Will the court pay for my bankruptcy filing fee? (0)
9/18/11 •
A concern of most clients, and mine too, is the filing fee for a bankruptcy. I remember when the filing fee was $45.00 for a chapter 7. Now, it is almost five times that figure and close to $300.00. Frankly, I think that is somewhat unreasonable, but just my opinion. Unfortunately, if you [...]
Recent Posts
Chapter 7 or 13? (0)
7/29/11 •
In an earlier post, I discussed the benefits of filing chapter 13. The more I think about it, the difference between filing a 7 versus filing a 13, comes down to one word: Control. With a chapter 7, you lost control over your assets, your filing, everything. It is as if you have died financially, [...]
Exemption law simplified (0)
7/16/11 •
Each state allows you to keep certain property even if you file for bankruptcy. They law refers to these allowances as “exemptions.” Each state has a different set of statutes regarding exemptions. To complicate matters, some bankruptcy courts allow you to elect the federal set of exemptions. Colorado is NOT one of those states. In [...]
The Retirement Withdrawal Trap (0)
6/25/11 •
As most of you know by now, to file bankruptcy, all filers need to submit to a means test. What that means, no pun intended, is that your lawyer or yourself, if you are filing pro se, must prepare and file what we lawyers call the dreaded B22c form. This form basically analyzes the prior [...]
What to expect at your First Meeting of Creditors (0)
6/18/11 •
The first meeting of creditors is your first time at “court.” There is only one catch: you do not go to court, nor do you meet a judge. The first meeting of creditors is required under 11 U.S.C. 341. This is the chapter 11 of the United States Code. It is actually an opportunity for [...]
