What is “Median Family Income,” and If You’re Making More Than That Can You Still File a Chapter 7 Case?
If your family income is more than the “median family income,” you may still be able to file under Chapter 7.
The U. S. Trustee–The Behind-the-Scenes Bankruptcy Administrator and Hope-You-Never-Meet Enforcer
I know who my bankruptcy trustee is, but now who is the ”U. S. Trustee”? You’re about to file a Chapter 7 or Chapter 13 case. You know in a Chapter 7 that your bankruptcy trustee is the person who looks over your paperwork and talks with you for a few minutes, mostly to decide […]
Who Is the “Bankruptcy Trustee” and How Can He or She Help or Hurt Me?
The three kinds of trustees in consumer bankruptcy have tremendous power over you. So it’s important to know what they do, and how to stay in their good graces. I’ll introduce them in this blog—the Chapter 7 trustee, the Chapter 13 trustee, and the United States Trustee. Then in upcoming blogs I’ll tell you more […]
What Stops a Creditor from Chasing You After Its Debt Has Been Written Off in Bankruptcy?
Even though it’s illegal for creditors to try to collect on a debt that’s been discharged (legally written off) in bankruptcy, once in a while they do try. What makes chasing a discharged debt illegal? And what penalties can get awarded to you if a creditor breaks the law? In my last blog I […]
Audit Shows Capital One Bank Illegally Filed $24.7 Million in Claims for Debts Previously Discharged in Bankruptcy
One can understand if a major U.S. credit card company forgets that one of its customers had earlier written off their debt in bankruptcy. But forgetting this very important fact for 15,500 of its customers?!? It is bad enough that Capital One lost track that its old debts had been legally written off (“discharged”). […]