Browse through our Bankruptcy Video FAQ for the answers to the most common bankruptcy questions. Click the ‘tags’ dropdown to browse through the different categories.
June 22, 2017
Our Professional Answer: All too often, I’m asked if bankruptcy is morally wrong? Bankruptcy is a law that’s granted to us by Congress but there’s a reason. The reason is that without a bankruptcy code to […]
June 22, 2017
Our Professional Answer: When you talk about avoiding powers in a Chapter 11, what you’re discussing is the power of the debtor-in-possession, to reduce liens on property to the actual value of the property and convert […]
June 22, 2017
Our Professional Answer: In a Chapter 11 bankruptcy, the United States trustee, the Justice Department lawyer that overlooks the case, can when prompted by the creditors of your case form a creditors committee. The creditors committee […]
June 22, 2017
Our Professional Answer: Credit counseling agencies could be one of two types of groups. One, a credit counseling agency is a place you go to get a certificate of credit counseling prior to entering bankruptcy. More […]
June 22, 2017
Our Professional Answer: Bankruptcy is a powerful financial tool. It’ll allow you to discharge all the debts you have a legal obligation to pay with minor exceptions of federal taxes in the last three years, civil […]
June 22, 2017
Our Professional Answer: UCC financing statements are much like loan agreement liens, for businesses, for property that doesn’t typically have a title. If you buy office equipment from Joe Blow office equipment company and he wants […]
June 22, 2017
Our Professional Answer: Chapter 13 is a very powerful chapter in bankruptcy code. When you file Chapter 13, you keep all of your assets. That’s a 100% of your assets. You propose the payment plan over […]
June 22, 2017
Our Professional Answer: Every person who files bankruptcy has certain assets that are exempt. That might be your homestead exemption, your personal property, and clothing or a wildcard exemption that allows you to apply a dollar […]
June 22, 2017
Our Professional Answer: In a bankruptcy, you have exemptions. Exemptions are stuff that you get to keep that are not part of the bankruptcy and can’t be sold, that could be your car, your home, your […]