Tag Archives: Kevin Gipson

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

Posted in Bankruptcy | Tagged , , , , , , | Leave a comment

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

Posted in Bankruptcy | Tagged , , , , , , | Leave a comment

Chapter 7 Bankruptcy: Can I Turn In My Car If Signed A Reaffirmation Agreement?

When you purchase a car and take out a loan to pay for the car, you are giving the lender a collateral mortgage on the car.   A car loan is a secured debt in a Chapter 7 bankruptcy. In order … Continue reading

Posted in Bankruptcy | Tagged , , , , , | Leave a comment

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

Posted in Bankruptcy | Tagged , , , , , , | Leave a comment

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

Posted in Bankruptcy | Tagged , , , , , , , , | Leave a comment

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

Posted in Bankruptcy | Tagged , , , , , , | Leave a comment

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

Posted in Bankruptcy | Tagged , , , , , , , | Leave a comment

Can My Employer Fire Me Because I Filed For Bankruptcy?

Can you be fired because you filed for bankruptcy? The simple answer is no, you cannot be fired, or for that matter refused employment because you filed for bankruptcy. 11 U.S.C.A § 525(b) of the Bankruptcy Code provides that, “No private employer may … Continue reading

Posted in Bankruptcy, Uncategorized | Tagged , , , , , , , | 1 Comment

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

Posted in Bankruptcy | Tagged , , , , , , , | Leave a comment

They Went Broke Too! “Real Housewives of New Jersey” star Teresa Giudice. UPDATE!

The Trustee for the bankruptcy filed by “Real Housewives of New Jersey” star Teresa Giudice has scheduled an auction of the couples non-exempt belongs to occur on August 22, 2010. To encourage only legitimate buyers, a $300.00 deposit is required … Continue reading

Posted in Bankruptcy | Tagged , , , , , , , , , | Leave a comment