What Is a Section 341 Meeting of Creditors?

Many of our clients are initially somewhat concerned about the meeting of creditors.  The meeting of creditors need not cause substantial concern. Frequently after the meeting our clients will comment that “it wasn’t as bad as I thought”.

What Are The Different Chapters of Bankruptcy?

Most people are unaware that there are four chapters of bankruptcy that a person can file. What are the different chapters of bankruptcy? We will provide an overview of the different chapters of bankruptcy. There are four primary chapters in bankruptcy–chapter 7, chapter 11, chapter 12, and chapter 13.  Each chapter is designed to satisfy […]

Divorce and Bankruptcy: Surprising Results

Separation Agreements that are incorporated into a divorce decree (and decrees of divorce themselves) pose difficult and sometimes unexpected results in bankruptcy.  Many of the general rules of bankruptcy can be dramatically altered with a separation agreement or divorce decree.  This article discusses a few of the problems that divorces and divorce decrees pose in […]

Stop The Decline of Home-Ownership: A Bankruptcy Amendment Needed

Since 2008 the U.S. real estate market has dogged our economic stability. The so-called Great Recession was largely caused by failed exotic mortgages fueled by mortgage-backed securities that created a false value of real estate. Years later, Americans continue to struggle with the resultant negative equity in their homes. Due to foreclosures of many of […]

Adopt the Principal Paydown Plan

Since 2008 the U.S. real estate market has dogged our economic stability.  The recession was largely caused by exotic mortgages enabled by mortgage-backed securities creating a false value of real estate.  Three years later, Americans continue to struggle with the resultant negative equity in their homes.  It is generally understood by experts and laymen that […]