How is my monthly Chapter 13 Plan Payment? Your monthly plan payment is will be calculated by determining what your creditors would receive if you… Read More »Your Best Efforts Is Required in a Chapter 13 Bankruptcy
Can I rent or lease an apartment during or after bankruptcy? There are many reasons that cause people to have to file for bankruptcy. On… Read More »Renting and Leasing Apartments after Bankruptcy
The newest trend in fashion: Retailers filing for bankruptcy. Just weeks after American Apparel acknowledged that bankruptcy might be an options, the once hottest brand… Read More »Fashion Trend: Quicksilver Files for Bankruptcy
Things You Should Know When Deciding to File for Bankruptcy
I have been a bankruptcy attorney for nearly 6 years now and have handled over 1000 cases. I started out working for the largest bankruptcy firm in the nation. Although that firm is now in its own bankruptcy, it taught me something that I have brought to my own bankruptcy practice here at Tran Bankruptcy Law. That is, clients need to know the truth about bankruptcy and the process.
What Bankruptcy Attorneys Might Not Tell You
Attorneys are in the business of providing a service in order to make money. This is our job. However, legal decisions, such as the decision to file for bankruptcy is a major decision in your life and you need to know the facts before you move forward. My first bit of caution is to ignore the catchy lines.
Bankruptcy Advertising and Fees
Ignore phrases such as “free consultation,” “payment plans available,” and “low cost” etc. If you are deciding to file bankruptcy, you should at least learn about bankruptcy and talk to a knowledgeable attorneys to determine whether bankruptcy is the right decision for you.
1) Learn about bankruptcy – you should learn the pros and cons of bankruptcy. These are discussed in the next few pages.
2) Find a knowledgeable attorney – speak to a number of attorneys. The only way to determine the difference between attorneys is to contact them and find out what they do and their process. See the next page for more details.
Read More »Bankruptcy | The Truth
Baker Botts, LLP v. ASARCO, LCC This is a Chapter 11 case that involves attorney fees. Towards the end of the Chapter 11 case, the… Read More »2015 Supreme Court Bankruptcy Cases | Baker Botts, LLP v. ASARCO, LCC | Part 6 of 6
Caulkett v. Bank of America, N.A. It has long been settled that a Debtor in a Chapter 13 case can avoid a junior mortgage/lien under… Read More »2015 Supreme Court Bankruptcy Cases | Caulkett v. Bank of America, N.A. | Part 5 of 6
Bullard v. Hyde Park Savings Bank The case Bullard v. Hyde Park Savings Bank is about a debtor who submitted a proposed Chapter 13 repayment… Read More »2015 Supreme Court Bankruptcy Cases | Bullard v. Hyde Park Savings Bank | Part 3 of 6
Wellness Int’l Network, Ltd. v. Sharif To better understand the United States Supreme Court’s decision in Wellness Int’l Network, Ltd. v. Sharif (WELLNESS) we must… Read More »2015 Supreme Court Bankruptcy Cases | Wellness Int’l Network, Ltd. v. Sharif | Part 2 of 6
2015 Bankruptcy Decisions 2015 was a busy year for the United States Supreme Court. Among other decisions, the Court ruled that states may still use… Read More »2015 Supreme Court Bankruptcy Cases | Part 1 of 6
Taxes in Bankruptcy and the Two Year Rule There is a common misconception that taxes cannot be discharged in bankruptcy. However, if you owe taxes… Read More »Discharging Taxes and the Two Year Rule explained