Category Archive: blog

Aug 06

Chapter 7 bankrputcy and meeting your creditors

When you file for Chapter 7 bankruptcy, you will have a meeting with someone who represents your creditors (called a “trustee”). At this meeting you, the trustee and your attorney will review your bankruptcy filing and the trustee will ask a few questions about your financial circumstances. These meetings typically take place in a courtroom …

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Jul 19

How does bankruptcy affect co-signers?

A co-signer is someone who is legally committed to fulfilling a loan obligation for someone else if that person cannot fulfill their own obligation. In most cases, a co-signer must have a credit rating high enough that they could get the loan on their own. If you file for bankruptcy, how the loan affects the …

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Jun 19

Undischargeable debts under bankruptcy law

A bankruptcy discharge occurs when a court relieves a debtor of the liability of paying a debt (which is not the same thing as having a debt forgiven). Not all debt is dischargeable. Here is a list of some the things that are not: Fraudulent debt, i.e., debt which was incurred with no intent to …

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