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Debtors in bankruptcy have a duty of disclosure that includes the requirement to disclose all their assets, debts, and income. Though many debtors might be tempted to omit…
Types of Debt in a Bankruptcy Case
Secured? Unsecured? Priority? There are many nuances in bankruptcy and many terms that have a unique legal meaning in bankruptcy law. Depending on which chapter filed, each type…
Can I Discharge my Student Loans in Bankruptcy?
It is almost impossible to graduate from college without student loan debt. According to one report, about 70 percent of 2013 graduates had about $30,000 of debt. While…
Pre-Filing Credit Counseling Requirement
There are a number of steps to take before filing for bankruptcy. One of these required steps is completing a pre-filing credit counseling briefing. The main purpose of…
What is the Meeting of Creditors?
If you have been researching the process of filing for bankruptcy, you may have read about a required “meeting of creditors” or “341 meeting.” These terms refer to…
Common Bankruptcy Terms
If you are considering filing for bankruptcy, there may be many legal terms with which you are unfamiliar. The glossary below is intended to provide some background on…
