You do not have to be a U.S. citizen to file bankruptcy. You do have to be a resident of the state in which you file your bankruptcy case and have lived there for the last 180 days. Filing bankruptcy without being a U.S. citizen does raise one complication. Most debtors who file bankruptcy are […]
FILING A CLAIM IN CHAPTER 13 BANKRUPTCY ISN’T JUST FOR THE CREDITORS
In Chapter 13 bankruptcy, debtors prepare a plan to repay their creditors. Creditors have an opportunity to review the plan, and if they feel they are being treated unfairly, they can file an objection to the plan. Once all objections are resolved, and the plan is confirmed by the Court, the creditors are bound by […]
How does filing Chapter 7 Bankruptcy affect my credit score?
Many people know that filing bankruptcy will negatively affect their credit score. However, many people fail to recognize that creditors use other criteria for determining their credit score. We have clients who have received credit offers within a short time after they have completed their bankruptcy. It is possible to have a higher credit score […]
How is a Bankruptcy Case Initiated?
A bankruptcy case is initiated by filing a petition for bankruptcy in the office of the Clerk of the Bankruptcy Court. The petition lists the name, address and social security number of the debtor, states the necessary facts to show that the case has been filed in the right court, and alleges that the debtor […]
HOW WILL A GOVERNMENT SHUTDOWN AFFECT MY BANKRUPTCY CASE?
If you have been following political news lately, you have probably heard that lawmakers have not been able to reach a compromise regarding a spending bill, and as a result, the federal government may temporarily shut down. As a bankruptcy lawyer, I am interested in how this will affect progress in bankruptcy cases. The last […]