Blog Posts in June, 2010
Posted on Jun 30, 2010 By Majed
The federal bankruptcy code provides stringent protection for debtors and their employment during the filing process. According to Section 525(b) of the code: (b) No private employer may terminate the ...
Continue reading "Can I Lose my Job for Filing for Bankruptcy?" »
Posted on Jun 28, 2010 By Majed
Everything is bigger in Texas, even bankruptcy filings. According to the United States Trustee Program, Chapter 7 filings in the Lone Star State increased by 83% between 2007 and 2009. In 2007 over ...
Continue reading "Chapter 7 Filings on the Rise in Texas" »
Posted on Jun 25, 2010 By Majed
Once a debtor files for bankruptcy, a creditor must cease all attempts to collect the debt, including phone calls, letters and other means. However, creditors do have certain rights in the proceeding. ...
Continue reading "What Rights do Creditors Have Against me in Bankruptcy? " »
Posted on Jun 23, 2010 By Majed
Whether a debtor chooses to file for Chapter 7 or Chapter 13, a meeting of creditors or "341" meeting will take place. According to the United States Bankruptcy Court for the Northern District of ...
Continue reading "What is the 341 meeting?" »
Posted on Jun 21, 2010 By Majed
Unlike other civil proceedings, bankruptcy does not allow for a lot of flexibility when choosing where a debtor files their petition, also called venue. 28 USC 1408(1) requires debtors to file: (1) in ...
Continue reading "Which court should I file in?" »
Posted on Jun 18, 2010 By Majed
When a debtor files for Chapter 13 it means that he is willing and able to repay his debtors up to an agreed upon amount. Instead of paying several creditors, the debtor pays one amount to the trustee ...
Continue reading "Chapter 13 Repayment Plan – How Much Will I Pay Monthly?" »
Posted on Jun 16, 2010 By Majed
Now more than ever employers are digging deeper and deeper into the background of its employees and potential hires. Not only are employers checking your social media accounts but they are also ...
Continue reading "Can Filing Bankruptcy Hurt Your Job Chances?" »
Posted on Jun 14, 2010 By Majed
Medical bills are one of the primary reasons many consumers look to Chapter 7 bankruptcy for a fresh start. Financial advisors have suggested that the vast majority of Americans are one major illness ...
Continue reading "Are medical bills dischargeable in a Chapter 7?" »
Posted on Jun 11, 2010 By Majed
Many bankruptcy courts no longer allow debtors to walk into the courthouse and file a paper petition to commence a bankruptcy case. For example, the United States Bankruptcy Court for the Northern ...
Continue reading "Electronic Case Filing" »
Posted on Jun 9, 2010 By Majed
Absolutely! Bankruptcy is a legal process and has great benefits and serious ramifications. At its simplest state bankruptcy is an opportunity for an individual consumer to wipe the slate clean and ...
Continue reading "Do I need an attorney to file bankruptcy?" »
Posted on Jun 7, 2010 By Majed
Among the consumer bankruptcy world there is much talk about the changes to bankruptcy law in 2005. The general consensus is that the rules became more strict for debtors in order to mitigate fraud ...
Continue reading "Understanding the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA)Among the consumer bankruptcy world th" »
Posted on Jun 4, 2010 By Majed
You've filed for Chapter 7 and the trustee has conducted your 341 Creditors' meeting. After this meeting, but before your debts are discharged your income changes for the better. Will this unwind your ...
Continue reading "Spike in Income after Creditors’ Meeting" »
Posted on Jun 2, 2010 By Majed
According to the U.S. Bankruptcy Court for the Northern District of Texas a trustee is "The representative of the bankruptcy estate who exercises statutory powers, principally for the benefit of the ...
Continue reading "What is a Bankruptcy Trustee?" »