The meeting of creditors is a hearing you must attend during a bankruptcy proceeding. It is called a “meeting of creditors” because creditors are notified that they may attend and ask you questions pertaining to assets or any matter pertinent to the administration of your case. It may also be referred to as a “341 [...]
One of the documents you must file in your bankruptcy case is a Creditor’s Matrix. A creditor’s matrix is a list of your creditors. There is a list of regulations that must be followed so that it is compatible with the Court’s automated noticing system. If your creditor’s matrix does not meet the requirements, which [...]
Today I will finish my discussion of bankruptcy discharge by answering some final questions:
· Can you receive a discharge if you have a history of a prior discharge?
If you are filing bankruptcy under Chapter 7 and have received a discharge under Chapter 7 or Chapter 11 within the past eight years the court will deny [...]
My bankruptcy clients ask me whether or not their creditors can object to a discharge. Once again the answer depends on which Chapter you are filing for bankruptcy under.
If you file under Chapter 7 you do not have an automatic right to a discharge. Your creditor may file an objection to your discharge, and so [...]
In the last blog I mentioned that during your bankruptcy case there may be a litigation involving objections to a discharge, today I would like to address that issue. The debts which are dischargeable vary under the Bankruptcy Code. There are nineteen categories of debt that are not dischargeable under Chapter 7, Chapter 11, and [...]
In my last blog I discussed the what and when of bankruptcy discharge and today I will examine how you, as a debtor, obtain a discharge. Usually you will receive your discharge automatically after your case is settled, unless there is a legal disputation involving an objection to the discharge. The clerk of the bankruptcy [...]
What does it mean when there is a discharge in your personal bankruptcy case? It means that you are no longer legally required to pay any debts which are specified in the discharge. The discharge is a permanent order prohibiting your creditors from taking any action to collect on discharged debts. Discharged creditors may not [...]
I’ve been hoping to supply additional information that might be helpful to someone considering filing personal bankruptcy. Then I remembered an issue that is often on a couple’s mind when preparing to file bankruptcy. They want to know what a joint bankruptcy petition is and whether just one of the spouses can file.
A joint bankruptcy petition is when a husband and [...]
After filing personal bankruptcy in Colorado, clients are concerned about their options for obtaining a decent credit card. As I have said on my Colorado Bankruptcy Help FAQ page: In today’s competitive lending environment, credit is available to the recently bankrupt. It may be more expensive than before, and available with lower limits, but it [...]
If you are thinking about filing personal bankruptcy you may be concerned about the impact it will have on your small business. As with many bankruptcy issues the answer depends on your specific situation-in other words, there is no simple answer. The first matter that needs to be established is the kind of business you [...]
