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Tag Archives: Chapter 7
What Is A Chapter 20 Bankruptcy?
What is a Chapter 20 bankruptcy? The fact is there is no Chapter 20 of the Bankruptcy Code. Chapter 20 is an expression used by attorneys to describe a situation where a Chapter 7 bankruptcy is filed for a debtor … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 13, Chapter 20, Chapter 7, debt, Kevin Gipson, new orleans bankruptcy attorney, Plan
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They Went Broke Too! “Real Housewives of New Jersey” star Teresa Giudice.
“Real Housewives of New Jersey” reality TV starTeresa Giudice and her husband have filed for Chapter 7 bankruptcy. The Chapter 7 bankruptcy has been filed in the United States Bankruptcy Court for the District of New Jersey. The bankruptcy filing shows that Teresa … Continue reading
They Went Broke Too! Former Boston Celtics and Miami Heat Forward Antoine Walker.
Former National Basketball Association star Antoine Walker has filed for Chapter 7 protection in the U.S. Bankruptcy Court in Miami. Walker’s filing indicates he has $12.7 million in debt and $4.3 million in assets. Walker’s schedules indicate monthly living expenses for his family … Continue reading
Posted in Bankruptcy
Tagged Antoine Walker, Bankruptcy, Chapter 7, National Basketball Association, ne orleans bankruptcy lawyer; Kevin Gipson, new orleans bankruptcy attorney
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They Went Broke Too! Former Detroit Lions Defensive Lineman Luther Elliss
Citing failed business ventures and poor real estate investments, former Detroit Lions defensive lineman Luther Elliss has file for bankruptcy protection. Mortgage debt and tax bills are the former Detroit Lion’s primary liabilities. Elliss filed for Chapter 7 bankruptcy protection listing … Continue reading
Posted in Uncategorized
Tagged Bankruptcy, Chapter 7, Detriot Lions, Detroit Lions, Kevin Gipson, Luther Elliss, new orleans bankruptcy attorney, new orleans bankruptcy lawyer
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Myth No. 9: If You Own A Home You Must Give Up Your Home If You File For Bankruptcy.
If you already own a home you must give up your home if you file for Bankruptcy. To the contrary both Chapter 7 and Chapter 13 can be used to keep your home. Your home mortgage is a secured debt. … Continue reading
Posted in Bankruptcy
Tagged arrearage, arrears, Chapter 13, Chapter 7, debt, Kevin Gipson, mortgage, new orleans bankruptcy attorney, Plan
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Myth No. 8: You Can Never Own A Home If You Have Filed For Bankruptcy
You can never own a home if you have filed for Bankruptcy. False. To the contrary, assuming that you otherwise qualify, (Have a down payment, closing costs, a job, etc.) it is likely that you would be able to purchase a … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 13, Chapter 13 Plan, Chapter 7, mortgage, new orleans bankruptcy attorney, new orleans bankruptcy lawyer
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Myth No. 7: If you file for Bankruptcy, you will never be able to get any new credit for anything.
You can get credit after you file for bankruptcy. It takes time to re-establish credit, but you can if you want to get credit. I say ” if you want to get credit” because it is a very tempting to start … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 13, Chapter 7, credit, Kevin Gipson, new orleans bankruptcy attorney, New Orleans Bankrutpcy Lawyer
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Bankruptcy Myth No. 6: You can no longer stop a foreclosure by filing for Bankruptcy.
The bankruptcy myth that you can no longer stop a foreclosure proceeding by filing for bankruptcy is simply no true! Both a Chapter 7 bankruptcy and a Chapter 13 bankruptcy will stop a foreclosure, but with different long term results. … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 13, Chapter 7, creditor, foreclosure, lift stay, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, Plan, stay
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They Went Broke Too! William Jefferson
Recently convicted U.S. Representative William “Bill” Jefferson, has filed for Chapter 7 bankruptcy protection along with his wife. The bankruptcy was filed on August 27, 2009 in the Bankruptcy Court for the Eastern District of Louisiana, which is the bankruptcy … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 7, Eastern District of Louisiana, F. Edward Hebert Federal Building, Meeting of Creditors, New Orleans, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, Representative William "Bill" Jefferson
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Myth No. 3: Credit Card Debts Can No Longer Be Discharged In A Bankruptcy.
One of the misconceptions some clients have is that credit card debts can no longer be discharged in a Bankruptcy. This myth comes from changes in the Bankruptcy Code from when the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Bankruptcy Abuse Prevention and Consumer Protection Act, BAPCPA, Chapter 13, Chapter 7, credit card, debt
Comments Off on Myth No. 3: Credit Card Debts Can No Longer Be Discharged In A Bankruptcy.