There are instances in which a bankruptcy petition can provide an additional revenue stream instead of the fee an attorney charges for the consultation, preparation and appearance for the debtors bankruptcy petition. More…
Category Archives: Behind The Bankruptcy Petition
Chapter 7 Means Test Analysis Reply
The story begins with a new client we will call Mr. Smith. He comes into your office and explains that he has a substantial amount of debt, but also earns a very substantial income and has no dependents.
He also insists on filing for Chapter 7, as he has heard a friend of his who also earns a substantial amount of income filed for Chapter 7 and received a discharge absolving them of all debt.
Is what’s good for the goose, good for the gander? More…
Bankruptcy Paralegals Performing Their Due Diligence Reply
I believe in any position a person is in, whether it be receptionist or administrative assistant to office manager or executive, employers like to see that you will take that extra step beyond your assigned role to provide a better quality of work than they are accustomed to.
I had a discussion the other day More…
Know Thy Chapter 13 Bankruptcy Trustee Reply
One Trustee prefers the tax language in a Chapter 13 Bankruptcy Plan one way, while the other prefers it another. One Trustee will not accept a Chapter 13 Bankruptcy Plan paying unsecured creditors less than 10%, while another is more flexible. Then there is the Trustee whose procedures seem like they change every 6 months to a year without notice.
Knowing what each Chapter 13 Bankruptcy Trustee in your district prefers More…
Reviewing Your Bankruptcy Files Reply
The 3,2,1 Rule to Bankruptcy Case Management
As if the Bankruptcy Courts and Trustees do not provide bankruptcy attorneys with enough rules to follow. Well here is a simple rule that I learned from New York Bankruptcy Trustee Michael J. Macco when I worked for him as a Bankruptcy Paralegal. It is pretty simple and allows you to stay on top of your Chapter 13 Bankruptcy files prior to a Confirmation Hearing. More…
