Richard Shea
The court-appointed Trustee serves a different role in a Chapter 13 filing than a Chapter 7 bankruptcy case. Administration is their primary function, keeping accurate records of your payments and creditors’ compensation, whereas their responsibility is to liquidate the client’s assets to pay back a percentage of what is owed in a Chapter 7 filing. … Read More
Whether you go through Chapter 7 or Chapter 13 bankruptcy, most types of debts are discharged at the end of your case. It should be the last you hear of them. Unfortunately, some unscrupulous debt collectors may try to resurrect them. Creditors sell unresolved debts to collection agencies for pennies on the dollar. Some … Read More
Chapter 13 bankruptcy repayment plans can last three to five years. Living under a strict budget is tough. If life throws you a curve ball and your car is totaled or disabled, will you be allowed to buy a new vehicle? The Short answer is yes, the Bankruptcy Court and Trustees are not unreasonable. A … Read More
Sometimes unexpected expenses just find you. If you are going through a bankruptcy, how you handle bills that you accumulate after your bankruptcy is filed can be the difference between a successful bankruptcy and continuing debt issues. Debts incurred after your case filing date are not included in your bankruptcy case. They are not discharged … Read More
Loss of a job is a leading reason many people turn to bankruptcy. There is no stipulation that a person needs to be employed to seek financial relief. Depending on the type of bankruptcy you choose, unemployment may not be a concern. A bankruptcy professional can help you work out the best option for you. … Read More
Filing for Chapter 13 provides immediate relief from your creditors but is does require some commitment. A Chapter 13 helps change the way you think about and handle money. During Chapter 13, you must dedicate yourself to staying on a budget to repay your debts. Most individuals who go through this type of bankruptcy … Read More
Often elderly and disabled citizens worry they will lose their Social Security benefits if they file for bankruptcy. For many people, this monthly check is a lifeline. Those facing mounting debts due to unexpected medical expenses or the loss of a job, let fear of losing benefits prevent them from considering bankruptcy as a solution … Read More
If your debts are mounting and your creditors file lawsuits against your relating to debt, the resulting judgments can become liens against real estate (a house or land) that you own. A lien is a legal notice attached to a property, requiring the lien get paid before any transfer or refinancing of the property can … Read More
Are you considering filing for bankruptcy? Timing can be very important. It is prudent to take a look at your activities over the last few months before actually filing a case. Some situations can decrease the benefits available to you from Chapter 7 or Chapter 13 bankruptcy. An experienced bankruptcy attorney can help you decide … Read More
Spending three to four months going through Chapter 7 bankruptcy can be an emotional roller coaster for the filer. You wonder when you will ever get your life back on an even keel. If you are worried that your credit will be ruined forever, we can tell you it will not be. In fact, for … Read More
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No upfront attorney fees in qualifying cases. Pay only court filing fee, credit reporting fee, and pre-bankruptcy credit counseling session fee to get a case on file to stop garnishments, repossessions, and certain court actions. Restrictions may apply. Please call to discuss your situation and learn how we can help.
