Bankruptcy Law Network

Getting Ready for Your Bankruptcy Meeting of Creditors

Every person who files a bankruptcy case is required to attend a section 341(a) “meeting of creditors” — although for most, this meeting doesn’t involve creditors at all. Usually, the meeting lasts about ten minutes, and it consists of your answering questions from the trustee about your financial affairs. Unless your financial affairs resemble those of [...]

Mortgage Delinquencies Reach Record High

Of no surprise to this Jacksonville Bankruptcy Lawyer, The Wall Street Journal reports a record 14% of American households with mortgages were behind on payments or in foreclosure in the third quarter, according to the Mortgage Bankers Association. The new figures, according to The New York Times, “. . . underlined the level of stress [...]

Hiring the Right Bankruptcy Lawyer: Priceless

In my small state of Rhode Island, there are 5,878 licensed attorneys. RI only has a population of 1,050,788 people. That is one lawyer for every 178 people. Because each attorney is licensed in the general practice of law, he can represent just about any matter that comes through the door. He can handle a murder [...]

I’m Having Trouble Making My Chapter 13 Payments–Is Converting To A Chapter 7 An Option?

A chapter 13 case can last from several months to several years (but no more than five years). Over this amount of time, things can change–jobs can change, expenses can change, any number of things can change. Because of this, it is not unusual for folks who are in a chapter 13 plan to experience difficulty [...]

New York Bankruptcy Lawyer Says Not To File For Bankruptcy

What I’m about to say borders on heresy, and I’m pretty sure I’m going to get flamed by my colleagues and friends for saying it. I’m willing to take the risk, and I invite everyone to submit their comments to this post to let me know what they think. If you’re thinking of filing for bankruptcy [...]

Free Health Clinic Events Are The New Rock Concert

Medical problems, even when you have insurance, are an increasingly large cause of bankruptcy cases. Some groups are trying to help folks with poor or non-existent coverage to get care. The events are being set-up — and attended — like rock concerts. One organization setting up large events with volunteer medical staff and doctors on hand [...]

Breathe!

Sounds like a silly command doesn’t it? But by breathing you can calm your mind and elevate your mood. In fact Dr. Weil states; “Practicing regular, mindful breathing can be calming and energizing and can even help with stress-related health problems ranging from panic attacks to digestive disorders.” Dr. Weil has three breathing exercises to [...]

Who Not To Add As A Friend on Facebook.

In today’s Internet world social media is all the rage. Facebook, Twitter, Linkedin, etc… are all sites where you can find old friends, colleagues, and your bankruptcy attorney, judge and/or trustee. If you are in bankruptcy you might be excited to find your trustee, attorney and/or judge on Facebook and request that they be your [...]

13 Reasons To File A Chapter 13 Bankruptcy

13 Reasons To File A Chapter 13 Bankruptcy I f you are considering filing a bankruptcy, the best advice I can give you is to discuss your financial situation with a competent bankruptcy attorney. She will tell you that for most consumers, there are often two options: file a Chapter 7 or a Chapter 13 bankruptcy. [...]

Bank refuses to break $100 bill into smaller bills!

Unless you are a customer of the bank, Houston bank First Bank in Houston refuses to break a $100.00 bill into smaller bills. My son experienced this recently when he needed to pay someone in exact cash and only had a $100.00 bill. What are banks thinking? I could understand if it was a check, but [...]