Tag Archives: Chapter 7

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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Can I Get Rid Of My Medical Bills By Filing For Bankruptcy?

    One of the three major reasons people file for bankruptcy is unpaid medical bills, the other two being job loss and divorce. Until recently, it was a common practice for hospitals and other health care providers to accept partial, … 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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Census Bureau Releases 2011 Bankruptcy Median Family Income Guidelines

The Census Bureau has released the latest Median Family Income guidelines.  The Median Family Income is used as the first step in determining whether or not a person can file a Chapter 7 Bankruptcy. If the person’s median family income … Continue reading

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They Went Broke Too! Toni Braxton.

Grammy Award winning singer, Toni Braxton, has filed for bankruptcy. The filing occurred on September 30, 2010 and bears Docket Number 10-51909.  The bankruptcy was filed in the Central District of California Bankruptcy Court located in Los Angeles. Ms. Braxton’s has filed … 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 Bankruptcy Estate?

A bankruptcy estate consists of all of the property that a debtor has at the time of the filing of his bankruptcy.   The bankruptcy estate comes into existence when a Chapter 7 or Chapter 13 bankruptcy is filed.  Some of the items … Continue reading

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What Happens To My Lease When I File A Chapter 7 Bankruptcy?

When you file a Chapter 7 bankruptcy you have two basic options:  You can assume the lease or you can reject the lease.  If you decide to assume the lease, then you  will still be responsible for honoring the terms of the lease. When … 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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