OK, here’s the deal with bankruptcy and foreclosure. Despite what you may have heard, filing for bankruptcy does not necessarily permanently stop a lender from foreclosing on your home. Filing for bankruptcy will always temporarily stop the bank foreclosing on your home. This is true regardless of which chapter you file under. In some cases, [...]
Aurora Bankruptcy Attorney David Siegel Says Don’t Fear Your Meeting Of Creditors
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According to Aurora bankruptcy attorney David Siegel, the meeting of creditors is provided pursuant to this Section 341 of the United States Bankruptcy Code. The meeting is often referred to as the 341 meeting of creditors or your bankruptcy court date. At the meeting of creditors, you along with your attorney are going to be [...]
Joliet Bankruptcy Attorney David Siegel Explains The Automatic Stay
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Joliet bankruptcy attorney David Siegel states that the automatic stay is created immediately upon the filing of your bankruptcy case whether it be a Chapter 7 or a Chapter 13 case. The automatic stay is a one-page document that gets sent to creditors notifying them of your bankruptcy and prohibiting them from taking certain actions. [...]
Chapter 7 Bankruptcy in Arizona: What You Need to Know
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Filing for Bankruptcy in Arizona is Different Than Other Parts of the Country Most of the bankruptcy information that consumers will find online is geared towards a national audience. In many ways, this makes sense as the chapter 7 process is somewhat similar throughout the country. The bankruptcy code is federal law, meaning that its [...]
Chapter 7 Bankruptcy in New Jersey: What Consumers Need to Know
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Chapter 7 Bankruptcy in New Jersey Whether they live in New Jersey, New York or California, when most people think of personal bankruptcy, they are usually thinking of chapter 7 bankruptcy. Often referred to as “straight bankruptcy” Chapter 7 allows debtors to quickly discharge unsecured debts, such as credit cards and medical bills, while retaining [...]
Filing Bankruptcy in Ohio: What You Need to Know
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Chapter 7 bankruptcy: The Basics Whether you’re filing bankruptcy in Ohio or another part of the country, the basics of chapter 7 bankruptcy are very similar. In exchange for the forgiveness of the vast majority of your debts, including the discharge of all of your unsecured debts, you agree to put your assets temporarily under [...]
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