How can I start a bankruptcy case as soon as possible?
If you need to start a bankruptcy case as soon as possible, you may fill out a “skeleton form.” Skeleton filing is when you fill out only the Voluntary Petition which is basically an overview of your...
View ArticleCan I negotiate payments with my creditors without filing for bankruptcy?
If you do not have excessive debts, it may be appropriate for you to contact your creditors in order to work out a repayment plan with them. This would likely be advisable in instances where your debt...
View ArticleWhat is a deed in lieu of foreclosure?
A deed in lieu of foreclosure is different from a foreclosure because it is done voluntarily. It is when you voluntarily transfer title to the property back to the bank/lender instead of having them...
View ArticleWhat happens when my ex-spouse files for bankruptcy?
First of all, it is important to remember that once one files for bankruptcy, the automatic stay applies. If you are a creditor, this means that you will not be able to contact your ex-spouse in...
View ArticleWhat happens to property I own in another country?
When you file for bankruptcy, you must declare all your assets including any property owned in another country. There is no exception for income coming from a foreign source. The bankruptcy trustee has...
View ArticleWhat happens if I fail to pay the amount of my repayment plan?
If you fall behind or fail to make payment for your repayment plan, the Trustee can move to dismiss your case. If this occurs, the debt you owe will no longer be reduced and you will not have the...
View ArticleIf I file for bankruptcy, can I still become a U.S. citizen?
Yes you may still become a U.S. citizen because filing for bankruptcy doesn’t disqualify you from applying for Naturalization. However, one thing you will have to deal with due to filing for bankruptcy...
View ArticleStudent Loans and Bankruptcy
In general, most student loans will not be dischargeable in bankruptcy. There are some limited (and important) exceptions to this general rule which I will not be discussing in this posting, but for...
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