Before 2005’s BAPCPA debtors could bring themselves current on their car loan, file bankruptcy, continue payments, and keep their car, both during bankruptcy and after their discharge, so long as they didn’t miss a payment without reaffirming the debt or redeeming the property. But post-BAPCPA, can you file bankruptcy in California and keep your car without signing […]

Filing chapter 7 bankruptcy can be expensive. Most people who turn to chapter 7 bankruptcy for debt relief have little money to spend on attorneys and courses. Nevertheless, most people need to hire a bankruptcy attorney to receive a discharge. This is because filing bankruptcy involves the application of Title 11 of the United States Code (the […]

Concealed Assets? Blaming it on your Bankruptcy Attorney Will Not Work Against the advice of their bankruptcy attorney some clients try to conceal assets in bankruptcy. Despite the clear instruction from their attorney to disclose all assets in bankruptcy, the reminder that concealing assets in bankruptcy may constitute a bankruptcy crime, and the Section 342(b) notice […]

Many clients turn to chapter 7 bankruptcy because they are behind on car payments.  Fortunately, chapter 7 bankruptcy gives clients the power to eliminate car loans and simply walk away from their vehicle. Outside of bankruptcy a lender will eventually repossess your car if you fall behind on payments.  After they repossess your car they will […]

Some clients must pass the means test before they can file chapter 7 bankruptcy.  Clients whose annualized current monthly income exceeds the state median for a household of their size must perform the long version of the test.  To pass the client will supply evidence of certain monthly expenses which can be deducted from their […]