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Can’t everyone do a Chapter 7 or a Chapter 13? The simple answer is no. The eligibility for a Chapter 7 is based on several things: Median Income for Household Size – The median income determines what a Debtor or Debtors can file a bankruptcy. Median income is determined by household size. The following is […]

Do I Need to Know All of My Creditors when I meet with an attorney about the bankruptcy for the first time? No. While policies may vary firm to firm, most offices will have you complete some sort of intake sheet upon arrival. This intake sheet will give the attorney some insight into your situation […]

Insider Payments You got a large chunk of money and paid the loan from your Mom or other family member and now are ready to file bankruptcy. Or you have a high balance in bank accounts prior to filing a bankruptcy so you are going to take the money out and pay back a loan […]

I do not have money so how do you expect me to pay you? The easy answer is that you may not be able to afford not to pay an attorney to file a bankruptcy for you. While it often seems odd to perspective clients that there are fees involved, it honestly may be cheaper […]

Refund Anticipation Loans These loans are some of the highest cost loans that exist. A borrower pays anywhere from 40% to 700% depending on the lender and loan amounts. While this seems like a great option when you are on a tight budget, it may be just the opposite. You are due $4,500 for tax […]

I am not eligible for Chapter 7 yet so I will file Chapter 13 and then convert when I am eligible for Chapter 7 discharge. Unfortunately no. Discharge eligibility is determined at the time a bankruptcy case is filed. At the time of the case is filed, using the date that the case was filed, […]

Can I leave some creditors off of my bankruptcy? No. Any creditor whom you owe a balance to must be listed on the petition.  Does this mean you should go pay off all the credit cards that you want to keep? No. Even with a $0.00 balance the credit card companies will likely close your […]

What happens if I get behind on mortgage payments while I am in a Chapter 13? You made the decision to file a bankruptcy and decided to keep you home. You file a Chapter 13 and are making your mortgage payments and your Chapter 13 plan payments as scheduled. Something comes up and you get […]

Do I have to appear in front of a Judge for my bankruptcy? No. The Judge does oversee the bankruptcy process; however you are not required to appear in front of him. Depending on your specific case, your attorney may need to appear in front of the Judge for certain motions or objections that may […]

What is a wage order and what are the benefits? A wage order in a Chapter 13 is where a portion of your Chapter 13 plan payment is automatically deducted from your paycheck by your employer. Your employer then sends the money directly to the trustee. If you are paid bi-weekly then the monthly payment […]