Schedule A (also known as Official Form 6A) requires your bankruptcy attorney to list all of the real property in which you have an interest. You must list a description and location of property; the nature of your interest; whether the interest is yours, your spouse’s, or joint; the value of your interest, without deducting…Read more
Does Bankruptcy Counseling Help Debtors Get a Fresh Start?
When the Bankruptcy Code was revamped in 2005, one of the biggest changes was the requirement that debtors take credit counseling and financial management classes in order to get a bankruptcy discharge. Researchers at the University of Illinois sought to learn whether or not the classes were having any effect on the financial recovery of…Read more
Can a Creditor Force Me to Sign a Reaffirmation Agreement in Bankruptcy?
In Chapter 7 bankruptcy, if you owe money on any debts that are secured by personal property, such as a car or furniture, you must file a statement of intention as to what you plan to do with that personal property. You have three choices: surrender the property, redeem the property (pay the debt off…Read more
How Can I Find a Cheap Bankruptcy Attorney in Colorado?
It’s not surprising that if you’re thinking about filing bankruptcy, you are also struggling with finding a bankruptcy attorney you can afford. Lots of people are looking for the cheapest bankruptcy attorney they can find. It isn’t hard to find lawyers who offer to do your bankruptcy for $499. Just take a look on craigslist.org…Read more
What is the Statement of Financial Affairs in My Bankruptcy Petition?
The Statement of Financial Affairs is included in every Chapter 7 and Chapter 13 bankruptcy petition. It is also known as Official Form 7. The form requires your attorney to list a variety of information, including your income for the last three years, payments to creditors for the past 90 days which exceed $600.00, any…Read more
What is Schedule J in My Bankruptcy Petition?
Schedule J Of Your Bankruptcy Petition Schedule J (Official For 6J) is the Current Expenditures of Individual Debtor(s) form. Schedule J is a form that is used in bankruptcy cases to report the debtor’s monthly living expenses. Debtors file it as part of their bankruptcy petition. The bankruptcy court uses it to determine the debtor’s…Read more
Where Can I Find a Free Bankruptcy Clinic in Colorado?
Each month volunteer attorneys from the Denver Bar Association conduct a free clinic for people who are considering bankruptcy. They are held in downtown Denver at the U.S. Custom House Building, where the bankruptcy court is. These clinics are presented by trustees and consumer bankruptcy attorneys, and address issues such as credit implications, what to…Read more
Don’t Let Financial Infidelity Lead You to Bankruptcy
When I sit down with a potential client during a bankruptcy consultation, I ask them to tell me about their debts. I am always a little amazed when I talk to couples and watch as one or the other learn about debts they never knew of. Turns out things are worse than they thought. Apparently,…Read more
What is Schedule I in My Bankruptcy Petition?
When your attorney prepares your bankruptcy petition, she will have to complete Schedule I. Schedule I is where your current income is listed, and includes income from all sources, including employment, spousal support, social security, and others. It also includes the deductions that are taken for such things as payroll taxes, union dues, insurance, and…Read more
What Is A Rule 2004 Examination In Bankruptcy?
Under Rule 2004 of the Bankruptcy Rules of Procedure, any party in interest in a bankruptcy proceeding may examine another party. The scope of the examination is limited to issues related to the bankruptcy and does not give a party free reign to ask questions about anything. Rule 2004(b) states: The examination of an entity…Read more
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