gmcnutt's blog

A Proof of Claim is the method a Creditor uses to get paid in a Bankruptcy.  Chapter 7 and Chapter 13 are the 2 main types of Bankruptcy for individuals or consumers.

I get asked the question, “What if I die before my case is completed?”  You might be thinking to yourself why would it matter at all what happens as it won’t affect the deceased person.

When you file for bankruptcy, the court appoints a neutral Bankruptcy Trustee to administer your case and review the information contained in your bankruptcy petition.

If a creditor successfully sues you in court and gets a judgment against you, they will then likely look for your assets and property to satisfy that judgment.

What happens when you personally file for bankruptcy and have bank accounts or other assets in your children’s names?

I get asked by clients all the time why they are now being sued for a debt they guaranteed or co-signed with another individual, usually a relative or close friend.  They will say “I am just the co-signor.  It is their debt.”, or “They are the primary, I am just the sec

The current bankruptcy filing fee to file a Chapter 7 bankruptcy case is $335.00.

So you just withdrew $100 from your bank account, and by the end of the day you have $12 left, but you have nothing to show for it.  Where did you spend your $88?

When you file Bankruptcy, you stop all collection activity against you, which includes any lawsuits or garnishment filed by creditors in an attempt to recover funds from you.

In very recent years, Federal laws have been enacted to provide enhanced protection for certain exempt funds from Garnishment of your bank account.  It had become commonplace for banks, upon receiving a garnishment order from a judgment creditor (person or entity you owe), to freeze the account of the judgment debtor (you) without regard to whether the account contained exempt fe