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Chapter 7, Chapter 13

Clients seek Chapter 7 , 13 and Chapter 20 bankruptcy relief

FIRST client is 45 and single. His gross income last year was $98K, which is good. It reached $98K because of bonus. Without bonus, his gross income is $72K. This year started out for him with nothing to expect by way of bonus. So his last four months gross income was $6K a month, net […]

Liens on my Home, will they be removed in Bankruptcy?

In brief, the liens will almost certainly delay or prevent the sale of your home. As well, while it may be possible to remove the liens, you will need to hire a lawyer. The main thing to understand is that liens survive the bankruptcy process unless special action is taken with the court. In a […]

Agreement To Pay Mortgage On Prior Marital Home Is Not Nondischargeable Domestic Support Obligation

Agreement To Pay Mortgage On Prior Marital Home Is Not Nondischargeable Domestic Support Obligation By Scott Riddle on October 21, 2015Posted in Northern District Cases In In re Lawson, Ch. 13 Case No. 13-73476-WLH (click here for .pdf of opinion) the issue was whether a settlement agreement between the Debtor and his former spouse, whereby […]

Bankruptcy Reform Act 10 Year Review

Bankruptcy Reform Act 10 Year Review By Sam Turco on October 26, 2015Posted in Chapter 13, Chapter 7, Foreclosure, Student Loans Ten years ago this month the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) became effective. The act was designed to make filing bankruptcy more difficult by requiring filers to provide more information to court […]

Chapter 7: The 99% Solution

Chapter 7: The 99% Solution By Sam Turco on November 17, 2015Posted in Chapter 13, Chapter 7, Debt Settlement What is the most effective solution to a serious debt problem?  Without a doubt, Chapter 7remains the single most effective way to eliminate debt.  What is the success rate of chapter 7 cases? In reviewing 172 […]

Chapter 7 – Bankruptcy Basics

This chapter of the Bankruptcy Code provides for “liquidation” – the sale of a debtor’s nonexempt property and the distribution of the proceeds to creditors. Alternatives to Chapter 7 Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole […]

Attorney David Galler Predicts a Volatile End of the Year for Consumer Bankruptcy

Attorney David Galler Predicts a Volatile End of the Year for Consumer Bankruptcy Atlanta, GA (September 2015) – David Galler, of Galler Law, LLC, discusses a significant overhaul in bankruptcy forms, claiming it will cause inevitable confusion for attorneys, creditors, judges and even the court itself. “Effective December 1, 2015, most official bankruptcy forms are […]