Press Room

While many people are familiar with chapters, 7, 11, and 13 another chapter that is available is chapter 12. A chapter 12 is agricultural and is for “family farmers” or “family fishermen.” with “regular annual income.” The chapter 12 allows for farmers and fishermen to reorganize their debts in a reorganization plan to pay all...

When a debtor files for bankruptcy the court charges a filing fee to file the case. For a chapter 7 case the courts charge a $245 case filing fee, a $75 miscellaneous administrative fee, and a $15 trustee surcharge. These fees are paid to the clerk when the case is filed. Although with a chapter...

A chapter 7 is a liquidation chapter. This means that a chapter 7 Trustee can sell or liquidate property to pay off your creditors. A chapter 7 Trustee can only sell property that is non-exempt. Most Debtors will find that all of their property is exempt. Each state has its own exemption laws and some...

In part two of our blog on credit scores, we will discuss how to rebuild your credit score after completing a bankruptcy. While the filing of bankruptcy places a negative report on your credit, rebuilding your credit rating after completing a bankruptcy is a manageable task. Once completing a bankruptcy, the debtor’s credit report will...

In this series on Credit Scores, I will discuss the various types of credit reports and the factors which influence your credit score. Credit reports consist of detailed information regarding an individual’s current and past financial obligations. Credit scores are essentially a numerical grade of the information contained within the credit report. These scores are...

A lot of my clients have not previously filed for bankruptcy. One of the most common questions is gaining an understanding of the general timeline and process of your typical Chapter 7 Bankruptcy. In general, Chapter 7 is the quickest bankruptcy to complete. The typical Chapter 7 case is completed within three to six months...

Many clients I meet with are concerned that they will have to surrender their house and car if they file bankruptcy. As long as you can afford to maintain the payments on the mortgage and car note, you will not lose either in a bankruptcy filing. Most states provide exemptions for your house and car...