By Doing Nothing, Does a Creditor Violate the Automatic Stay in Bankruptcy?

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Under Section 362 of the U.S. Bankruptcy Code, an automatic stay prevents creditors from collecting debts from a debtor. An automatic stay halts all actions, including repossessions, foreclosures, and phone calls, and is enforced by the bankruptcy court. Once collection actions are halted by the court, whether a creditor does nothing and still violates the […]

Supreme Court Clarifies Finality in Bankruptcy Proceedings

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The issue of finality has been open to interpretation in bankruptcy cases. This means that what constitutes a final order in the context of a bankruptcy can be seen in different ways. This is important in knowing whether you can appeal a court ruling. The Supreme Court of the United States recently made an important […]

How to Prepare for Chapter 7 Bankruptcy Meeting of Creditors

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With most bankruptcy proceedings, it is an inevitability that you’ll have to meet with an attorney, a bankruptcy trustee and possibly creditors at some point in the process. When either individuals or businesses file for Chapter 7 bankruptcy the court will schedule a Creditors Meeting. Otherwise known as a 341 hearing, a Creditors Meeting is […]

What Does the HAVEN Act Mean for Disabled Veterans and Their Families?

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The Honoring American Veterans in Extreme Need Act of 2019, or HAVEN Act, was passed on August 23, 2019. It has important implications for veterans who file for Chapter 7 and Chapter 13 bankruptcy. After all, nearly 15% of those who file for bankruptcy in the U.S. are veterans (who account for just 10% of […]

Can You Keep Your Car During a Bankruptcy?

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If you’re facing large amounts of debt, resolving your situation is a top priority. Keeping your car is probably at the top of the list as well, since you’ll still need to get to work, the grocery store, and to school to pick your kids up. Whether you can keep your car depends on several […]

The Benefits of Chapter 7 Bankruptcy

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Filing for Chapter 7 bankruptcy can help free you of large amounts of debt. It can be extremely beneficial if done right and with the help of a Los Angeles bankruptcy attorney. Unlike Chapter 13 bankruptcy, it does not require a court-approved repayment plan. So, if you are dealing with high credit card debt or […]

The Benefits of Chapter 11 Bankruptcy

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Chapter 11 bankruptcy can help you get out of debt and stay in business. Opening a business comes with many risks. Taking on debt can help grow your company, but financial troubles may arise for many reasons, even economic factors outside your control. If you choose to continue doing business and want to more affordably […]

How Do I Know I Can File for Bankruptcy?

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Bankruptcy is a financial option available to anyone. If you’ve tried to pay your bills, but still have too much debt, it can help improve your situation over time. You might consider speaking with a Los Angeles bankruptcy attorney for several reasons. Perhaps you’ve lost your job, are getting a divorce, or have high medical […]