When a bankruptcy is filed, an automatic stay goes into effect pursuant to 11 U.S.C. Section 362. The automatic stay is an injunction that prevents all actions by creditors including continuing lawsuits, garnishing wages and demanding payment. The automatic stay begins the moment a bankruptcy is filed. The automatic stay will generally end when debts…
Please read our disclaimer Debt collection lawsuits can be some of the worst lawsuits to defend. Attorneys representing debt collection firms are often over-worked and unable to give much attention to any single case. One of the most common problems I see in debt collection lawsuits is improper service of process. That is, the attorney…
Just because you know you have financial problems does not mean you know the solution. Waiting to explore your debt solutions options can be a big mistake and can cost you thousands of dollars. Whether the ultimate solution is debt settlement, bankruptcy or something else, knowing the direction you are heading will allow you to…
The average Chapter 7 is an uncomplicated process and takes approximately five to six months. A Chapter 7 Bankruptcy is a liquidation process conducted by a bankruptcy Trustee. Bankruptcy law affords certain exemptions which can be used to protect personal assets and real estate. Any non-exempt assets can be liquidated in order to raise money…