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Who is the Bankruptcy Trustee?
When you file bankruptcy, a trustee is appointed by the Office of the United States Trustee to administer your case. Barring an unusual...
Peter Bricks
Aug 31, 20102 min read
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Can you Discharge Income Taxes in Bankruptcy?
Many debtors filing bankruptcy think they cannot discharge income taxes in bankruptcy. However, that is not true. Income taxes can be...
Peter Bricks
Aug 12, 20102 min read
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What is a Motion to Lift Stay?
Upon filing of a bankruptcy case, the automatic stay immediately kicks in. The importance of the stay instantly kicking in cannot be...
Peter Bricks
Jul 29, 20102 min read
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What is the Automatic Stay in Bankruptcy?
I have seen my fair share of debtors who file bankruptcy without needing immediate relief. They might be current on all their bills and...
Peter Bricks
Jul 23, 20103 min read
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Important Dates to consider when filing bankruptcy
Filing bankruptcy is painful enough for most debtors. The last thing you want to do on top of that is to make a mistake in your filing...
Peter Bricks
Jul 18, 20102 min read
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What Happens at Your 341 Meeting of Creditors?
No matter which chapter of bankruptcy you file, you will have to attend a debtors exam with your assigned trustee (also known as your 341...
Peter Bricks
Jul 9, 20103 min read
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Chapter 7 or Chapter 13 Bankruptcy: What Not to do Before Filing
When you file a bankruptcy petition, you are filing a voluntary bankruptcy petition, as it is called. However, the word voluntary applies...
Peter Bricks
Jul 4, 20102 min read
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What are Your Bankruptcy “Exemptions”?
Perhaps the most common question I get when I am talking to a client for the first time about filing bankruptcy is Don’t I have to give...
Peter Bricks
Jul 1, 20103 min read
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What Happens After You File Your Chapter 13 Bankruptcy Case?
While it can be argued that the effort and preparation required in just filing a Chapter 7 case constitutes the majority of the work the...
Peter Bricks
Jun 3, 20104 min read
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What Happens After You File Your Chapter 7 Bankruptcy Case?
You have finally gone into your attorneys office and signed your bankruptcy papers for your chapter 7, so like most debtors you are...
Peter Bricks
May 25, 20104 min read
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Banking Account Pointers Prior to Bankruptcy Filing
Many bankruptcy debtors have very limited disposable funds in the form of liquid cash prior to their bankruptcy filing. What they have in...
Peter Bricks
May 11, 20103 min read
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Can You Get Rid of All Liens in Bankruptcy?
Liens come in three forms. They are either consensual, statutory or judicial. A consensual lien is where a debtor voluntarily grants a...
Peter Bricks
May 6, 20102 min read
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Which Assets Must You Declare When You File Bankruptcy?
When you file bankruptcy, which of your assets must you declare on your petition? The answer is simple- all of them. But what about the...
Peter Bricks
Apr 28, 20102 min read
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Why It is Important to Identify Any Possible Inheritances Prior to Bankruptcy
When filing bankruptcy, a debtor must declare all of his/her assets. This is because a debtor can only protect so many assets under the...
Peter Bricks
Apr 19, 20104 min read
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What Your Bankruptcy Filing Means to Your Co-debtors
When a couple files jointly for bankruptcy and receives a discharge, all their debts that are eligible for discharge are so discharged,...
Peter Bricks
Apr 12, 20102 min read
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What is the Means Test?
The means test is a purely mathematical calculation required by the bankruptcy court for the purpose of determining if an individual...
Peter Bricks
Apr 5, 20103 min read
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How to get rid of an entirely unsecured mortgage in a Chapter 13
Many homeowners are behind in their mortgage payments. Combine that fact with the nationwide decline in housing prices, and it is not...
Peter Bricks
Mar 26, 20102 min read
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Bankruptcy and Property: What are the Effects of Bankruptcy on Your House and Car?
Those of you filing chapter 7 bankruptcy will face the decision of whether you should reaffirm your secured debts, which are typically...
Peter Bricks
Mar 13, 20104 min read
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Disclose Everything on Your Bankruptcy Petition
They say the three most important words in real estate are location, location, location. Likewise, the three most important words in...
Peter Bricks
Mar 13, 20102 min read
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Be Careful of Income Consequences When Settling Debts
Settling your debts in full is a good thing. It can keep you out of bankruptcy, get rid of those pesky collectors, help your credit and...
Peter Bricks
Mar 13, 20102 min read
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