bankruptcy information

ICYMI: Bankruptcy Filings Take Sharp Drop

2023-01-24T22:54:22+00:00August 24th, 2022|

ICYMI: Bankruptcy Filings Take Sharp Drop On August 1, 2022 the US Courts published the following information regarding bankruptcy filings: Personal and business bankruptcy filings took a sharp drop in the twelve-month period ending June 30, 2022, falling 17.7 percent compared with the previous year. According to statistics released by the Administrative Office of the [...]

What about the Bankruptcy Trustee?

2021-08-25T18:53:34+00:00September 15th, 2021|

Who is a Bankruptcy Trustee? A bankruptcy trustee is a person appointed by the United States Trustee, an officer of the Department of Justice, to represent a debtor's estate in a bankruptcy proceeding. Bankruptcy trustees evaluate and make recommendations about various debtor demands in accordance with the U.S. Bankruptcy Code. The U.S. Trustee program oversees [...]

Can I keep my house if I file bankruptcy?

2021-10-29T14:30:21+00:00June 30th, 2021|

If you can keep your property will depend on your exemptions when you file bankruptcy. When you file for bankruptcy any property you own will be classified as exempt property or non-exempt property. Exempt property is safe during the bankruptcy.  Non-exempt property can be sold for the benefit of your creditors. Each state is allowed [...]

Bankruptcy Filing Fees Increase Effective November 1, 2011

2017-07-17T20:57:00+00:00October 21st, 2011|

The Judicial Conference of the United States Bankruptcy Court has announced an increase in bankruptcy filing fees effective November 1, 2011.  The filing fees are paid directly to the court usually in full at the time a debtor’s case is filed.  The filing fee for a chapter 7 bankruptcy case will increase from $299.00 to [...]

Go to Top