One of the very basic tenants and cornerstones of protection is the automatic stay. When a Bankruptcy case is filed the automatic stay is put into place. The automatic stay acts as a shield to creditors, and will prevent actions …
It is generally not wise to repay debts just before filing bankruptcy. Those considering bankruptcy often owe debts to many creditors. As a result, many are tempted to attempt to pay off one or more particular creditors before they file …
Why is paying off creditors before bankruptcy generally not a good idea? Read more »
In most cases, when you hire an attorney, you are embarking on a long term relationship. In the United States, the attorney acts as solicitor and counselor. This means that the attorney does the legal work required for your standing …
The Bankruptcy Code offers a number of interesting code sections that allow for reorganization of secured debt. The most secured debt that people have are their cars and their homes. The Bankruptcy Code allows a person that files either Chapter …