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Bankruptcy Blog

Filing Chapter 13 in January May Greatly Shorten Your Case

Filing Chapter 13 in January May Greatly Shorten Your Case

Do you need a Chapter 13 case? WHEN you file it can mean the difference between a payment plan that takes 3 years and one that takes 5...
Scenario: Filing Chapter 13 Now Shortens a Case by Two Years

Scenario: Filing Chapter 13 Now Shortens a Case by Two Years

Here's a scenario showing how the timing of your Chapter 13 filing can shorten your payment plan from 5 years to only 3...
An Example of a “Preference”

An Example of a “Preference”

A "preference" makes more sense when you see an example. Here's one. This also helps explain how to avoid creating one...
If you pay on or pay off certain debts it may create a preferential payment

If you pay on or pay off certain debts it may create a preferential payment

Do you feel like you should pay on or pay off a certain debt now, even though you're behind on all your debts? It may be dangerous to do so...
Fraudulent Transfers Around the Holidays

Fraudulent Transfers Around the Holidays

Giving a gift, including selling for much less than an asset is worth, may be a fraudulent transfer--treated as hiding assets from creditors...
An Example Why Passing the Means Test May Be Easier in 2018

An Example Why Passing the Means Test May Be Easier in 2018

Filing bankruptcy before the end of December may help you qualify for Chapter 7 bankruptcy. Here's an example showing how this could work...
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