Prevent your trustee from giving you a big headache if you paid a debt to a friend or relative during the year before filing bankruptcy.
Avoid the frustrating surprise of having one your friendly creditors be challenged by your bankruptcy trustee with a preference action.
Preferences can be dangerous but can also present potential opportunities. So although not all that common, they’re worth knowing about.
Your trustee might be able to require a creditor to pay the trustee money you’d paid the creditor. Sometimes that’s good; sometimes not.
Sue a creditor to confirm that a debt will be discharged, or to punish the creditor for violating the automatic stay or the discharge order.
Leases of consumer goods–furniture, appliances, electronics–are like vehicle leases: you can “accept” or “reject” them.
Unexpired leases and executory contracts can continue on after you file your bankruptcy case. What are they and what makes them special?
What makes “priority” debts so special?
Bankruptcy is federal law. The U.S. Constitution has said so from the beginning. Find the Bankruptcy Code in Title 11 of the U.S. Code.
Bankruptcy gives you a fresh start by writing off debts. But it can also free up your home by getting rid of or “avoiding” judgment liens. Writing off debts is good. But if a creditor got a judgment against you, and you own a home, most likely that debt has also turned into a judgment lien on the title of your … Read More
Not a good idea. If you do your friendly creditor may have to turn over to the trustee whatever you paid it. So it wonât be so friendly.
Bankruptcy can protect you from your co-signer. Or instead can protect your co-signer from the creditor.
When you start looking into bankruptcy, you hear about different “Chapters” and “code sections.” They are all part of the Bankruptcy Code.
How to avoid getting tripped up in a trap set by Congress supposedly to prevent bankruptcy abuse.
The amount of your income may not disqualify you from Chapter 7.