Filing for bankruptcy is often a daunting process. The intricacies of the Bankruptcy Code can often leave a debtor struggling to understand what the next best steps are. The first difficult decision...
April 2, 2023
It’s no secret that bankruptcy often gets a bad reputation, from the perspective of debtors and creditors alike. Whereas a clear understanding of the bankruptcy objectives would show that it is a...
March 31, 2023
Individuals who are bankrupt have a duty to inform the trustee in bankruptcy of any property they become entitled to after the date of the bankruptcy. You would hope, therefore, that if a beneficiary...
March 8, 2023
When filing for bankruptcy, one of the most critical issues that a debtor must address is how their property will be classified. Bankruptcy law divides property into two classifications: exempt and...
March 1, 2023
Bankruptcy
After a person files a bankruptcy petition, they will be assigned a date for their “Meeting of Creditors,” also known as the 341 Meeting. Although bankruptcy debtors will not actually meet with their...
March 1, 2023
A creditor who wishes to recover money from a debtor in bankruptcy is required to file a “proof of claim” which is a written statement describing the reason for and amount of the debt allegedly owed...
March 1, 2023
To gain any judgment against an individual, a plaintiff must first file a complaint. Normally, the defendant will file an answer, the parties will file applicable motions, attend settlements, and...