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- Bankruptcy Alternatives
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Can Your House Be Sold While You Are in Bankruptcy?
During bankruptcy, a house can be sold, but it requires the court’s permission. As soon as the petition for bankruptcy is filed, the home and all other possessions of the petitioner become a part of the bankruptcy case. Creditors cannot foreclose on your property while it’s shielded by bankruptcy, but ...
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Student Loans, Parent Student Loans & Bankruptcy
Many couples “help” their adult children. Some buy them cars, some provide down payments for cars or housing. Others pay cell phone bills. But one of the most common methods of financial assistance that parents provide their “grown up” children is with finances for college: student loans. In some cases, ...
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Converting Chapter 13 to Chapter 7 Due to Divorce
If you are in the midst of a Chapter 13 bankruptcy plan and you find yourself facing a divorce, you don’t want to add to the emotional stress with financial stress that can be avoided. Divorce typically comes with some major financial changes: two households instead of one, spousal maintenance, ...
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Reducing a Chapter 13 Payment Due to Divorce
When in the midst of a Chapter 13 bankruptcy plan, filing for a divorce will mean revisions that have to be accepted by the bankruptcy trustee. Since many Chapter 13 bankruptcy plans are very strict and leave very little “extra” cash, many feel as if they are left in an ...
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How to File Bankruptcy: Proof of Self Employment Income
Anyone who files bankruptcy must include proof of their income in their filing. Most filers simply submit their pay stubs. According to Section 521 of the Bankruptcy Code, bankruptcy petitioners must send in a minimum of two months of “payment advices” (i.e. pay stubs) received from an “employer.” Bankruptcy petitioners ...
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Bench Warrant Threats from an Old Payday Loan
If you have a company threatening you with a bench warrant, you may find that they don’t stop after they talk to you. They may also contact and talk to your family even though you didn’t provide that information or connection. They may attempt to contact you at work and ...
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