Category Archive for : ‘Bankruptcy’

Individuals typically file bankruptcy because of mounting debt. In addition to discharging credit card and medical bills, there are other benefits for individuals filing bankruptcy. One of these potential benefits is the ability to lower car loans through Chapter 13 bankruptcy.

As most people are aware, cars depreciate in value greatly and almost immediately after purchase. The result is that car values are often lower than the loans associated with those vehicles. So as long as an individual purchased a vehicle at least 910 days prior to filing bankruptcy, he or

The goal of every consumer bankruptcy case under Chapters 7 or 13 is to ultimately obtain a discharge. Among the various responsibilities that a Debtor has in order to obtain a discharge is the requirement to take a second bankruptcy course by the statutorily-imposed deadline. This second course is typically known as a course in financial management or debtor education. If the course is not taken and certificate filed timely, a case will generally be dismissed without entry of a discharge.

However, if this does happens there is no need to

While bankruptcy is meant to give a person a fresh start, it does sometimes happen that a person finds him or herself in dire straits even after receiving a bankruptcy discharge. This person may inevitably ask the question – can I file again?

Filing Chapter 7 after receiving a Chapter 7 discharge

If you have previously received a Chapter 7 discharge, you can only receive another Chapter 7 discharge if you wait eight (8) years from the date of filing the first case, to file your next case.

Filing Chapter 13 after receiving a

Oftentimes, the use of a court-appointed receiver can be devastating for the owner of a piece of property. A common example is when a lender seeks the appointment of a receiver to oversee the business of rental property and intercepts revenue while it attempts to foreclose on the property. In this scenario, filing Chapter 11 Bankruptcy can be a viable solution for the property owner.

If a property owner chooses to file Chapter 11 Bankruptcy prior to the appointment of a receiver, the filing will trigger an automatic stay in the