Discharge Contract in Bankruptcy

Generally speaking, courts do not like agreements that attempt to make a debt non-dischargeable in bankruptcy. Bankruptcy courts have been unreceptive to the use of consent decrees and settlement agreements which attempt to create, by contract, a debt that will be...

What Is a 341 Hearing?

Approximately 30 to 45 days after your bankruptcy case is filed, you must attend a 341 hearing in the bankruptcy court house, there are several reasons for the 341 hearing. The first reason for the meeting is because it is required by the bankruptcy code. All...

Bank Balances and Bankruptcy

The money in your bank account on the day you file belongs to your bankruptcy estate. In the eyes of the law, the money in the bank is yours, even if you have written checks that have not yet cleared the bank. *The money from Pending Payments or uncleared checks is...

Can I File Bankruptcy Without My Spouse?

must i file bankruptcy with my spouse? Must married people file bankruptcy jointly. No, it is possible for a married person to individually file for bankruptcy, however, there are several key issues to be aware of. Especially if the couple live in a community property...

Statement of Intentions in Bankruptcy

With any chapter 7 bankruptcy petition it is required to file a “Statement of Intentions”. This Statement of Intention(s) requires debtors to declare what they intend to do with property connected to their secured debts. One option on the Statement of...

Objections to Bankruptcy Discharge

Can an interested party object to your discharge? Bankruptcy Discharge of Debt: What is a bankruptcy discharge of debt? A discharge is a release of a debtor from personal liability for certain dischargeable debts. A discharge releases a debtor from personal liability...