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Blog

What Is The Role Of A Chapter 7 Trustee?

Posted on February 17th, 2015 by Joe Pioletti

Are you trying to pay bills that you do not have the income to pay? If so, you are not alone. Many people struggle to pay bills as they try to cover their living expenses and support their families. Unfortunately for some, they will not be able to resolve their debt problems without some assistance. […]

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Student Loan Discharge: Can Student Loans Be Discharged Through Bankruptcy?

Posted on February 10th, 2015 by Don Pioletti

Are you struggling to pay your student loan payment each month? Are you facing graduate heavily burdened with student loans? If so, you are not alone. The college graduating class of 2014 is the most indebted college class in history. The average student graduated with $33,000 in student loan debt. Unfortunately, this disturbing statistic is […]

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Remove A Second Mortgage In Bankruptcy

Posted on February 5th, 2015 by Joe Pioletti

As a way to handle debt, many homeowner’s take out a second mortgage or an equity line to consolidate debt. Some people need to use the equity in their home to pay for emergency home repairs, medical bills or other expenses that they were not expecting. Regardless of the reason, using the equity in your […]

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Will I Lose Property If I File Chapter 7?

Posted on January 29th, 2015 by Don Pioletti

One of the most common questions that we received as bankruptcy attorneys is whether a debtor will lose property if he files a Chapter 7 bankruptcy. The myth that you “lose everything” when you file a bankruptcy under Chapter 7 may stem from the fact that a Chapter 7 bankruptcy is also known as a […]

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What Is A Chapter 13 Bankruptcy?

Posted on January 15th, 2015 by Joe Pioletti

Also known as a wage earner’s plan, a Chapter 13 bankruptcy allows individuals and couples with a regular income to reorganize their debts. Chapter 13 debtors propose a plan to repay all or a portion of their debts through monthly payments to a Chapter 13 trustee. The maximum length of a Chapter 13 plan is […]

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Do I Have To List All Creditors? I Want To Pay Some Of Them Back?

Posted on December 26th, 2014 by Joe Pioletti

When you file a bankruptcy case, you must list all creditors in your bankruptcy forms. If you fail to list a creditor, that debt will not be eligible for a discharge. Because a bankruptcy discharge is the ultimate goal of filing for bankruptcy relief, it is important that you list each creditor so that the […]

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Bankruptcy and Credit Ratings: Will Bankruptcy Effect My Credit Rating?

Posted on December 11th, 2014 by Joe Pioletti

One of the questions that we receive most often concerns bankruptcy and credit ratings. Clients are often concerned how bankruptcy will affect their credit score. While there is some truth to the statement that bankruptcy and credit ratings are connected, it is often not in the way that most people assume. Most people assume that […]

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What Is The Difference Between Chapter 7 And Chapter 13?

Posted on November 25th, 2014 by Joe Pioletti

Dealing with a financial crisis is stressful and frustrating. By the time people come to our office to discuss Chapter 7 and Chapter 13 bankruptcy options, they have typically tried everything they can think of to pay their bills from getting part-time jobs to selling their property and dipping into their retirement accounts. We encourage […]

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What Is A Chapter 7 Bankruptcy?

Posted on November 18th, 2014 by Joe Pioletti

Chapter 7 Bankruptcy is one type of bankruptcy that individuals, couples and businesses may file under the Bankruptcy Code. If a business files for Chapter 7 bankruptcy relief, the business closes and the assets are liquidated by the Chapter 7 Trustee. Individuals who file under Chapter 7 are often worried about losing assets because Chapter […]

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Mandatory Credit Counseling and Debt Education

Posted on November 11th, 2014 by Joe Pioletti

When Congress passed The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), there were many changes to the Bankruptcy Code. One of the controversial changes was the requirement that debtors must complete mandatory credit counseling and debt education courses in order to file bankruptcy and obtain a bankruptcy discharge. These courses are an […]

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