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Bankruptcy trustees are responsible for administering bankruptcies and directing cash to creditors An impartial bankruptcy trustee is appointed in every case to oversee and administer the various tasks related to the bankruptcy. The main duties and responsibilities of...
Before you file for bankruptcy, get the facts on preferential transfers to make sure they aren’t rescinded by the bankruptcy trustee. In a bankruptcy case, a trustee is appointed to review your bankruptcy petition, look for signs of fraud, and attempt to maximize the...
The law protects you from harassment and provides a means of discharging your credit card debts. If you’ve ended up with a significant amount of credit card debt, you may despair of ever being able to pay it off. Even if you could make the minimum payment every month,...
Filing for bankruptcy too soon can limit your ability to maximize debt relief When it comes to filing for personal bankruptcy, timing is everything. You need to choose your timing wisely in order to maximize benefits and minimize forfeitures. The best way to pick the...
Hiring a bankruptcy attorney can shield you from debt collector harassment Every year it seems certain types of litigation stand out in the public eye. In 2014, debt collector lawsuits seem to be taking center stage. While debt collector harassment is hardly new, it...
Your bankruptcy attorney can help you get maximum debt relief while protecting your assets. Technically, you do not need legal representation to file for bankruptcy. However, if you want to make sure you get the maximum possible debt relief from your bankruptcy, you...
Declaring bankruptcy helped City Lights Media CEO recover after economic downturnIn 2008, Danny Fisher was owner and CEO of City Lights Media, one of the world’s largest independent film and television producers. By 2009, his 27-year-old company, which had once...
Understanding the protections offered by the California Bankruptcy Exemptions Many people are apprehensive about even considering initiating a bankruptcy proceeding because they assume they’ll have to give up all or most of their belongings to help pay off their...
These three circumstances may provide grounds for discharging your student loan debt Most student loans are very difficult to discharge in a bankruptcy, unlike your typical unsecured debt such as credit card debt, which can be easily wiped away in Chapter 7...
Chapter 7 and Chapter 13 bankruptcy can help homeowners prevent foreclosure In a paper titled “Bankruptcy During Foreclosure: Home Preservation Through Chapters 7 and 13,” researchers from the University of North Carolina have quantified what experienced bankruptcy...