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Category Archive: Bankruptcy
May
15
May
01
Did you know……………..
Did you know…………….. A bankruptcy trustee can recover payments made to unsecured non-priority creditors within 90 days of filing, or within 1 year for insiders, unless the payment was a contemporaneous exchange for new value or made in the ordinary course. 11 U.S.C. §547(a)(4). A cash advance returned by the debtor within 18 days of …
Apr
30
The Usual Waiting Periods between Bankruptcy Filings
The Usual Waiting Periods between Bankruptcy Filings The waiting period from one bankruptcy filing to the next is 4, 6 or 8 years, depending on the Chapter of the prior bankruptcy and the Chapter of the new case being filed: 2 years: Prior Chapter 13 case to new Chapter 13 case. 4 years: Prior Chapter …
Apr
16
Are Vehicle Black Boxes a Good Idea?
Are Vehicle Black Boxes a Good Idea? Most new cars have a data recorder (known as a “black box”) that captures a assortment of information, for example speed and seat belt usage before and after a crash. A new rule projected by federal safety officials would make this technology binding in 2014. Followers say that …
Apr
09
Words of Wisdom
Words of Wisdom Don’t spend more than you earn Don’t use credit. If you can’t pay cash, then don’t buy it If you borrow, never risk what you cannot afford to lose Don’t waste resources; make do with what you’ve got Living on less is a good thing Turn the lights off behind you; don’t …
Apr
01
Bankruptcy Information
Bankruptcy Information Trustees may not avoid equitable subrogation claims under 11 USC §544(a) (3) where a lis pendens was filed during the preference period. Green v. HSBC Mortgage Services, Inc., 2012 WL 3046976 (Bankr.D. 7/25/12) The sale of property subject to a lien without the consent of the lien holder constitutes willful and …
Feb
05
Expenses in Bankruptcy
If you’re filing bankruptcy, you’ll need to know your monthly expenses, things like food, clothing, and transportation even medical. And you need to help your attorney know those expenses, too. Your attorney is not a mind reader so your information is critical to your case. Truly budgeting for expenses is tremendously important. Expenses can determine …
Dec
27
NACBA WARNS OF DEBIT SETTLEMENT DANGERS
The following is information straight from the Consumer Bankruptcy News December 2012 Edition. “NACBA WARNS OF DEBIT SETTLEMENT DANGERS As few as one in 10 consumers who are lured into so-called “debt settlement” schemes actually end up debt free in the promised period of time, according to a consumer alert issued by the National Association …
