Archive for Chapter 7
Who is the Bankruptcy Trustee Anyway?
One of the most common questions I get my bankruptcy practice is: “What is a bankruptcy trustee?”
Perhaps the proper question is who. In both Chapter 7 and Chapter 13 bankruptcy, the bankruptcy trustee represents your creditors in the bankruptcy court. It is a trustee’s job to look out for the interests of the creditors.
That doesn’t [...]
So Chapter 13 can save my house… but I shouldn’t do it?
The Lehigh Valley has been hit particularly bad during this mortgage foreclosure crisis. Consumers from Allentown, Bethlehem, Easton, and the surrounding cities and suburbs are finding themselves past due on mortgages that are significantly higher than what they could sell their home for.
It was doomed to happen. In 2005, houses routinely fetched $250,000 to $300,000 [...]
Beware the Bankruptcy Petition Preparer
I saw an advertisement on craigslist yesterday that piqued my interest.
It was a simple ad really, Chapter 7 bankruptcy $399. So I started thinking what’s the catch. Generally speaking attorneys in the Lehigh Valley charge anywhere from $1600-$3000 for Chapter 7 bankruptcy service depending on the complexity of the case.
So I open the add and [...]