aspects in establishing a positive working relationship between you and [...]

Handling Creditor Claims, Distributing Property and the Discharge   After the meeting of creditors, the trustee will begin to sell or convert to cash any of your property available in a Chapter 7 bankruptcy. While this is happening, the trustee handling your bankruptcy case will evaluate the claims made by your creditors. A claim is [...]

How do you know if you are suffering collection harassment, and when is it time to seek an attorney? If you are constantly harassed, embarrassed, or threatened by collection agencies, it is likely you are a victim. According to an article by ABC News, the Federal Trade Commission (“FTC”) received more than 150,000 complaints about collection agency debt collectors in 2012.