by John Rogers | Jul 19, 2013 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts
A good question, that I am guessing we will hear much in the next few years. We often heard this question asked when the giant General Motors, once the largest corporation in the world, filed bankruptcy a few years back to deal with its debts. The answer is that...
by John Rogers | Jul 18, 2013 | Chapter 13 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney
Your Order Confirming Plan, signed by the Bankruptcy Judge, states that you may not incur any credit obligations during the life of the plan without the Trustee’s written consent. The only exceptions to act without the Trustee’s written consent would be a serious...
by John Rogers | Jul 16, 2013 | Chapter 13 Bankruptcy, Consumer Alerts
For example, what if I have some emergency? It is important for you not to miss any payments to the Trustee. When you file your Chapter 13, you get the benefit of prohibiting your creditors from taking any action against you. In exchange for that relief, you must...
by John Rogers | Jul 15, 2013 | Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney
A reaffirmation agreement is an agreement by a debtor and a creditor about how to treat a particular debt that would otherwise be discharged in the debtor’s bankruptcy. Usually, the debt is secured by collateral that the creditor could repossess or foreclose on. In...
by John Rogers | Jul 11, 2013 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney
While you may not own a fleet of fancy sports cars, if you decide that filing for bankruptcy protection is in your best interest, you still want to retain as much of your property that you can, while at the same time obtaining relief from your debts. Without an...
