A Chapter 7 Trustee’s job in a business bankruptcy is twofold. First, he or she must verify that the information...
If you are closing down your small business because of financial reasons, you may wonder why you should spend money...
In a Chapter 13 Bankruptcy, the Debtor needs to file a Plan which outlines how they will address their debt. ...
Chapter 13 is a reorganization in bankruptcy available for individuals. The debtor will retain his or her assets and propose...
The purpose of a Chapter 7 bankruptcy is to obtain a “fresh start” by eliminating debt, and it is the...
A common misconception is that a person cannot get credit for seven years after filing bankruptcy. There is no law...
Many people feel there will be a tremendous stigma attached to their filing for bankruptcy. There is no question there...
You do not need to be destitute in order to file for bankruptcy. So if you are employed and earning...
A Chapter 13 bankruptcy can be useful in dealing with the Internal Revenue Service and the Massachusetts Department of Revenue. ...
An exemption, in essence, is a value towards particular property which can be protected by the debtor. This amount cannot...
We always discuss alternatives to bankruptcy with our clients because it is an important financial decision and you should be well informed of your options.
We occasionally receive telephone calls from people concerned about their aging parent's financial situation. The first step is to sit down with your parent and review their financial records and bills to understand their assets and liabilities. It is also important to know what creditors can and cannot do to collect a debt.
We occasionally have people ask us of they can file a joint bankruptcy petition with their live-in significant other. The answer is no. Only spouses can file a joint bankruptcy petition. Because bankruptcy is federal law, same-sex spouses can file a joint bankruptcy petition regardless of their states' laws on same-sex marriage.
You may have heard the term "Chapter 20" bankruptcy before.
Every couple of years, the Bankruptcy Court releases updated figures for the median income of families based upon their location...
Every Debtor must complete two courses on financial literacy to successfully complete his/her bankruptcy.
When you file for bankruptcy, all of your assets become part of the bankruptcy estate and are available for distribution to your creditors unless you can exempt the asset using either the Federal or State exemptions.
Most people have certain debts they want to pay off first when they have the money, such as loans from...
People considering bankruptcy, often feel like they are the only ones going through this tough time.
Yes, a Chapter 13 does not prevent you for selling assets, but any sale requires court approval.
When you file a Chapter 13 bankruptcy an automatic stay goes into effect immediately upon the filing of your case.
Chapter 13 does not put any restraints on where you can live and work.
You should list your current and married name on your bankruptcy petition.
Oftentimes clients express a desire to leave one of their credit cards off their bankruptcy filing.
Once you file a bankruptcy, a Trustee will be assigned to your case.
“ Dear Attorney Ullian – Thank you so much for all the legal help and advice that you have given me. … It has been quite a while since I've actually been able to see a light at the end of the tunnel. However, with your assistance that light is beginning to shine much brighter. … ”
D.J.
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