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There are many things you can do to help your Bankruptcy attorney assist you in achieving a successful case. First and foremost, answer all of your attorney’s questions honestly. If you are not forthright with your attorney they cannot help you make the best decisions to obtain future financial freedom.

When most people think of bankruptcy, negative thoughts often come to mind.

The Fair Debt Collection Practices Act is a federal law which proscribes and restricts a number of actions that debt collectors, collection agencies and lawyers can take if they are pursuing you on a debt. Debt collectors, collection agencies and lawyers are not allowed to harass you or abuse you in trying to collect a debt.

A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged.

Do I owe enough to file for bankruptcy is a question that I and my colleagues hear quite often. My initial response is the amount of debt you owe is relative to your financial situation. Many people feel overwhelmed by debt but are concerned that they don’t owe enough to consider bankruptcy as an option.

Chapter 7 bankruptcy, often referred to as “straight bankruptcy”, is a proceeding through which an honest debtor can discharge most if not all of her debt.  Although technically the bankruptcy code allows a trustee to liquidate (sell) some of the debtor’s assets and divide the proceeds amongst his creditors, in reality this very seldom happens.

Child support, and domestic support obligations in general, are non-dischargeable. However, that does not mean that there is no relief to be had if you are experiencing financial difficulty. Child support obligations can be made easier to manage through a chapter 13 personal reorganization.

Dealing with a Revoked Security Clearance

If someone has an issue in regard to his or her security clearance, either initially applying for one or having a problem with one that the government is attempting to suspend or revoke, they are often unsure where to turn to find out what exactly the issues are with their security clearance. Department of Defense (DOD) Directive 5220.6 deals with all matters regarding the Defense Industrial Personnel Security Clearance Review Program.

A meeting of creditors is a mandatory hearing that is held approximately 30 days after the filing of any consumer bankruptcy case. It is commonly referred to at the §341 meeting of creditors as this is the code section found in Title 11 of the United States Code (Bankruptcy Code) that mandates or requires this hearing be held. It is normally presided over by the United States Trustee or a representative of the Trustee. The Court i.e.

Take an honest look at your current situation. Write down all of your living expenses such as rent, food, clothing, medicine, insurance premiums, utility bills, vehicle related expenses (such as maintenance and gas), recreation, and all of your other ongoing monthly living expenses. Then, write down all of your monthly debt payments each month such as your mortgage payments, car notes, credit card bills, and other installment payments on your debt. With your current income, are you able to timely pay your living expenses and debts each month?