Before an individual can file bankruptcy, that person is required to complete a “credit counseling course”. If a is couple filing, both individuals are required to complete the course. The course must be completed within 180 days before the filing of the...
When an individual files for bankruptcy, especially a Chapter 7, there is a concern that the debtor will lose all their property. A debtor is allowed by law to retain certain property (called exemptions) under the bankruptcy code. Even more appealing is the fact that...
I received a question about a potential inheritance. This person knew that a Trustee could pull in property received after a bankruptcy, but asked how the Trustee would know. I thought I would present this post since I get asked similar questions all the time about...
I regularly have questions about what happens in bankruptcy when part of the debts belong to an ex-spouse by a divorce decree and yet the creditor is still coming after this ex-spouse. Hopefully I can help flesh out the answers and variations in this post....
We hear regularly that people are going to try debt reduction or consolidation before taking the last steps to bankruptcy. Even after visiting with them for a time, it becomes clear that reduction or consolidation services will be of little value. Here are some things...
