Category Archive: General

Sep
13

Bankruptcy and Divorce

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Deciding whether you should file for bankruptcy before or after a divorce depends on quite a few things, including how much debt and assets you share, which state you live in, and which chapter of bankruptcy you should file. Here are a few issues you must consider before making your assessment.  The filing fees for …

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Jul
23

Chapter 7 No-Asset Bankruptcy Case

If you can exempt all of your property, the Chapter 7 trustee cannot sell any of your assets to pay your creditors. This is referred to as a Chapter 7 no-asset bankruptcy. The majority of Chapter 7 bankruptcies are no-asset cases. If all of your assets are exempt, the trustee will normally file a no-asset …

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Jul
15

Abandonment of Property

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In a Chapter 7 Bankruptcy case, typically property that can’t be exempted is sold and distributed to creditors by the trustee. Nevertheless, at times property is troublesome or of little value to the bankruptcy estate. In these circumstances, abandonment of the property is fitting. If the case is going to be open for a while …

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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 …

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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 …

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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 …

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Apr
08

New Rule Implements Dress Code for Attorneys

Below is a link to a great article written by Becky Bye! Interesting and well written! http://www.denbar.org/docket/doc_articles.cfm?ArticleID=8049

May
30

Tips on Bankruptcy Courtroom Etiquette

It never surprises us as to how people act in bankruptcy court regardless if it is the attorney, debtors or creditors. As with all things, common courtesy and respect are skills that will take you far. But sometimes what I think should be natural to people are things that others just don’t think about or …

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Apr
27

Is a $500 Bankruptcy really too good to be true??

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Is a $500 Bankruptcy really too good to be true?? The answer is NO! There are a lot of law firms out there that would like you to believe this. So, let’s cover some questions you may have. If other law firms charge upwards of $1500 to file a bankruptcy you may think to yourself, …

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Jul
28

Moving Upstairs!

We are in the process of moving upstairs, and boy, it will be an improvement! It’s a lot brighter, a lot more spacious, and more friendly. The waiting lobby will be very soothing, so that you will not be worried about anything in the bankruptcy process. Pictures will be coming soon, stay tuned!

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