Bankruptcy Articles
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The Bankruptcy Estate
When you file a bankruptcy case in Wilmington, an estate is created to be administered by the bankruptcy trustee. The trustee represents your bankruptcy estate as a separate entity. For Chapter 7 cases, the trustee has an interest in your bankruptcy estate not just because [...]
What Chapter 13 Plans May Do
In addition to the required Chapter 13 plan provisions, the law also lays out the things that Chapter 13 plans may provide for:A plan may classify unsecured claims, as long as the plan treats each claim within a particular class the same. 11 U.S.C.A. Section [...]
Chapter 13 Plan Requirements
Chapter 13 Plan Requirements – What a Chapter 13 Plan Must Do Many things can be done within a Chapter 13 plan in an effort to reorganize and even discharge debts. However, there are certain things that a Chapter 13 plan must do. Chapter 13 [...]
Chapter 13 Bankruptcy – 10 Steps
There are 10 basic steps involved in a Chapter 13 case. After collecting the appropriate information, your Wilmington bankruptcy attorney will determine if Chapter 13 is appropriate. 1st Step – Paperwork You must complete the paperwork to get your case started the right way. The [...]
Chapter 7 Bankruptcy in Wilmington NC – 7 Steps
1st Step – Paperwork If you are looking at filing Chapter 7 in Wilmington NC, you must complete the paperwork to get your case started the right way. The paperwork is needed so that your attorney can determine if a Chapter 7 is [...]
Bankruptcy Law Is Needs Based
Thru the years since 1800, the bankruptcy laws have changed. Today, the stated purposes of the bankruptcy laws is to give the debtor a new beginning in life by discharging debts. One of the most radical changes in the Bankruptcy laws occurred in 2005. This [...]
