Tag Archives: Chapter 13

Bankruptcy Filing Fees Increase

The cost of getting out of debt is going up. The Judicial Conference of the United States has approved a$29.00 increase in the administrative fee charged to an individual when they file for bankruptcy.  The fee, which is currently $46.00, … Continue reading

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They Went Broke Too: Former CSI Star Gary Dourdan!

Former CSI TV Star, Gary Dourdan filed for Chapter 11 bankruptcy in the bankruptcy court for the Central District of California on August 30, 2012. Dourdan’s filing indicated that he had $1.8 million in assets, but owes his creditors approximately $1.73 … Continue reading

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Failure To Report Assets In Bankruptcy Can Result In Jail Time And Fines!

When you file a bankruptcy you must tell your attorney about all of your assets and debts.  In fact, several of the documents that you sign when filing a bankruptcy advise that your bankruptcy can be dismissed without a discharge, … Continue reading

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Can I Include The Loan On My Wrecked Car In Bankruptcy?

A collateral mortgage loan on a car can be discharged in a bankruptcy even if the car is wrecked.  This is true of a car with mechanical problems as well. The reality is that for most people the days of … Continue reading

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How Often Can A Bankruptcy Be Filed?

There are limits on how often a bankruptcy can be filed.   A Chapter 7 bankruptcy can be filed once every eight years.  The date of filing of the original bankruptcy is used to determine the filing date for the new … Continue reading

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What Is A Chapter 20 Bankruptcy?

What is a Chapter 20 bankruptcy? The fact is there is no Chapter 20 of the Bankruptcy Code. Chapter 20 is an expression used by attorneys to describe a situation where a Chapter 7 bankruptcy is filed for a debtor … Continue reading

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My Chapter 13 Bankruptcy Was Filed In New Orleans. Where Do I Make My Plan Payments?

When you file a Chapter 13 Bankruptcy you are required to make monthly payments to the Chapter 13 Trustee. The New Orleans Bankruptcy Court is located in the Eastern District of Louisiana. The Chapter 13 Trustee for the New Orleans Bankruptcy … Continue reading

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Myth No. 9: If You Own A Home You Must Give Up Your Home If You File For Bankruptcy.

If you already own a home you must give up your home if you file for Bankruptcy. To the contrary both Chapter 7 and Chapter 13 can be used to keep your home. Your home mortgage is a secured debt. … Continue reading

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Myth No. 8: You Can Never Own A Home If You Have Filed For Bankruptcy

You can never own a home if you have filed for Bankruptcy. False. To the  contrary, assuming that you otherwise qualify, (Have a down payment, closing costs, a job, etc.) it is likely that you would be able to purchase a … Continue reading

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Myth No. 7: If you file for Bankruptcy, you will never be able to get any new credit for anything.

You can get credit after you file for bankruptcy. It takes time to re-establish credit, but you can if you want to get credit. I say ” if you want to get credit” because it is a very tempting to start … Continue reading

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