One week before the 341 meeting takes place (often one month after filing), the Bankruptcy Trustee requires you to submit your previous year’s bank statements. If, however, you hold extra cash not reflected in the statement balance, for instance, in a mattress, then you should report this to the Attorney or the Trustee.
A bankruptcy attorney [...]
Boston Bankruptcy Attorney Answers Chapter 7 & 13 Bankruptcy Questions
Tag Archive: Chapter 13
What if I don’t tell my attorney about extra cash I’m hiding?
How do I pay a bankruptcy attorney and fees when I’m already broke?
If a potential filer has no funds to pay an attorney, he may consider the following options:
• Borrow from friends or family
• Use tax refund
• Borrow from their retirement plan but only in a foreclosure case where there’s urgency to do so
• Go on payment plans if provided by the attorney
More paperwork is now required to be filed electronically [...]
What is bankruptcy?
Bankruptcy is a legal remedy for people who cannot pay their expenses. It relieves one from debt obligations provided that there is no fraud involved.
Some common causes to filing are: unemployment, illness, marital separation and disability.
There are several common types of bankruptcies individuals may file under the Federal Bankruptcy Laws. You can typically file either [...]
Divorce Settlement and Bankruptcy
If your ex-spouse files for bankruptcy after the divorce, can you lose the divorce settlement money owed to you?
No. Marital settlement debts cannot be discharged in a Chapter 7 bankruptcy, so that money will still be owed to you. However, non-support marital debts can be discharged in a Chapter 13. If the divorce agreement or [...]
