The Pennsylvania Statute of Limitations on debt is a powerful tool for dealing with unfair collection practices. Unfortunately, debtors too often make costly mistakes in applying the Statute. In my Philadelphia area bankruptcy and debt settlement practice, it is not unusual for people . . . → Read More: The Pennsylvania Statute of Limitations on Debt: Three Costly Mistakes
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Comments are closed Very little in bankruptcy causes more confusion and anxiety than the Chapter 7 means test. Many people assume that the means test will automatically force them into a Chapter 13 payment plan or prevent them from filing for bankruptcy at all. Although these assumptions are not true in most cases, the confusion is understandable. The . . . → Read More: The Bankruptcy Means Test: An Attorney’s Explanation Comments are closed |
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Debt collectors do not want you to know this, but sometimes a debt is just too old to collect. All states have “Statutes of Limitation” that prevent a creditor from enforcing a debt, if the creditor does not file suit within a 
After you file for Chapter 7 or Chapter 13 bankruptcy, you will have a few weeks before the meeting of creditors (341 hearing). Although it is not at all like cramming for a school exam, there are some things that you 
The bankruptcy trustee’s primary job at a Chapter 7 or Chapter 13 meeting of creditors (341 meeting) is to ask questions and confirm that you have provided complete and accurate information in your petition and schedules. In my experience as a Philadelphia area 
One of the most commonly asked questions asked about bankruptcy is “Will I have to go to court?” In most bankruptcy cases, the answer is no. However, you will have to attend a hearing conducted by the bankruptcy trustee called 
A bankruptcy trustee is assigned to every Chapter 7 and Chapter 13 bankruptcy case soon after filing. Although the trustee in bankruptcy is not a judge, he or she has tremendous influence over a debtor’s case. Yet, few people know what this person does. So just 
You might be surprised to hear a consumer bankruptcy lawyer say something positive about the Chapter 7 means test. After all, the test is an unnecessarily complicated scheme that pushes some middle-income people who need to file under 
When veterans and members of our National Guard, Reserves, and active duty military experience financial trouble, it is often made worse by the rigors of life in the service. It is an ugly reality that many creditors simply cannot be 
In most bankruptcy cases, the debtors have enough exemptions to allow them to keep all funds remaining in their bank or credit union accounts. Nonetheless, under some circumstances a bank or credit union can freeze money in a checking