November 9, 2017
October 26, 2017
Although I can always be reached by my clients, sometimes extra comfort can come from pets.
We are a dog friendly office.
As you can see in this picture, one of my clients is very close to his dog and his friend comes everywhere with him.
So, he came to the office to make his owner feel more comfortable. As you can see, the dog was listening carefully but got board toward the end. He was right on top of the situation on my conference room table.
Pets are wonderful – Remember my office is dog friendly.
October 15, 2017
- Debtor committed and was head strong to go it alone and not utilize an attorney for file his Chapter 13 Plan.
- Filed for relief in September of 2014.
- Trustee objected to the Debtor’s 8th amended Plan.
- Debtor’s Plan was a zero payment; with gross income of $117,269.00.
October 5, 2017
- The Bankruptcy Law requires all Chapter 7 and Chapter 13 Debtors to take 2 counseling courses before your debts can be discharged: (either on-line or over the phone).
- Pre-filing counseling must be taken before your petition is filed; .
- Post-filing education must be taken before you obtain your discharge.
September 25, 2017
Debtor Filed a Chapter 13 petition and listed parking fines in the bankruptcy petition.
Parking Authority impounded the Debtor’s car for unpaid parking fines.
Parking Authority impounded the debtor’s car a second time.
September 10, 2017
Retirement accounts are exempt when you file bankruptcy.
You are able to keep your retirement accounts and protect your future.
Debtor filed for Chapter 7 Bankruptcy
Debtor withdrew $130,000.00 from his IRA (did not rollover the funds into another Retirement Account) after petition was filed but before case was closed.
Trustee filed an action to recover the withdrawn funds.
September 8, 2017
- Couple/Debtors filed for Chapter 7 Bankruptcy.
- Debtors state their home was worth $108,000; they owed $91,581.
- Trustee argued that he wanted to sell the home and evict the homeowners.
- Trustee presented appraisal; and a realtor who said the property was worth $204,000 and felt the damages and the need for repairs were overstated.
- Debtors presented appraisal: $185,000 after making repairs costing $60,000.00: $171,000 after repairs of $63,000 were made
August 29, 2017
Who Receives the Money Held By The Trustee When a Case is Dismissed?
Unfortunately, some Chapter 13 Bankruptcy cases are dismissed after they are confirmed/approved. This could be for various reasons, e.g. Debtor did not pay the Trustee Fees.
The Trustee holds moneys he/she receives to pay creditors in a separate account earmarked for Creditor payments throughout the case as well as Trustee fees and Administrative Claims. When a case is dismissed and there are moneys left in the Trustee’s account for this case, the Debtor must be refunded this money.
The Trustee cannot disburse the remaining funds to anyone but the debtor.
August 17, 2017
- Husband and Wife had a joint account with a limited credit line.
- Bank made error and increased the allowable credit limit to $100,000.
- Wife took full advantage of the situation and began to go on a spending spree; charging in excess of $80,000.
- Husband had no knowledge of the situation at the time.
- Wife handled all the finances.
- When the bank demanded this money be paid back through a payment plan, wife informed husband of the situation.
- Couple filed for bankruptcy.
- Bank filed an adversary proceeding.