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Who will know that I am filing for bankruptcy?

Archive for April, 2012

Who will know that I am filing for bankruptcy?

Often times, when considering filing for bankruptcy, people are concerned with the perceived stigma  around filing for bankruptcy and/or who might find out that they have filed. First, let’s address the perceived stigma of filing for bankruptcy.  In 2011 alone over 1.5 million people filed for bankruptcy.  This number has doubled since 2007.  Bankruptcy filings […]

What Happens if No Proof of Claim is Filed by My Creditors?

What happens if no proof of claim is filed by my creditor(s)? The answer to this greatly depends on two things Are you in a Chapter 7 or a Chapter 13?; and Is the creditor an unsecured creditor, a priority creditor or a secured creditor? In a Chapter 7, the filing of a proof of […]

Why Do I Need an Attorney?

You decide filing bankruptcy is the right decision. You seek out an attorney and decide that the attorneys at Licker Law Firm can best serve your needs…. You come in and we go over your options and give you some “homework” on information to provide in order to prepare your petition. We ask for paycheck […]

What if I Do Not Have Paystubs and/or Tax Returns?

What if I do not have paystubs and/or copies of my taxes? The trustee of your bankruptcy needs several things: Past 60 days of paystubs Most recently filed state and federal taxes Bank statement from the date of filing What happens if you do not have paystubs either because you do not work or you […]

Do I Have to File Taxes to File Bankruptcy?

Do I have to file taxes in order to file for bankruptcy? That answer depends on a few things. First, are you required to file taxes? If you income is at an amount where you are not required to file taxes, then not filing taxes is not an issue. If however, your income requires that […]

Myths and Truths About Chapter 7 Bankruptcy: Part I

Myths and Truths About Chapter 7 Bankruptcy:  Part I Many people who are considering filing bankruptcy have misconceptions about Chapter 7 bankruptcy.  Below please find a common myth about Chapter 7 and the truth associated with that myth. 1.  Myth:  Debtors in a Chapter 7 bankruptcy must turn over their tax refunds for many years […]

Myths and Truths About Chapter 13 Bankruptcy: Part I

Myths and Truths About Chapter 13 Bankruptcy:  Part I Many people who are considering filing bankruptcy have misconceptions about bankruptcy.  They may have heard things from friends and family members that may make them apprehensive about filing a Chapter 13 bankruptcy.  Below please find some common myths about Chapter 13 and the truths associated with […]

Disclosure of Property in Bankruptcy

Disclosure of Property in Bankruptcy When filing a bankruptcy, clients are required to list and disclose their property in the bankruptcy petition when it is filed.  Debtors often wonder what needs to be disclosed and what does not.  If there is a doubt whether it should be included, it is probably a good idea to […]

What Issues Can Arise If I File Bankruptcy More Than Once?

What Issues Can Arise If I File Bankruptcy More Than Once?There are certain restrictions with regard to how often people can file bankruptcy petitions, and some issues can arise if a person files bankruptcy more than once.  As a general rule, a person can file a Chapter 7 bankruptcy eight years after they file another […]

Bankruptcy Trustees

When considering filing for bankruptcy, or if you are already in a bankruptcy, you have probably heard a lot about the Bankruptcy Trustee without knowing who that person is or what it means for your case.  A Bankruptcy Trustee is an attorney that oversees the bankruptcy court.  The trustee is not a judge.   Every debtor […]