Tag: bankruptcy Archive
How to File Bankruptcy: Proof of Self Employment Income
Justin Harelik
April 6, 2016
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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Bankruptcy Questions: Can an RV Be Protected During Bankruptcy?
Justin Harelik
March 24, 2016
The purpose of filing for bankruptcy is to obtain the protection it affords. The discharge of debt is meant as a relief for overwhelmed consumers when there are no other plausible solutions. It is not designed as a punishment or a consequence. It is designed as a solution. But in ...
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Will My Kids Have to Pay off My Debt When I Die?
Justin Harelik
March 16, 2016
There’s comes a time in everyone’s life when they consider the possibility of their death. When this time comes some are thinking about things they still want to do while others are thinking of tasks left undone. Some think of places they still want to go and things they still ...
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Do I Have to Include Loans I Co-Signed in My Bankruptcy?
Justin Harelik
February 3, 2016
Many bankruptcy filers come to me with unnecessary anxiety. They fear that they can’t list this creditor because last year they made a charge on the account. They’re nervous that they can’t list another creditor because they just opened the account a few months before when they were still gainfully ...
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Credit Card Debt and Bankruptcy: Will I Get Sued?
Justin Harelik
December 8, 2015
As a bankruptcy attorney, I am often asked about credit card debt. More often than I would like, however, those questions come in the style of, “How bad am I going to get sued by the collection agency?” Other variations on this topic include concerns regarding whether or not a ...
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Chapter 13: Involved with Credit Unions for Home Loans
Justin Harelik
November 26, 2015
Working with credit unions when you are in good standing is great, however it is very difficult when you are behind on your loan payments. They take it personally when a customer defaults on a payment agreement or the debt becomes discharged during a bankruptcy. They have lost money when ...
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Listing Collection Agencies During the Filing of Bankruptcy
Justin Harelik
November 24, 2015
Often unpaid debts can change hands many times during the course of attempted payment, especially when the debt is old. It is often impossible to list all the collection agencies who have handled a specific debt while filing your case. It is also unnecessary. You do not need to be ...
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Filing that Second Bankruptcy: Should or Should Not?
Justin Harelik
November 20, 2015
Poor financial decisions, recessions or the loss of a job can happen at any time during a person’s life. These times may happen more than once in a person’s life and require considering many less than ideal options. Sometimes filing a second bankruptcy is a way to wipe the slate ...
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The Status of Your Home During Chapter 7 Bankruptcy
Justin Harelik
November 18, 2015
Often people are worried about losing their home when considering filing for Chapter 7 bankruptcy. The fear of losing their home often inhibits people from filing for bankruptcy protection regardless if there is any equity in the home or not. A bankruptcy homestead exemption is the amount of equity that ...
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Your Credit Union and Your Bankruptcy
Justin Harelik
November 16, 2015
Credit unions are allowed special circumstances in regards to a member filing a bankruptcy. If debt to a credit union is included in a Chapter 7 bankruptcy there is no hope for continuing current or future association with them or any other branch whatsoever. Eliminating debt during a bankruptcy with ...
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