Category: Chapter 7 Bankruptcy
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The Bankruptcy Trustee in Sacramento Can Help or Hurt Your Case
The Bankruptcy Trustee plays a vital role in all Chapter 7 Bankruptcy cases in Sacramento. Not be confused with the United States Trustee, the Bankruptcy Trustee is a third party appointed by the Bankruptcy Court in each Chapter 7 case. At the start of each Chapter 7 Bankruptcy case, the Court randomly assigns a trustee…
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Chapter 7 Means Test Income Look-Back
Eligibility for Chapter 7 Bankruptcy in Sacramento is governed by two main tests. The Means Test and the Totality of the Circumstances Test. The Chapter 7 Means Test is often understood. But it is a critical component to every Chapter 7 Bankruptcy case. The Chapter 7 Means Test was imposed by Congress in it’s 2005…
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Chapter 7 Bankruptcy Filing Numbers in November
As a Bankruptcy Lawyer, I am always interested in watching the number of Chapter 7 Bankruptcy cases filed in the local court. The final tally is in for November 2013. There were 959 Chapter 7 Bankruptcy filings in Sacramento last month. Note: the count above is just for the Sacramento division of the Eastern District…
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How to Handle Bitcoins in Bankruptcy
Have you heard of Bitcoins? A Bitcoin is an online currency that is not backed by any government. Bitcoins have been receiving a lot of media attention recently, including extensive coverage in the New York Times. As a Bankruptcy Attorney in Sacramento, I have been following this trend closely. I have also been considering how…
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Are medical debts considered “Consumer Debts” in Bankruptcy?
My blog today is a bit more in-depth than usual. The purpose of the blog is to consider whether medical debts count as “consumer debts” for purposes of a 707(b) dismissal. As best as I can tell, the answer is not entirely clear. The Bankruptcy Code defines “consumer debt” in 11 U.S.C. 101(8) as “debt…
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Chapter 7 Bankruptcy Filing Fee in Sacramento
For obvious reasons, the cost of bankruptcy is always an important consideration for anyone in need of bankruptcy relief. One large component of the cost of bankruptcy is the Chapter 7 filing fee. The United States Bankruptcy Court charges a filing fee to initiate a bankruptcy case. A filing fee is standard procedure in non-bankruptcy…
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Top 3 Reasons to File Bankruptcy
A special video blog! Click through to watch my first video blog that tells you all about the top three reasons folks file Bankruptcy in Sacramento. You can watch my video by clicking this link to YouTube. If you have any questions after watching the video, please call my office at (916) 333-2222 for a free…
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Don’t Make This Mistake Before Chapter 7 Bankruptcy
As a Chapter 7 Bankruptcy Lawyer in Sacramento, I help many people file for bankruptcy relief. From time to time, I see my clients make a simple mistake in the weeks leading up to a bankruptcy filing that is easy to prevent. Don’t make any large luxury purchases or take any cash advances in the 90…
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You Must Do This One Thing Before Filing Bankruptcy
There are a number of steps involved in filing for bankruptcy. As a Sacramento Bankruptcy Attorney, I help my clients through this process. When a client first meets with me, I always get asked how long it will take to get the bankruptcy case ready to file. In most cases, your case can be ready…
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Top 5 Tips to Read Before Your Bankruptcy Meeting of Creditors
A debtor in a typical Chapter 7 bankruptcy will only have one bankruptcy hearing before his or her bankruptcy discharge. This is known as the “meeting of creditors,” sometimes called a “341 hearing.” The meeting of creditors is an opportunity for the Bankruptcy Trustee and your creditors to question you under oath about your bankruptcy…