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 […]

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 […]

Our Professional Answer: All too often, you’re going to be told that bankruptcy is a crime and that it will ruin your life, nothing could be farther than the truth. In every society, bankruptcy is a […]

Our Professional Answer: Bankruptcy will discharge every debt you have a legal obligation to pay. One of the concerns that most people have is that when they discharge a debt in bankruptcy that they’re going to […]

Our Professional Answer: If you’ve declared bankruptcy previously, and you need to file bankruptcy again, there are several limitations. First of all, in a Chapter 7, which is a liquidating chapter, you can only file a […]

Our Professional Answer: If you want to start a business with some other people, two, three, 10 people, you should consult with an attorney about the best form to put that business into. Often, people just […]

Our Professional Answer: When you file bankruptcy, you must list every debt you have a legal obligation to pay, this includes a second mortgage or a home equity loan. When you receive your discharge of bankruptcy, […]