» Chapter 13 Bankruptcy

Money inherited more than 180 days after petition date belongs to Chapter 13 bankruptcy estate

In Moore, the bankruptcy court for the Eastern District of Tennessee joined a majority of courts and held that money inherited outside of the 180 day window set forth in § 541 was still property of the chapter 13 estate. In the Moore case, the debto… Read More
Read More

Discharge of debts in Chapters 7 and 13; important differences you should know

Through a Chapter 13 payment plan, a debtor may discharge multiple types of debt that cannot be discharged in a Chapter 7 bankruptcy (a liquidation). Thus, if you qualify for a Chapter 13 bankruptcy, and your debts would be nondischargeable in a Chap… Read More
Read More
mature adult man working at home ( laptop, financial bill, credit card, smart phone)

Serial Bankruptcy Filings Initiated to Delay Creditor Action Can Lead to Criminal Charges

In United States v. Williams, Case No. 17-2244 (7th Cir., June 6, 2018), the Seventh Circuit upheld jury trial verdict against Charlise Williams on five counts of bankruptcy fraud, resulting in 46 month prison sentence. Read More
Read More
Digital generated debris behind solid house shadow with fractures and blood in it. (3d render)

Chapter 20 Bankruptcy Explained

Most individuals have heard or read about Chapters 7, 11, or 13 Bankruptcy. With big cities such as Detroit filing Bankruptcy, Chapter 9 Bankruptcy (municipality restructuring) has become a more mainstream term. Chapter 12 Bankruptcy also exists, but… Read More
Read More
Highway directional sign for Bankruptcy

Top 5 Bankruptcy Myths Debunked

Bankruptcy has many misconceived stigmas to it. Frankly, there is a lot of misinformation out there, and much of the stereotypes regarding bankruptcy are just not true. With just over one million people declaring bankruptcy as of the 12 month period… Read More
Read More
close up man hand opening empty wallet over calculator , debt expense bills monthly and credit card at the table in home office , managing payroll,money risk financial concept

Full Disclosure: Why It's Important to Tell Your Chicago Bankruptcy Attorney EVERYTHING When Filing Bankruptcy

The decision to file bankruptcy is a difficult one for most people, and it requires disclosure of a tremendous amount of information. The temptation can be great to hold back in some areas, just to feel like one is retaining a little bit of control.… Read More
Read More
mature adult man working from office ( with laptop, paperwork, Negative Emotion)

What NOT to Do Before Filing Bankruptcy

Most people who file a Chapter 7 or Chapter 13 bankruptcy have done everything they could to avoid filing, or even consulting with a bankruptcy attorney. People take pride in being to solve their own financial problems. Unfortunately, sometimes their… Read More
Read More