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Bankruptcy Case Administration

Court To Wells Fargo – OK To Freeze Accounts Of Chapter 7 Debtors

If you're filing for bankruptcy, move your money out of Wells Fargo before you file - even if you don't owe them any money. It's long been the practice of Wells Fargo to place what they call a "temporary administrative pledge" on bank accounts when the account holder files for bankruptcy. At that point, Wells

By |August 26th, 2014|

Bankruptcy Dismissed – Now What?

Bankruptcy offers protection from your creditors and a chance to achieve your desirable outcome. But when dismissal looms, your future may not look so bright. When you file for bankruptcy, you get the benefit of knowing that your creditors can’t take any action against you. In return for the protections of the bankruptcy laws, you’ve

By |January 31st, 2014|

What It Really Means To Surrender Property In Chapter 7 Bankruptcy

Telling the bankruptcy court that you’re surrendering property in a Chapter 7 bankruptcy doesn’t mean it’s not yours anymore. When you file for Chapter 7 bankruptcy, you complete a document titled “Statement of Intention.” That document outlines for the court what you intend to do with the property that’s secured by debts. Think mortgages and

By |January 27th, 2014|

6 Steps To Take When You Leave A Creditor Off Your Bankruptcy Schedules

Ever forget where you put your keys? This clunky mass of metal and plastic, a critical piece of your day-to-day life, just goes missing. Frustrating, but it happens. And most of the time, you’ll eventually find them sticking out of the lock of the front door or buried under a pile of mail on the

By |January 17th, 2014|

How To Stay In Bankruptcy – Even After You Die

Death may be the end of the road for many, but if someone is in bankruptcy then the case can still go on. What if your loved one has filed for bankruptcy and dies before the case is over? Does the bankruptcy case disappear, or does it continue? How does it affect the administration of

By |January 10th, 2014|

California Median Income Figures for Bankruptcy Updated For November 2013

The U.S. Department of Justice has published new median income figures for all bankruptcy cases filed on or after November 15, 2013. The numbers has gone down from the prior figures, signaling a reduction in the average household income for California families. Effective November 15, 2013, the applicable family median income for people filing for

By |November 1st, 2013|

Filing For Bankruptcy Means Showing Your Cards

When you file for bankruptcy, you’re putting yourself under a spotlight. Hide assets or refuse to cooperate and you could end up getting in a whole mess of trouble. Take, for example, Denny Hecker. Denny filed a Chapter 7 bankruptcy case in Minnesota. The trustee demanded certain documents from him, but Denny refused. Denny is

By |October 20th, 2013|

Geltzer Sues Catholic Schools In Bankruptcy Court

A bankruptcy trustee in Brooklyn is telling the U.S. Bankruptcy Court that there’s no value in going to Catholic school. Robert L. Geltzer, a Chapter 7 bankruptcy trustee, filed suit against a local Catholic seeking a combined total of about $21,000 for what he seems to think as a valueless education. His position calls into

By |October 14th, 2013|

How Long It Takes To Complete Your Chapter 7 Bankruptcy Case

Chapter 7 bankruptcy is remarkably powerful – and incredibly fast. I’ve always said that it takes longer to decide to file for Chapter 7 bankruptcy than for the case to go through the court system. For most of my clients, the decision-making process takes months of painstaking soul-searching. First comes looking at options, then compiling

By |August 22nd, 2013|