Archive for Bankruptcy
Discover, the card that hits you back
Over the past few months there’s been an uptick in the number of credit card companies filing lawsuits in Court of Common Pleas and Magistrate courts in Pennsylvania against creditors have defaulted on credit cards.
Two of the highest rate filers are Discover Card and Capital One, with Discover Card probably outstripping Capital One at a [...]
The Delete Button Of Life
Anyone who as ever had a web-site has a nightmare. That nightmare is a simple yet scary one. That nightmare is that their entire web-site crashes and they are unable to recover.
Most of the time this is able to be averted by use of the backup file, but sometimes, to some very unlucky (or some [...]
Beware the money pet
Yes, you read that right, beware the money pet. Most of us have seen the movie “The Money Pit” with Tom Hanks and Meg Ryan, but how many people really figure out how much a pet is going to cost before they get one?
Recently I had a potential client in my office who in seven [...]
Question 2 at the 341 Meeting of Creditors: Are you personally familiar with the information contained in the petition?
This is the second in my series of posts regarding questions being asked at the 341 meeting of creditors. As stated in earlier posts preparation is the most important factor in whether your 341 meeting of creditors will go smoothly or be a nightmare. When I was in ROTC, the drill instructor used to say: [...]
What affect will Sonia Sotomayor have on bankruptcy court?
Yesterday Sonia Sotomayor was confirmed as a member of the Supreme Court. Whether you agreed or opposed her nomination, it’s a done deal now. So the question is what effect could Ms. Sotomayor’s ascension to the Supreme Court have on a the way bankruptcy laws are interpreted and therefore bankruptcy courts and procedure?
Bankruptcy cases rarely [...]
Question 1 at the 341 Meeting of Creditors: Did you sign the bankruptcy petition?
This is a first in my series of posts about questions are going to be asked at the 341 meeting of creditors. The 341 meeting of creditors is required whether you file Chapter 7 or Chapter 13 bankruptcy.
The first question you will be asked after stating your name for the record and showing your drivers [...]
What should I expect at my 341 meeting?
Prior to filing bankruptcy the thing people are most nervous about is having to go into court and declare to the world that they cannot handle their financial affairs. Most people’s understanding of court comes from television, but what’s depicted on television is nothing like what goes on in bankruptcy court, in if his bankruptcy [...]