by John Rogers | Apr 23, 2009 | Uncategorized
Yes. All of the debts have to be scheduled, with the name and address of the creditors. This is so that they can recieve notice of the bankruptcy, and get thier fair share of any money that is paid to creditors. Sometimes debtors think that they want to continue to...
by John Rogers | Apr 22, 2009 | Uncategorized
If a creditor who is listed in the debtor’s schedules attempts in any way to collect a scheduled debt, the debtor should inform the creditor that a bankruptcy case has been filed and request that the creditor stop the collection efforts. If the debtor is...
by John Rogers | Apr 21, 2009 | Uncategorized
No. Liens can be placed on a debtor’s property in many different ways. Some are by agreements, like mortgages and auto liens. Others are by operation of law, like property tax liens on a debtor’s home. And some liens are to enforce judgments that have...
by John Rogers | Apr 20, 2009 | Uncategorized
As soon as a debtor realizes that a creditor has been omitted, the debtor should notify his or her attorney with all of the information necessary to complete the schedules (the amount of the debt, the type and value of any collateral, and the name and address of the...
by John Rogers | Apr 18, 2009 | Uncategorized
For individuals who can not pay their debts- called “debtors”-bankruptcy has two main purposes: First, bankruptcy operates to give the people who are owed money-the creditors-a fair share of the money that the debtors can afford to pay back....
