Richard West Law Office Blog Content

Bankruptcy filing have been on the decline for the past several years, with the decline being attributed to less medical debt thanks to the Affordable Health Care Act and an increase in the difficulty of getting a Chapter 7 bankruptcy case approved by the courts courtesy of the 2005 means test addition to bankruptcy filings. […]

IF you didn’t know, filing for bankruptcy does have a cost associated with it. When you file for Chapter 7 or Chapter 13 bankruptcy there are filing fees, costs for take the required courses, bankruptcy attorney fees, and bankruptcy trustee fees. Many individuals see these costs as a hardship as they have been barley getting […]

In filing for bankruptcy, an individual or business approaches the court with a full record of their finances, both debts and assets, and asks the courts for help in satisfying the debt. If all guidelines are met, then the court will make a ruling to discharge unsecured debt such as medical bills, or any debt […]

Often simply called an AP in bankruptcy lingo, an Adversary Proceeding is a lawsuit that is filed separately but in relation to a bankruptcy case and resembles a typical civil case. In an adversary proceeding is typically a creditor, trustee, or debtor suing another party over a dischargeability of debt, preference payment, violation of automatic […]

Victor Dandridge, a former partner at Thompson Davis & Co., plead guilty on Wednesday to two counts of wire fraud and one count of bank fraud in a scheme that involved defrauding the widow of a Richmond investment banker, as well as, a western Virginia Bank, and a University of Virginia fraternity. In court documents, […]

Both Chapter 7 and Chapter 13 bankruptcy are excellent tools to shed unsecured debts and get caught up with creditors. Yet some individuals with relatively little short term cash to pay back debts, also have long-term investments that they are concerned about losing in a bankruptcy. When moving forward with bankruptcy it is important to […]

If you are preparing to file for bankruptcy and also receive a pension, you are probable wondering if your pension will be exempt from being tapped into during a Chapter 7 bankruptcy liquidation. The answer depends widely on what state that you live in and what type of pension that you have. The positive news […]

The Fair Debt Collection Practices Act (FDCPA) was a huge win for consumers in America faced with escalating debt. Under the FDCPA, debt collectors, or individuals that collect debts owed to others, are prohibited from using unfair or abusive tactics to collect money owed. This week, the House Financial Services Committee announced that it is […]

As the retail bankruptcy onslaught continues into mid-July of 2017, children’s clothing retailer Gymboree is the most recent victim in the struggle for stores in North America to stay solvent. Gymboree announced that the company will have to shut down nearly 350 of its 1281 stores nationwide starting on Tuesday, July 18th after filing for […]

This question, “what happens when you file bankruptcy?” is a common one for individuals troubled with debt, and the lack of a formalized answer can sometimes cause anxiety and inaction. Not acting on debt is among one of the worst things that you could do, and so we’ll explain exactly what happens when you file […]