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Bankruptcy
: The BK BlawgChapter 7 and Middle Class Debtors
Full post as published by The BK Blawg on January 15, 2008 (boomark / email).
Ratio of Chapter 13s Is Declining
A centerpiece of the 2005 bankruptcy law was to force more debtors into chapter 13. The credit industry claimed many debtors were abusing the process by filing chapter 7 when they could at least make a partial repayment to creditors...
6th Circuit Orders Turnover of Tax Refund
The Bankruptcy Appellate Panel in the 6th Circuit affirmed an Ohio Bankruptcy Court order requiring the debtors to turn over their tax refunds to the chapter 7 trustee. The debtors filed their chapter 7 case in March 2005 and their meeting of creditors was approximately two months later...
ALERT! Scam Targeted Towards Some Bankruptcy Debtors
ALERT! It has been reported that some Chapter 13 debtors have received letters from the “Chapter 13 Trustee” telling them to sign over their home to the Trustee and to call an 1-800 number...
Bank Accounts: Some Things to Consider When Filing Personal Bankruptcy
When filing a personal chapter 7 or chapter 13 bankruptcy, most debtors are concerned about the effect the bankruptcy filing might have on their checking and savings accounts. After all, many debtors have banked at the same institution for years, and they do not want to have this banking relationship disrupted...
Modification Of Chapter 13 Plans For Debtors In Financial Distress
I attended a meeting of local bankruptcy attorneys where the Chapter 13 Trustee spoke about current developments. She stated that the real estate recession in Florida, and job losses in many related industries is causing more and more Chapter 13...
What Are the Rights and Responsibilites of Chapter 13 Debtors and Their Attorneys After the Case is Filed
Bankruptcy Judge Robert E. Littlefield, Jr., from the Northern District of New York outlines the rights and responsibilities of Chapter 13 debtors and their attorneys in a recently filed Administrative Order...
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