Bankruptcy horror stories (Part 1): Bankruptcy can be a disaster if…
We have previously talked about bankruptcy success stories. But can the outcome of filing bankruptcy be disastrous? Yes, it can be – and usually the culprit is bad legal advice, or lack of advice. * Just yesterday, “Kim” attended her 341 Meeting of Creditors. Kim, an elderly woman whose only …
21 things NOT to do at the 341 Meeting of Creditors
If you file a bankruptcy petition, you will normally be required to attend one court meeting, called 341 Meeting of Creditors. This meeting is a very important step to getting your debts discharged. 341 Meeting is brief and fairly informal, and usually boils down to answering some standard straightforward questions posed by …
Bankruptcy Success Story: David and Maria
David* and Maria*, a couple in San Jose, California found out first hand just what a powerful and positive solution filing bankruptcy can be. David and Maria have been married for over 20 years and have three teenage daughters. They have a small business, offering gardening and landscaping services. When …
Can you file bankruptcy if you filed before?
Yes, as long as the previous case has been closed. However, you many not have the full benefits of bankruptcy protection and bankruptcy discharge, depending on how long ago you filed previously, how many previous cases you had, whether the previous case was Chapter 7 or Chapter 13, and whether …
Do you have to go to court and see the judge if you file bankruptcy?
Usually, no. In most cases, the only court meeting you have to attend is the Meeting of Creditors, which is conducted by the bankruptcy trustee. The judge is not present, and the meeting is normally held in a conference room in a federal building, not a courtroom. Your bankruptcy attorney …
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