Tag Archives: bankruptcy
Can A Creditor Object To A Discharge?
Creditors Can Fight Bankruptcy When a chapter 7 or chapter 13 bankruptcy is filed, does the debtor, the one who filed for bankruptcy, have an absolute right to a discharge of all the debts? Is a discharge of debt an automatic event that happens after a bankruptcy is filed? Unfortunately for the debtor, the creditor Continue Reading
US Bankruptcy Court Recommends Using an Attorney
If you’ve never been in court or have never dealt with any legal issues, a formal legal process for anything can be intimidating. There are a lot of complicated procedures to follow and you may feel powerless to the process. Law firms are usually there to help with very serious matters. Any good law firm Continue Reading
Credit Repair vs Bankruptcy?
You might be wondering why there is a question mark in the title of this article: Credit Repair vs Bankruptcy? We are making a point with the question mark. We know that some people perceive credit repair and bankruptcy as options for problems they are facing, but, in reality, these two options are not comparable Continue Reading
How To Prepare For Bankruptcy
It is illegal to premeditate a bankruptcy. This means that any spending done with a future bankruptcy filing in mind will suspend the debt from being discharged. In plain English: You can’t buy a buy a bunch of stuff, rack up debt and then file for bankruptcy and wipe out all the debt. It’s not Continue Reading
Did Your Bankruptcy Get Dismissed?
The Difference Between Dismissed and Discharged It is important to understand the difference between dismissed and discharged in the context of a bankruptcy filing. They are significantly different. A discharge is a good thing and a dismissal is not always a good thing. A discharge is when debt is essentially erased. Debt is not erased Continue Reading
Can Bankruptcy Make Your Life Happy Again?
Is It Possible To Say Bankruptcy Can Cause Happiness? When you need to file a bankruptcy, there is nothing but positive affects from the actual bankruptcy filing. Maybe it could even make you happy. It is important to keep in mind that the bankruptcy is not the problem. Debt is the problem and bankruptcy is Continue Reading
You Probably Won’t Lose Your Home in Bankruptcy
Does Bankruptcy Make You Lose Your Home? Losing a home is a tragic event on its own. Getting your home taken from you can also be a very emotional event especially if the home holds many family memories and history over a long period of time. The loss of a house is tough just as Continue Reading
Bankruptcy Confidentiality and Privacy: Are Bankruptcy Filings Public?
Is there such thing as bankruptcy confidentiality and privacy? It should not be a surprise to anyone that one of the most important concerns of those considering filing for bankruptcy is privacy and confidentiality. There is a lot of information out there on the internet that states that bankruptcy is public information. People are worried Continue Reading
Gambling Debt Can Be Wiped Out In Bankruptcy
What Qualifies as Gambling Debt? In this week of March Madness, we are addressing a common issue related to sports… gambling debt! Many of us travel to Las Vegas and bet on sports or play games in Native American casinos here in California. Here in the Inland Empire, places like San Manuel Indian Bingo and Continue Reading
Bankruptcy Trustee: Who Are They And What Do They Do?
Bankruptcy Trustee Terms If you’ve done any research on bankruptcy, you probably have seen the word Bankruptcy Trustee brought up at one time or another. A Bankruptcy Trustee is often thought of as someone handling the bankruptcy case. You have probably also heard the words Trustee Meeting or Bankruptcy Trustee Meeting. This meeting can also Continue Reading