Bankruptcy Archives - Baltimore Bankruptcy Lawyer

Why Filing Bankruptcy May Be The Best Thing You Ever Do

I Received A Discharge But My Bankruptcy Case Is Still Open, How Is That Possible?

https://www.youtube.com/watch?v=GRKuPjEqeOQ I know I got a discharge, and I tried to apply for some financing, and they said I was good to go, but my bankruptcy is still open. How could that be? I got ..

Can I Discharge Scholarship In Bankruptcy After I Drop Out?

https://www.youtube.com/watch?v=grEFuR8lCic I got a scholarship for a college but then I had to drop out and now the college says that I have to repay that scholarship. Can I just charge that debt in Chapter ..

My Car Has Been Repossessed! How Long Will It Take To Get It Back After Filing Bankruptcy?

https://www.youtube.com/watch?v=tVfKAVWDNvs I woke up this morning, and I went out to start my car, and it had been repo'd. Now I'm going to have to file bankruptcy to get it back. How long is that ..

Can Payday Loans Be Discharged In Bankruptcy?

https://www.youtube.com/watch?v=Xs9PyYRaV84 Today I want to answer the question, I have these payday loans and they're killing me. Can I discharge those in bankruptcy? Well, the short answer to that question is yes. Payday loans are ..

How Can Bankruptcy Stop My Eviction?

https://www.youtube.com/watch?v=FKI9GkBeyW0 Today I want to answer the question: I'm about to be evicted from my home. Can I file bankruptcy and stop the eviction? Well the answer to that question depends on where you are ..

Is Bankruptcy Too Good To Be True?

https://www.youtube.com/watch?v=qSN3XEUE190 Today I want to answer the question is bankruptcy too good to be true? Client's have asked me this question after I walked them through the process and they see how the bankruptcy process ..

Should I File My Own Bankruptcy?

https://www.youtube.com/watch?v=2TtMWkVkxgw Today I want to answer the question, you know, I had a really good consult with a bankruptcy lawyer and he didn't charge me, and now I think I know enough to file my ..

Can I File Bankruptcy While Incarcerated?

https://www.youtube.com/watch?v=rvF1T7lw6C8 Today, I want to answer the question if I'm incarcerated or a loved one is incarcerated and they really need to file bankruptcy, can you file bankruptcy if you're in prison or in jail? ..

Getting money that's been garnished from paycheck

Get Back Money That’s Been Garnished From Your Paycheck!

https://www.youtube.com/watch?v=nBdrv8J98Pw Today I want to focus on what happens if you've had wages garnished before the bankruptcy case. The really good news is if your wages have been garnished within the 90 days before you ..

Timing Your Bankruptcy To Discharge Taxes

https://www.youtube.com/watch?v=OgICi3ZZtm0 An important timing plan involves taxes. A lot of people think taxes in bankruptcy are just non dischargeable but that's just not true. If all the three major timing elements are present in your ..

Can i file bankruptcy if i have just made a big transfer?

Can I File Bankruptcy If I’ve Just Made A Big Transfer?

https://www.youtube.com/watch?v=Y2VTxCo_S_o Should I file my bankruptcy case now or should I wait? There are many answers to that question. Right now I want to deal with one, which is let's say you've made a transfer ..

Will My Parents Find Out About My Bankruptcy?

https://www.youtube.com/watch?v=NEecMT8p1N4 "I'm gonna file bankruptcy, are my parents gonna find out?" Well, it depends on whether or not your parents have a financial stake in your bankruptcy. Many people have their parents cosign their auto, ..

Are Traffic Tickets Dischargeable In Bankruptcy?

https://www.youtube.com/watch?v=C6QbKf4d3oU Are traffic tickets dischargeable in bankruptcy? No, they're not dischargeable in bankruptcy because traffic tickets are considered criminal fines owed to a government entity and that is specifically excluded from discharge in all the ..

Can I Amend My Bankruptcy Schedules After I File My Case?

https://www.youtube.com/watch?v=nPnKiAEtH18 "I'm getting ready to file my bankruptcy case but my lawyer tells me I've got to be complete and accurate and I'm a little freaked out that I'm going to forget something. Can I ..

Should I Use A Debit Card Right Before Bankruptcy?

https://www.youtube.com/watch?v=C_orK6QlMRs "Should I use my debit card right before I file bankruptcy to pay for necessary expenses?" The better answer is yes you can do that. Under Federal Electronic Payment laws the payment on a ..

Can I Buy A Car Before I File Bankruptcy?

https://www.youtube.com/watch?v=UMS2FV94ULg "My car is on its last legs, but I need to file bankruptcy, can I buy a car right before I file?" The answer to that question is yes. If you need a car, ..

Bankruptcy trustee unreasonable : What should i do?

The Bankruptcy Trustee Is Being Unreasonable; What Should I Do?

https://www.youtube.com/watch?v=yoSs4I7jo4s "When we went through the numbers, after you deduct cost of sale, there's really no equity in my property, but the trustee wants me to pay because he doesn't want to honor those cost ..

Will my parents find about my bankruptcy?

Will My Parents Find Out About My Bankruptcy?

https://www.youtube.com/watch?v=z9-MxAEvZ8k "I'm gonna file bankruptcy, are my parents gonna find out?" Well, it depends on whether or not your parents have a financial stake in your bankruptcy. Many people have their parents co-sign their auto, ..

Can My Reverse Mortgage Be Foreclosed?

https://www.youtube.com/watch?v=ZbG2IMrFHhE I have a reverse mortgage. Can the lender still foreclose on my home? The answer to that question is yes, but only under limited circumstances. If you don't pay your property taxes and you ..

Should i use debit card right before bankruptcy?

Should I Use A Debit Card Right Before Bankruptcy?

Can I Discharge Student Loans In Bankruptcy?

https://www.youtube.com/watch?v=5-A0rM-GJgM Can I discharge student loans in bankruptcy? The short answer to that question is yes, you can. The longer and more difficult answer is, it's really hard but not impossible. Most states, including Maryland, ..

James Madison vs. Bernie Madoff March Madness Bankruptcy Brackets

https://www.youtube.com/watch?v=NrYogevs9x4 Welcome to the third round of March Madness Bankruptcy Brackets. In today's video we're going to find out which celebrity debtors will win the Automatic Stay Regional and move on to the final four, ..

thomas jefferson willie nelson bankruptcy

Thomas Jefferson vs. Willie Nelson March Madness: Bankruptcy Brackets

https://www.youtube.com/watch?v=YeCofq-kfno Welcome to the third round of March Madness Bankruptcy Brackets. In today's video we're going to find out which celebrity debtor will win the bankruptcy discharge regional and move on to the final four, ..

Michael Vick vs. Bernie Madoff March Madness: Bankruptcy Brackets

https://www.youtube.com/watch?v=A4g7CZ2TBWs This second round matchup in the Automatic Stay regional is a slugfest between two heavy favorites: Bernie Madoff and Michael Vick. Madoff found himself thrown into bankruptcy after fleecing billions of dollars from thousands ..

Thomas Jefferson Lenny Dykstra Bankruptcy

Thomas Jefferson vs. Lenny Dykstra March Madness: Bankruptcy Brackets

https://www.youtube.com/watch?v=ySibq2HFzaY This second round matchup in the Bankruptcy Discharge regional posts up Thomas Jefferson, the father of American democracy, against Lenny Dykstra, great centerfielder and bankruptcy felon. Despite his unmatched achievements in the public arena, ..

Charles ponzi Anna Nicole Smith Bankruptcy

Charles Ponzi vs. Anna Nicole Smith March Madness: Bankruptcy Brackets

https://www.youtube.com/watch?v=9BvlZLav3HY This final first round contest in the Plan of Reorganization Regional boasts charming conman Charles Ponzi against golddigging guess girl Anna Nicole Smith, and you may be surprised by all of it. A colorful ..

Bernie Ebbers vs. Cyndi Lauper March Madness: Bankruptcy Brackets

https://www.youtube.com/watch?v=aWCsJTxNM9w In this matchup in the plan of reorganization regional Worldcom decimator Bernie Ebbers takes on the Unusual Girl Cyndi Lauper. Born to the family of a traveling salesman, Bernard Ebbers was the second of ..

Casey Anthony vs. Lawrence Taylor March Madness: Bankruptcy Brackets

https://www.youtube.com/watch?v=bdmPRMrj2sQ Lawrence Taylor was a feared linebacker with the NY Giants. Despite $50 million in career earnings, Lawrence Taylor lost a fortune by using cocaine, lavish spending, and hard partying. After retirement, Taylor was arrested ..

Thomas Jefferson vs. Walt Disney March Madness Bankruptcy Brackets

https://www.youtube.com/watch?v=2Xl36kBtuUA In this first round matchup in the bankruptcy discharge regional, we face Thomas Jefferson against Walt Disney, and none of this went the way I was expecting it to. Thomas Jefferson was plagued with ..

Tom Petty vs. Kim Basinger March Madness: Bankruptcy Brackets

https://www.youtube.com/watch?v=wzErOm_BhE0 This match up really illustrates the difference between when a celebrity files bankruptcy early in their career versus when they have to file later after they have had considerable success. The two celebrities are ..

Harry S. Truman vs. Sonja Morgan March Madness: Bankruptcy Brackets

https://www.youtube.com/watch?v=UzXHokV4pyU This first round match up in the exemptions regional features the unlikely paring of Sonya Morgan v. Harry Truman. On the Google Fame Gage, even though Sonja Morgan is a contemporary television personality Harry ..

Teresa Giudice vs. Bernie Madoff March Madness Bankruptcy Brackets

https://www.youtube.com/watch?v=ClFRigq--5M Bernie Madoff is a heavy favorite in this competition, because the billions of dollars he fleeced from his investors is more than almost anybody else in the competition, so even though Teresa Guidice has ..

March Madness: Bankruptcy Brackets

https://www.youtube.com/watch?v=Pnno9l0oZrk I've been blogging about celebrity bankruptcies and created info-graphics like the Baseball Bankruptcy Hall of Fame, the Flag of Bankrupt Presidents, the Bankruptcy Big House and others. So, I decided that it would be ..

Abraham Lincoln vs Denny McLain March Madness Bankruptcy Brackets

https://www.youtube.com/watch?v=1xSFudUqykE McClain has his hands full taking on Abraham Lincoln, who as a face on Mount Rushmore automatically gives him a big head start in the Google fame stats and it was a onesided defeat ..

Removing parents name bank account bankruptcy

Should I Remove My Name from My Parents’ Bank Account before Bankruptcy?

https://www.youtube.com/watch?v=Y9__8eHAWu8 Thoughts from a Maryland Bankruptcy Lawyer

Special Report: Foreclosed at the Museum of Modern Art Maryland Bankruptcy Attorney

https://www.youtube.com/watch?v=cDZeHj3Tf9I Foreclosed: Rehousing The American Dream is an unusual exhibit at the Museum of Modern Art in New York. This exhibit presents the work of architects, planners, ecologists, engineers, landscape designers, and other specialists in ..

Bankruptcy: Can I Repay A Debt That’s Been Discharged? Maryland Bankruptcy Lawyer

https://www.youtube.com/watch?v=2etMPMLEqaA Even though the bankruptcy court enters an order discharging a debtor, the debtor may still voluntarily repay any debt. There is a specific section of the Bankruptcy Code authorizing such repayments. The debtor may ..

Bankruptcy: How ManyTimes Can I File? Maryland Bankruptcy Lawyer

https://www.youtube.com/watch?v=liXDpb_kXXc Sometimes filing bankruptcy doesn't solve all your problems. Clients want to know if they can file again, but what they really want to know is if they can get their debts discharged in bankruptcy ..

Who Gets Notice Of My Bankruptcy Case? Maryland Bankruptcy Attorney

https://www.youtube.com/watch?v=01OU0U_Jxlc When you file bankruptcy, all creditors, landlords, anyone you have a contract with, co-debtors and shareholders will receive notice of the case. Debtors cannot pick and choose which creditors are to receive notice: the ..

Using Smartphones, Tablets & The Cloud in your Bankruptcy Practice (# 4 Evernote)

https://www.youtube.com/watch?v=F82R35Y6SEM Part 4 of this series. Ron Drescher explains how he uses his iPhone 4S, New iPad and various cloud apps in his bankruptcy practice in Maryland, Virginia, Delaware and Pennsylvania. This is the fourth ..

Why Filing Bankruptcy May Be The Best Thing You Ever Do – Part 3

https://www.youtube.com/watch?v=-PvTcRSQ-dE This is the third and last of a multi part series. Too often filing bankruptcy is viewed as a failure. In a different way of thinking, a bankruptcy filing opens the door to a ..

Why Filing Bankruptcy May Be The Best Thing You Ever Do Part 2

https://www.youtube.com/watch?v=K4yP_acUdDA This is the second of a multi part series. Too often filing bankruptcy is viewed as a failure. In a different way of thinking, a bankruptcy filing opens the door to a better life. ..

Smartphones tablets cloud in bankruptcy practice

Using Smartphones, Tablets & The Cloud in your Bankruptcy Practice (# 3 Dropbox)

https://www.youtube.com/watch?v=3fqsFPgH9FE Part 3 of this series. Ron Drescher explains how he uses his iPhone 4S, New iPad and various cloud apps in his bankruptcy practice in Maryland, Virginia, Delaware and Pennsylvania. This is the third ..

Siri and law apps in bankruptcy practice

Using Smartphones, Tablets & The Cloud in your Bankruptcy Practice (# 2 Siri & Law Apps)

https://www.youtube.com/watch?v=Uu9FVSdPjdQ Part 2 of this series. Ron Drescher explains how he uses his iPhone 4S, New iPad and various cloud apps in his bankruptcy practice in Maryland, Virginia, Delaware and Pennsylvania. This is the second ..

Using Smartphones, Tablets & The Cloud in your Bankruptcy Practice (# 1 Introduction & Setup)

https://www.youtube.com/watch?v=5U92iu5uYvU Ron Drescher explains how he uses his iPhone 4S, New iPad and various cloud apps in his bankruptcy practice in Maryland, Virginia, Delaware and Pennsylvania. This is the first part of a series of ..

Bankruptcy Preferences: Are These Lawsuits Really Fair?

https://www.youtube.com/watch?v=um_Cai--5vY Part 2 of the Introduction to Bankruptcy Preferences. Bankruptcy preferences are best described as ironic: in creating a law supposedly based on fairness, Congress has created a law that unfairly punishes a defendant who ..

Got paid for work getting sued bankruptcy preferences

Bankruptcy Preferences: I Got Paid For The Work I Did, Why Am I Getting Sued?

https://www.youtube.com/watch?v=kXzYnbEvyRM Part 1 of the Introduction to Bankruptcy Preferences. Bankruptcy preferences are best described as ironic: in creating a law supposedly based on fairness, Congress has created a law that unfairly punishes a defendant who ..

Bankruptcy and the Real Estate Depression Maryland Bankruptcy Attorney

https://www.youtube.com/watch?v=Fbj8gAgaZAw The real estate industry has been the chief contributor to the flood of bankruptcies during the last few years. Through no fault of their own, real estate professionals have struggled through the devastating decline ..

Is There a Stigma to Filing for Bankruptcy? Maryland Bankruptcy Attorney

https://www.youtube.com/watch?v=mizHRuBggrk For many, the idea of filing bankruptcy fills them with thoughts of guilt, shame and failure. But bankruptcy is not a failure and may be a new beginning. The choice to file for bankruptcy ..

Bankruptcy: Can Income Taxes Be Discharged? (Part 2)

https://www.youtube.com/watch?v=eFRPw66mNdY Fourth in a series of videos from the 2012 conference of the National Association of Consumer Bankruptcy Attorneys in San Antonio, Texas. Most people know the general rule that income tax debts are not ..

Bankruptcy: Can Income Taxes Be Discharged? (Part 1)

https://www.youtube.com/watch?v=eRuav9k61hc Third in a series of videos from the 2012 conference of the National Association of Consumer Bankruptcy Attorneys in San Antonio, Texas. Most people know the general rule that income tax debts are not ..

Bankruptcy: Can I Pay Into My 401(k) In Chapter 13?

https://www.youtube.com/watch?v=5pS1BO28zB8 Second in a series of videos from the 2012 conference of the National Association of Consumer Bankruptcy Attorneys in San Antonio, Texas. Payroll deduction into a 401(k) plan is a tremendous benefit offered by ..

Bankruptcy: What is the Deadline for Objections to Discharge?

https://www.youtube.com/watch?v=s0ss3t_d10A After the trustee meeting (30-45 days after filing the bankruptcy) creditors have 60 days to file objections to discharge. That's not a long time.

Bankruptcy: What if I Have an Enemy?

https://www.youtube.com/watch?v=3-J4dtjmdzU Frequently, people find themselves in bankruptcy for relief from debts to former business partners, ex spouses, friends who've invested with their business, or claims from aggrieved customers. These "enemies" will review their cases with ..

Lying filling out schedules in bankruptcy

Bankruptcy: What if I Lie Filling Out My Schedules?

https://www.youtube.com/watch?v=-XnQANQLWLU Only honest debtors will obtain a discharge. Lying or even making material mistakes because you are careless or indifferent may enable creditors to continue to sue, harass and seize wages and assets. Failure to ..

Business Bankruptcy: What are Operating Reports?

https://www.youtube.com/watch?v=88SMnsiQ0PQ The bankruptcy court and creditors need clear, complete and accurate information to determine whether a business debtor is operating profitably, or continuing to lose money at the expense of creditors. Monthly operating reports are ..

Bankruptcy: What Happens to my Property?

https://www.youtube.com/watch?v=TXQxFca3xcY What most people don't really understand is that in effect there are two cases going on in a typical bankruptcy case. One case involves you and whether or not you're going to get a ..

Bankruptcy: What is Relief from the Co-Debtor Stay? (Part 2) Maryland Bankruptcy Lawyer

https://www.youtube.com/watch?v=nffEvSXy4Zc This video is about the co-debtor stay in Chapter 13 of the bankruptcy code. It means that if you're a consumer, typically it means when you're married and your spouse doesn't file, not only ..

Bankruptcy: What is the Co-Debtor Stay in Chapter 13?

https://www.youtube.com/watch?v=LMMK-JamAHY This video is about the co-debtor stay in Chapter 13 of the bankruptcy code. It means that if you're a consumer, typically it means when you're married and your spouse doesn't file, not only ..

Bankruptcy: What Happens After Filing A Bare Bones Case (Part 2)?

https://www.youtube.com/watch?v=qcdL__eVV1o After you file your bare bones case, you have 14 days under the rules to get the rest of your schedules together. Hopefully we've got everything as close as possible when we file the ..

Bankruptcy: What is a Bare Bones Filing? Maryland Bankruptcy Attorney

https://www.youtube.com/watch?v=xBpTOAS7Ecg Sometimes you're in a hurry to file a bankruptcy case. Whether it's because you need to stop a foreclosure sale, repossession of a vehicle or a trial you expect to go badly. A barebones ..

Bankruptcy Lawyer’s Webcam Video from April 17, 2012 02:34 PM

https://www.youtube.com/watch?v=M271WiKq9-8 MDBankruptcyLawyer's Webcam Video from April 17, 2012 02:34 PM

Bankruptcy: What if you forget to strip a judgment lien? Maryland Bankruptcy Attorney

https://www.youtube.com/watch?v=DJ0G5JDlhIM In most states, if you file a lawsuit and you get a judgment, that judgment becomes a lien against their real estate in the county. If you file bankruptcy and you exempt any part ..

Bankruptcy: What is Lien Stripping? Maryland Bankruptcy Attorney

https://www.youtube.com/watch?v=gU5uAo6Ki50 An exemption is your ability to keep stuff that you own even though you're going to get a discharge. In most states, if you file a lawsuit and you get a judgment, that judgment ..

Bankruptcy: What are Exemptions? Maryland Bankruptcy Attorney

https://www.youtube.com/watch?v=RCiG-nGyyTU Exemptions are critically important to consumer debtors because they represent the stuff that you're allowed to keep after you file bankruptcy. Exemptions are important because they represent lawmakers' ideas of what people need to ..

Will my bankruptcy affect my spouse?

https://www.youtube.com/watch?v=Pyr6QQzhGyk I'm thinking about filing bankruptcy. Who will be affected? Will my spouse have to file? Will my bankruptcy show up on my spouse's credit report? Will our combined salaries prevent me from being able ..

I Passed The Means Test Can I File Maryland Chapter 7?

https://www.youtube.com/watch?v=mTS_4Venur4 Even though you passed the means test the U.S. trustee, your case trustee, or even your creditors can review your bankruptcy case and argue that by the totality of the circumstances it would be ..

What is Claims Estimation?

https://www.youtube.com/watch?v=0lEKCAK9jQg There’s a procedure under the Bankruptcy Code that’s called claims estimation that's used when litigation threatens to drag on for months or even years. before the amount of a claim that is owed to ..

What Is a Co-Debtor?

https://www.youtube.com/watch?v=XHsjyZHkHns When two or more people are liable on the same debt, they are called co-debtors and there are certain rights and obligations that pertain to co-debtors in bankruptcy. The strongest of these in a ..

I’m Living Paycheck to Paycheck Will Bankruptcy Help Me?

https://www.youtube.com/watch?v=oIXcLfKLEME If you’re living paycheck to paycheck because a significant part of your income is being used to pay old credit card bills, medical bills, very old taxes or other claims that could be discharged ..

Do I Have To Pay Tax When A Creditor Writes Off My Debt?

https://www.youtube.com/watch?v=ELbCu-wuInk When a creditor writes off your debt, they frequently send a 1099 to the IRS reporting income to you for the amount written off. This is called discharge of indebtedness income and under the ..

What are Unliquidated or Disputed Claims in a Bankruptcy?

https://www.youtube.com/watch?v=r65sX6C5vrU Today, I will answer the question, "I'm filling out my schedules and the forms are asking if the claims against me are contingent, liquidated or disputed. What does 'disputed' mean?" A disputed claim is ..

What Is a Liquidated Claim in a Maryland Bankruptcy Case?

https://www.youtube.com/watch?v=7LmbOOPITGY Today, I'll answer the question: "I'm filling out my schedules, and the forms are asking if the claims against me are contingent, liquidated, or disputed. What does that mean?" A claim is liquidated if ..

What Is a Contingent Claim in a Maryland Bankruptcy Case?

https://www.youtube.com/watch?v=Kpa1i3jdEjc Today I want to answer the question, "I'm filling out my schedules and the forms are asking if the claims against me are contingent, liquidated or disputed. What does that mean?" Bankruptcy courts need ..

Why Is the Trustee Scrutinizing My Maryland Bankruptcy Case

https://www.youtube.com/watch?v=JEHyggnJTgk Today I want to answer the question, "Why is the trustee looking so closely at my case?" You should know that trustees in Chapter 7 are private attorneys appointed to a panel by the ..

My Assets Exceed Allowed Exemptions; How Should I Proceed?

https://www.youtube.com/watch?v=kOcUAkUKd-M Sometimes when you file bankruptcy, all of your equity and your assets are not as high as the exemptions you're allowed to take under state law. However, debtors are frequently “over-exempt”. For example in ..

Will My Lawsuit Be Time-Barred Because of Laches?

https://www.youtube.com/watch?v=CgTU-zEG_jw Today I'm going to answer the question: “I filed my suit within the Statute of Limitations; can it be time barred anyway?” And the answer to that question is yes, it can be; and ..

Do I Have to List Football PSLs in My Bankruptcy Schedules?

https://www.youtube.com/watch?v=nvTpzjMrP44 If you’re a football fan and have public seat licenses, PSLs, you must list them in your bankruptcy case. And if you do, the bankruptcy trustee can indeed sell them. If you've got a ..

What Is A Motion for Summary Judgment?

https://www.youtube.com/watch?v=00-KvKsUyLk Summary Judgment is a tool which a party in litigation uses to win and end the lawsuit. When the facts are not in dispute, there is no need for a trial because the court ..

Do I Have to Reaffirm My Car Loan in Chapter 7?

https://www.youtube.com/watch?v=I9BEqOfZTFg The Bankruptcy Code requires that debtors reaffirm loans secured by personal property such as cars, computers, boats, etc. Reaffirmation means that even though you receive a discharge in bankruptcy, creditors holding reaffirmed debts can ..

What Does Paying “Outside the Plan” Mean in Chapter 13?

https://www.youtube.com/watch?v=jZJxMFpueHs In Chapter 13 bankruptcy, the heart of that process is a plan which the debtor and the debtor's attorney file with the Bankruptcy Court. This plan explains how the classes of creditors are going ..

If My Income Is Above Median, Can I Still File Chapter 7?

https://www.youtube.com/watch?v=lYu7kwJNETs Chapter 7 relief is not necessarily denied to a debtor just because their income is above the median income for their state. Such debtors might still qualify for Chapter 7 relief, but they will ..

Why Do Chapter 11 Cases Get Converted to Chapter 7?

https://www.youtube.com/watch?v=5HY210Dvs5U Chapter 11 is a procedure for businesses and individuals with sophisticated financial situations. Sometimes companies and individuals are losing money and they're losing value in their assets at the expense of creditors. When that ..

What Is The Difference Between Chapter 7 and Chapter 13?

https://www.youtube.com/watch?v=4Gf4o6-ueQg Chapter 7 provides the greatest possible relief from dischargeable unsecured claims (credit cards, mortgage deficiencies, medical bills, etc.). The debtor keeps exempt property and the case is closed after about four or five months ..

What Is a Ponzi Scheme?

https://www.youtube.com/watch?v=vm5ZsTYYTtI A Ponzi scheme is a criminal activity where someone involved with buying and selling investments collects money in exchange for promising an enormous return. The Ponzi criminal then pays the first people who invested ..

Should I Transfer Property Right Before Filing Bankruptcy

https://www.youtube.com/watch?v=X_eQcKth6kg "Should I transfer property to myself and my wife and then file bankruptcy?" The answer to that question is definitely NO. This will be a transfer within a year before bankruptcy with the intent ..

Can a Bankruptcy Trustee Sell My Co-Owner’s Interest in

https://www.youtube.com/watch?v=KWsY-SP0x0U When you own property jointly with somebody else, can the trustee sell the property out from under the co-owners? The short answer to that question is yes the trustee can. The trustee has the ..

What is a Bankruptcy Deposition rule 2004 examination

https://www.youtube.com/watch?v=AXcKdDlQi5o Anyone involved in a bankruptcy case can depose any other party in interest. Bankruptcy Rule 2004 authorizes broad "fishing expeditions," even if nobody has been sued. If the bankruptcy court permits, an examiner may ..

Bankruptcy I’m An Individual, Can I File Chapter 11

https://www.youtube.com/watch?v=BEn_T8ZCsZQ If you can't quality for Chapter 7 or 13, you can still get bankruptcy relief under Chapter 11. Why would you need to do that? If your income is too high and you don't ..

Bankruptcy: Can I Save My Home?

https://www.youtube.com/watch?v=ytRe86xiqlk The answer to this question will vary depending on whether you have equity in your home or if you're current on your mortgage. The Equity Principal Equity is all about what you owe on ..

Chapter 7 Bankruptcy What is the Means Test?

https://www.youtube.com/watch?v=aJL4OpdxGAQ The "Means Test" is a test under the United States Bankruptcy Code to help debtors determine whether they can qualify to file under Chapter 7. Chapter 7 is a desirable chapter because it provides ..

Should I File A Chapter 7 Case For My Business?

https://www.youtube.com/watch?v=bjGVv9nJCIc I do not typically recommend filing chapter 7 cases for businesses. In chapter 7, businesses do not receive a discharge of debt, so the debts will survive the bankruptcy against the business. On the ..

Chapter 11: What is a Disclosure Statement?

https://www.youtube.com/watch?v=LJOf42rB78w The first part of the process of confirming a Chapter 11 Plan of Reorganization is to obtain approval of a Disclosure Statement. This is a document that contains information about the debtor and the ..

Bankruptcy: Should I File My Own Case? Maryland Bankruptcy Attorney

https://www.youtube.com/watch?v=kCysZ87Rj7k Individual debtors are allowed to file a bankruptcy case without help from a lawyer, but that doesn't mean that they should. Among other reasons why Debtors should not file their own cases are: • ..

Bankruptcy: Can The Bank Freeze My Account?

https://www.youtube.com/watch?v=whQQXPcxDGE A bank can take your deposit funds and reduce your debt under the doctrine of "setoff" if you owe that bank on a credit card, mortgage, line of credit or other debt. This is ..

Bankruptcy Filing May Be The Best Thing You Ever Do – Part 1

https://www.youtube.com/watch?v=dJn_Sk_Gyr0 Thoughts from a Maryland Bankruptcy Lawyer This is the beginning of a three video collection. Many people think of bankruptcy as a failure. Bankruptcy can however introduce a better way of life. In this ..

Chapter 11: What Is A First Day Motion? Maryland Bankruptcy Attorney

https://www.youtube.com/watch?v=wYl_Ja5Hpbo Once a chapter 11 case begins the debtor enters into a strange new world. Strategic decisions need to be made without delay. Restrictions on the debtor's ability to use its cash, maintain utility service ..

Chapter 11: What Is A Plan Of Reorganization?

https://www.youtube.com/watch?v=kwiZfUZJRFs Thoughts from a Maryland Bankruptcy Attorney In a Chapter 11 case the document that dictates the rights and oblgiations of the parties is the Plan of Reorganization. In this document, a debtor (or, occasionally, ..

Bankruptcy: Can I Modify A Home Mortgage in Chapter 13 Maryland bankruptcy attorney

https://www.youtube.com/watch?v=_zk7WfrFNu8 Thoughts from a Maryland Bankruptcy Attorney https://www.drescherlaw.com If your primary residence is secured by a mortgage or deed of trust that is fully or partially secured you will not be able to modify that ..

Bankruptcy: What is Discharge?

https://www.youtube.com/watch?v=V_l1nnqoAak Thoughts from a Maryland Bankruptcy Attorney https://www.drescherlaw.com I think of discharge as the pot of gold at the end of the bankruptcy rainbow. What does that mean? It means if you've spent years of ..

Bankruptcy: What is Lien Stripping To Preserve Exemption?

https://www.youtube.com/watch?v=FEDjPv-O72g Thoughts from a Maryland Bankruptcy Attorney www.drescherlaw.com An exemption is your ability to keep stuff that you own even though you're going to get a discharge. In most states, if you file a lawsuit ..

Bankruptcy: What is a No Asset Case?

https://www.youtube.com/watch?v=IuCVYTr42l0 Thoughts from a Maryland Bankruptcy Attorney www.drescherlaw.com In a no asset bankruptcy case the debtor gets to keep all the assets they bring into bankruptcy. Does your case qualify? Find out in this video. ..

Bankruptcy: What Is A Transfer?

https://www.youtube.com/watch?v=UEe7Ul-u69s Trustees pay very close attention to transfers made before bankruptcy, and debtors should too. One of the most important functions of a bankruptcy attorney is the protection of a client's assets. When a trustee ..

Bankruptcy: What is Chapter 13 Lien Stripping? Maryland Bankruptcy Attorney

https://www.youtube.com/watch?v=6NH_c3rBisg It's widely known that real estate values have taken a beating in the last 5 years. Many junior liens, mortgages and deeds of trust are totally "underwater", because the value of the home is ..

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