Bankruptcy horror stories. Halloween is coming up this week. I found this the perfect time to write about bankruptcy horror stories. These stories can be scarier than any ghost story. Bankruptcy lawyers have witnessed horror stories first hand. I will relate a couple of horror stories I recently was told about. One poor debtor decided […]

Documents needed by the bankruptcy trustee. Debtors often ask their bankruptcy lawyers what documents will I need to give the bankruptcy trustee? It varies. Different trustees ask for different documents. Some trustees ask for more documents than others. If you are filing a Chapter 7 bankruptcy, you will not know who your trustee even is […]

Too broke to file bankruptcy. It sounds silly. You would think you should be broke to file bankruptcy. Isn’t that the point of bankruptcy? Yet it is something bankruptcy lawyers hear often. Many people try to file bankruptcy themselves. Others go to document preparation services. I would not recommend either option. Being your own bankruptcy […]

Bankruptcy filing stops takeover of company. The company, University Directories, turned to bankruptcy lawyers for help. The company had no choice but to seek bankruptcy protection to prevent a hostile takeover of the company. University Directories is based in Chapel Hill, North Carolina. The company is a collegiate marketing publisher. The company filed a Chapter […]

Can I file bankruptcy without my spouse? That is a question bankruptcy lawyers are asked. The answer is yes. But there are things you need to know before you file bankruptcy. The first question a bankruptcy attorney would have is what is the state of your marriage? Are you living together? Are you in the […]

Can I keep money in Chapter 7 bankruptcy? Many want to know this when they meet with a bankruptcy lawyer. The answer is yes you can keep it. Provided it can be exempted. A Chapter 7 bankruptcy is a liquidation bankruptcy. The job of a trustee is to take property and pay your creditors. However, the […]

You must list all property in bankruptcy. You are obligated to list all your property and assets when you file bankruptcy. Period. There are no exceptions to this rule. No reputable bankruptcy lawyer will ever tell you to hide property or assets. I cannot stress this enough. You must list everything. Your debts. Your property. Your income. The […]

IRS warns people about phone scams. If you have received a call claiming to be from the IRS you need to read this. These phone scammers are not real IRS agents. This scam is expanding. This bankruptcy lawyer received a call from a scammer recently. He told me I was going to be arrested that […]

Chinese solar company files for bankruptcy. We often hear how the Chinese economy is booming at the expense of America. Not even the government intervention of the Chinese communist government can save all the Chinese companies. Many are not doing as well as people believe. The latest blow to the Chinese economy is the news […]