The Dangers of Banking with a Creditor Bank During a Bankruptcy Proceeding If you are in debt and thinking of filing or have filed for bankruptcy protection, you need to stop and think about whether you owe a bank any money as a creditor. If the answer is yes, then you MUST ask yourself a […]

Emergency Petitions for Bankruptcy A typical Chapter 7 or Chapter 13 petition requires you to submit well over 50 pages of documentation, including: your schedules (which includes a detailed budget, a list of all creditors including addresses and account numbers, a detailed list of assets with estimated valuations, detailed information about sales, transfers, losses and

  Bankruptcy and Social Security Overpayments A question we get a lot is whether Social Security disability overpayment is dischargeable in bankruptcy. The short answer to this is “yes,” a Social Security overpayment is treated like any other unsecured debt. There are exceptions to the dischargeability of a particular debt under Section 523 of the

Chapter 7 Filings, Secured Debts, and Default Judgments Chapter 7 bankruptcy allows you to wipe out unsecured debt– credit card bills, medical debt and other signature loans. However, secured debt–loans backed by collateral such as mortgages, car loans, or furniture, may be treated differently. Secured loans actually contain two different kinds of obligations. First, there