by John Rogers | Aug 12, 2013 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts
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 schedule (the amount of the debt, the type and value of any collateral, and the name and address of the...
by John Rogers | Aug 9, 2013 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts
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 the law, like property tax liens on a debtor’s home. And some liens are to enforce judgments that have been entered...
by John Rogers | Aug 8, 2013 | Chapter 13 Bankruptcy
All Chapter 13 cases have a Trustee. They are responsible for the overall administration of a Chapter 13 Bankruptcy case. In all cases in the Western District of Kentucky, the Trustee is William W. Lawrence. He and his staff have many active case files. The Trustee’s...
by John Rogers | Aug 7, 2013 | Chapter 13 Bankruptcy
The Bankruptcy Code requires that you send all your disposable income to the Trustee for the number of years you are in the plan. Your disposable income is the amount left over after you subtract your reasonable and necessary expenses from your net income. This amount...
by John Rogers | Aug 5, 2013 | Chapter 13 Bankruptcy
Folks who are debtors in a Chapter 13 Bankruptcy often need to borrow money from a bank, finance company or other party, while they are still in their Chapter 13 Bankruptcy. For example, their car may have broken down and they may need to borrow money to purchase...
by John Rogers | Jul 31, 2013 | Chapter 13 Bankruptcy, Debt Collectors
The filing of your bankruptcy papers operate to automatically stop any collection efforts once the creditor is notified. Most legitimate creditors know about this and will respect that legal requirement. It usually takes about 30 days for a creditor to get officially...
