Short Sale. Debt Consolidation. Many times the decision to file bankruptcy is the better option. I just got off the phone with a client who retained my services 2 years ago to file a Chapter 13 bankruptcy. They never actually filed. Now, they have an offer on a short sale and have hired a debt consolidation company. He and his Wife make a good income (just...
I spent some of my July 4th weekend reading other bankruptcy blogs. I know, exciting, right? One post I found very interesting, was on Jonathan Ginsberg‘s blog and dealt with how Facebook is changing the practice of law. Jonathan is an Atlanta bankruptcy lawyer. In previous posts I have explained the requirement that a debtor must disclose all of his or her assets in the...
No, unless you intentionally failed to disclose assets or income, in which case you really shouldn't be entitled to a discharge of your debts, you will only have to deal with the possibility of certain debts not being discharged in your case, not that your whole case will be thrown out.
A non-exempt asset is an asset that exceeds the amount of the exemptions that the debtor is entitled to claim. However, just because you have a non-exempt asset in your bankruptcy estate does not mean that you will lose the property. There are various ways that you can keep the property such as by entering into a buyback agreement with the Chapter 7 trustee, or by filing a Chapter 13 Bankruptcy.
Let's face it folks, sometimes we need a fresh start in life. What's so wrong with using a perfectly valid law to enable yourself to do just that? Nothing. After all, The L.A. Dodgers made that decision today.
It’s a hard enough in today’s economy to land a job. Will filing bankruptcy make it that much more difficult to find a job? Many of my clients worry about the effect filing bankruptcy will have on their effort to find a job. While everyone’s situation is different, during the last 11 years of my representation of people filing bankruptcy, one thing has remained constant,...
Recently, during a free evaluation, I was asked by a potential client if he had to make payments on his bills when filing Bankruptcy, Chapter 13 specifically. First, I had to determine what he meant by “Bills”. Bills go by many different names, there are bills that you pay for on going service, like utilities, cable, cell phones, and then there are other debts, like...
In previous posts I’ve discussed the differences between a Short Sale and filing bankruptcy and if one is preferable over the other. However, many of my clients who own real estate and have gone through the bankruptcy process have a different question: Is it necessary, or should I do a short sale after I file Chapter 7 bankruptcy or surrendered my property through a Chapter 13...
So, by way of update, KEL can continue to represent consumers filing for bankruptcy in the Middle District of Florida but the Florida Bar is now investigating KEL.
Across Florida, and the nation for that matter, there have been a number of stories recently in the news reporting that foreclosure filings have been down for the last 8 months. This is a little misleading and is not at all cause for celebration. There is a specific reason why filings are down, and it is not because people are suddenly able to make their...