Category Archives: Bankrtuptcy Filing

Proof of Claims in Bankruptcy

Proof of Claims in Bankruptcy

A “proof of claim” is a form that your creditors must file to the court to ensure they get a portion of the payments from your bankruptcy estate. Proof of claims must be filed within 90 days after the meeting of the creditors (341 meeting). All unsecured creditors must file a proof of claim to get paid […]

You Don’t Have to be Broke to File Bankruptcy

Bankruptcy Attorney

Some people believe that when they file for bankruptcy, they will forfeit their assets to the court to be sold and paid to their creditors. For the most part, people that file bankruptcy get to keep all of their assets either because of the exemption laws or the type of bankruptcy they file. Many people […]

Should I File for Bankruptcy a Second Time?

Bankruptcy Attorney

When you first completed the bankruptcy process and received your debt discharged you most likely assumed that it was smooth sailing ahead and that there would be no way of debt ever creeping back into your life. This just isn’t the case in many situations and a financial disaster can strike at any time. It […]

Spokane, WA Doctor Settlement Proposed in $191 million bankruptcy

Bankruptcy Attorney

Doctors Debra and Sajid Ravasia of Spokane Washington jointly filed a massive $191 million bankruptcy in January of this year owing as many as 8,000 creditors. Perhaps even a bigger shock than the amount of the private Chapter 7 bankruptcy, is that the settlement that is proposed would allow the Ravasia couple to settle the […]

What Happens When You File Bankruptcy?

Bankruptcy Attorney

  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 […]

Does the Bankruptcy Trustee Monitor My Bank Account?

Bankruptcy Attorney

When you file bankruptcy, whether it is a Chapter 7 or Chapter 13 filing, the bankruptcy trustee plays a big role in the process. Once you and your bankruptcy attorney in Cincinnati have filed a successful bankruptcy petition, the bankruptcy court assigns a bankruptcy trustee who will be charged with executing your estate. Trustee Responsibilities […]

Child Support Payments during Bankruptcy

Child Support Payments during Bankruptcy

Paying Child Support During Bankruptcy Proceedings. One of the primary reasons many people are forced to file for bankruptcy, either Chapter 13 or Chapter 7, is because they are going through a tough divorce. Most often, if you have young children there is also the issue and additional expense of paying child support. Filing for […]