Your House: Can you keep it in bankruptcy? And if so, what other options are available? How to calculate equity.
Subscribe via RSS
Los Angeles Bankruptcy Blog: Current issues, comments, questions and answers in bankruptcy law.
Category Archives: chapter 11
How Do I Know Which Debts Were Discharged In Bankruptcy?
Once you get to the promised land in a bankruptcy case–the date your discharge is granted–there is frequently confusion among many as to which of their debts were in fact discharged. The confusion stems from expectations that there is some official specific ruling as to each debt. That would be nice, but it’s not the…
Should Your Corporation File Bankruptcy?
When does it make sense to file a Chapter 7 or Chapter 11 case for a corporation, LLC, or partnership?
What if you forget to list a creditor in your bankruptcy?
what happens if you accidentally omit a creditor from your bankruptcy filing?
How much debt do you need to go bankrupt?
A question I have been repeatedly asked over the years from my potential bankruptcy clients is: How much debt do they need before they can declare bankruptcy? I have found that this question has different intent and meaning to different people. For example, some people think that there actually is a minimum amount of debt…
Discharging consolidated debts in bankruptcy
Another frequent question I get from potential clients is whether debts that they are making payments on as part of a “debt consolidation” program are dischargeable in a bankruptcy case. In fact, I’ve had numerous people think that those aren’t even debts anymore, once they are in a repayment program, or that magically the 15…
Can You Only Bankrupt Certain Debts and Keep Others?
Whether you can discharge (bankrupt) specific debts and keep others is a question that over the years I get asked repeatedly. Actually, strangely enough, clients don’t ask it as a question. They state it as if it were completely possible. “I want to get rid of my large debts and keep the small ones”. After…