Archive for the ‘Bankruptcy Problems to Avoid’ Category

Four Things to Know About Your Tax Refund in Bankruptcy

It’s that time of year, consumers are preparing to file their income taxes.  For some, having mortgage interest deductions, dependents as deductions, and things like the Earned Income Tax Credit can mean a large refund even if your income is relatively modest.  Keeping your income tax refund in your pocket, and out of the Chapter […]

“Zombie” Real Estate – the Deed That Would Not Die!

Northeast Ohio has been ground zero for the mortgage crisis of the Great Recession.  This has resulted in many homeowners who wind up walking away from their homes.  As home values decreased, it made less and less sense to continue paying the mortgage. Bankruptcy is an option for those people.  Although it is rare that […]

Credit Preference Payments: How to Avoid Them in Your Consumer Bankruptcy

You have probably never heard of a “preference payment” in a Chapter 7 consumer bankruptcy proceeding, but these are never fun conversations to have with a client.  Let me write about this now and hope that, if you decide to hire me as your attorney, we will never have to have this conversation.  This situation […]

December 1, 2015- New Bankruptcy Forms In Effect for All Filings

People trying to file bankruptcy starting December 1, 2015, may be in for a surprise. On that day, new mandatory bankruptcy forms went into effect and must be used in all consumer bankruptcy filings under Chapter 7 and Chapter 13. Consumers sometimes try to file their own bankruptcy, without a lawyer to represent them. If […]

What Happens If I Don’t List a Creditor in My Chapter 7 Bankruptcy?

One of the important steps in filing a Chapter 7 bankruptcy is to provide your attorney with all the information you can find about the debts that you owe. Normally this is done by giving your attorney all of the bills in your mailbox. Whether an original creditor, a debt collector or a collections attorney, […]