Tag: westgate law Archive
Bankruptcy Schedules: How Much Do You Spend on Healthcare?
When it comes right down to it, most people don’t have any idea how much they spend on health care. When you’re filing for bankruptcy, one of the forms or schedules that must be completed is a budget. When the discussion of bankruptcy gets rolling, it’s hard to get very ...
Read More →
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 ...
Read More →
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, ...
Read More →
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, ...
Read More →
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 ...
Read More →
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 ...
Read More →
Owning Land in Your Name After Filing Chapter 7 Bankruptcy
Many bankruptcy filers assume that their life is drastically changed for good once they’ve filed for bankruptcy. They assume they will have no access to credit…ever again. They assume they won’t be able to own property or make real estate purchases. They assume they’ll just need to stick with the ...
Read More →
Can You Buy a Car While Filing Bankruptcy?
You filed for bankruptcy. You’re excited to receive your discharge papers. It’s going to feel amazing when it arrives and you know that your debt has been wiped clear. BUT then something happens and you need a car. You need to buy a car immediately. Maybe your old clunker broke ...
Read More →
Bankruptcy Questions: Can an RV Be Protected During Bankruptcy?
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 ...
Read More →
Receiving a Tax Refund During Chapter 13 Bankruptcy
There’s not really a specific time that is all around “bad” for filing Chapter 13 bankruptcy. The best timing to file really depends upon your specific situation. It can depend upon the timing of personal events, the date of the last large credit transaction, major financial crises, etc. One thing ...
Read More →