Category Archives: Bankruptcy

Myth No. 1: You Can No Longer File For Bankruptcy.

Since the bankruptcy laws were changed in October of 2005 I have had several clients that were told they could no longer file for Bankruptcy. This is simply untrue, but with almost four years since the changes in the bankruptcy … Continue reading

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Myths About Bankruptcy!

I am often surprised by some of the misconceptions that people have about bankruptcy. Below are some of the more common bankrutpcy myths that I have heard: You can no longer file for Bankruptcy. You can only file for Bankruptcy … Continue reading

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Senators Landrieu And Vitter Vote To Reject Mortgage Cram Down Bill!

Louisiana Senator Mary Landrieu and Senator David Vitter both voted today to reject the Helping Families Save Their Homes Act of 2009. This bill would have permitted bankruptcy judges to modify home mortgages to allow families to keep their homes. … Continue reading

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Can I Keep My Car If I File For Bankruptcy?

Will you be able to keep your car if you file for bankruptcy in Louisiana?  In most cases, the answer is yes! First, in any bankruptcy proceeding, the debtor can keep the items of property that he owns that are … Continue reading

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What Is A Chapter 13 Bankruptcy?

A Chapter 13 Bankruptcy is generally used by a debtor who is behind on payment of a secured debt such as a mortgage or a car note.  The debtor using a Chapter 7 bankruptcy creates a payment plan to catch up on … Continue reading

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What Is A Chapter 7 Bankruptcy?

A Chapter 7 Bankruptcy allows a debtor to get rid of most of their debts. A Chapter 7 bankruptcy is also sometimes referred to as a “Fresh Start” bankruptcy since the debtor receives a discharge of his unsecured debts such … Continue reading

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