The foundation of your bankruptcy starts with your paperwork. We find it easier to gather all of your documents and then start to fill out your workbook. When gathering all of your documents, make sure that they are all there. We would rather receive too much information than not enough. The documents themselves determine quite […]
Important Issues When Completing Your Bankruptcy Paperwork
Regardless of whether you file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy , the automatic stay immediately goes into effect when the bankruptcy is filed. The automatic stay is a court order that can stop a foreclosure on a house or a repossession of a vehicle and prohibits creditors from contacting you to collect a debt. […]
Many times people have asked me why I have chosen bankruptcy as one of the fields of law to practice. I have to be honest with you, when I started law school in Texas I didn’t know the slightest thing about bankruptcy. I started law school with the intention of having a trial litigation practice. […]
With major changes in the bankruptcy laws in 2005, you are required to undergo a “means test.” Simply put, your household’s income for the six months prior to filing bankruptcy (your income, your spouse’s income and any contribution to your household from others) is annualized and compared to the Census Bureau’s median income for the same size household within your state.
Many of those going through financially tough times face a catch-22 when it comes to filing bankruptcy. Someone looking to file bankruptcy usually has more debt than they do money. Therefore, liquid cash is at a premium. Bankruptcy prices in North Carolina and across the nation can range anywhere between $1,200 to $4,000. Many attorneys […]