201510.23
0

Do I Qualify for Chapter 13 Bankruptcy

Requirements to File Chapter 13 Bankruptcy To qualify for Chapter 13 you must be an individual person.  A corporation or partnership cannot file Chapter 13 bankruptcy.  You can be an employee, self-employed or operating a sole proprietorship to file a Chapter 13 so long as you meet certain requirements.  Currently, as of October 23, 2015…

201510.22
0

Are My Traffic Tickets Dischargeable in Bankruptcy?

Are Government Fines Dischargeable in Bankruptcy Chapter 7 Bankruptcy Chapter 7 bankruptcy will relive Debtors of most unsecured non priority debts. This includes credit cards, unsecured personal loans, medical bills, and late service fees. One question that comes up many times is whether traffic tickets or government fines are dischargeable because they are not student…

201510.22
0

American Apparel Files for Bankruptcy

American Apparel follows Quicksilver and other teen brands into bankruptcy In August, American Apparel acknowledged that bankruptcy is any option.  In filings with the Securities and Exchange Commission, the Los Angeles Times reported that the Los Angeles based American Apparel is warning that they do not expect to have the money to run the company…

201510.20
0

Can I Pay My Bankruptcy Filing Fee in Installments?

Installment Plan for Bankruptcy Filing Fee When you filing bankruptcy, you have to pay a filing fee of $335 for Chapter 7 or $310 for Chapter 13.  In a Chapter 7 you can request to pay the filing fee in installments. If you cannot afford to pay the full bankruptcy filing fee fee, you may…

201510.19
0

Will the Court Waive My Bankruptcy Filing Fee?

Waiving the Bankruptcy Filing Fee in Orange County and the Central District of California When you file bankruptcy you have to pay a filing fee.  As of October 19, 2015 the Chapter 7 filing fee is $335 and the Chapter 13 filing fee is $310. According to the Central District Bankruptcy Court, “In a chapter…

201510.15
0

Preferential Payments in Bankruptcy

Adversary Proceedings due to Preferential Transfers in Bankruptcy An adversary proceeding is a separate proceeding or lawsuit brought within a bankruptcy case.  It is like have a court case within the bankruptcy case.  Like a civil lawsuit, the adversary proceeding begins with the filing of a formal complaint and formal service of process (service of the documents)…

201510.15
0

Fraudulent Transfers in Bankruptcy

Adversary Proceedings due to Fraudulent Transfers in Bankruptcy An adversary proceeding is a lawsuit brought in connection with a bankruptcy case. It is essentially an entire civil lawsuit tried under the bankruptcy court. Like a civil lawsuit, it begins with the filing of a formal complaint and formal service of process (service of the documents)…

201510.14
0

Your Best Efforts Is Required in a Chapter 13 Bankruptcy

How is my monthly Chapter 13 Plan Payment? Your monthly plan payment is will be calculated by determining what your creditors would receive if you use your “best efforts” to paying them back.  This means that the court will look at the amount of assets or equity you have, your actual budget and/or your income…

201510.14
0

CA Bankruptcy Exemptions

California Bankruptcy Exemptions In California, there are two sets of exemptions for you to choose from. They are listed in the California Code of Civil Procedure, Sections 703 and 704. Each set offers its own advantages. However, you cannot use both sets; you must choose one set or the other. You must carefully examine your…