Z is for Zero! Nothing Owed! We finally made it to the end of the bankruptcy alphabet, Z! Z stands for Zero. Zero is what you end up owing on certain of your debts in bankruptcy. If you qualify for Chapter 7 Bankruptcy, unsecured debts
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Archives for Bankruptcy Alphabet
Y in the Bankruptcy Alphabet— Are You Too Young to File Bankruptcy?
I have discussed bankruptcy with many clients, young and old. It is hard enough for people to come to the decision that they will file for bankruptcy protection. Harder still is the decision to file for bankruptcy when you are very young. By young, I
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X – Executory Contracts and “Unexpired Leases”- in the Bankruptcy Alphabet
The letter X in the Bankruptcy Alphabet stands for Executory contracts. (I know, it’s a stretch, but how many words begin with X?). An executory contract in bankruptcy language refers to a contract that is signed, and valid, but has not been completed yet. The
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W – What You Need to Bring to an Appointment with a Bankruptcy Attorney
W in the Bankruptcy Alphabet stands for What you need to bring to an appointment. This is very important. When someone calls my office to set up an appointment, I first discuss their situation generally to see if I can help that person. So, when
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Bankruptcy Alphabet, V – Very Important Things to Tell your Bankruptcy Attorney
The next letter in the Bankruptcy Alphabet, V, stands for Very important things to tell your bankruptcy attorney. This may sound basic, but many people I meet with have no idea what to tell their attorney in preparation for a possible bankruptcy case. First off,
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Bankruptcy Alphabet – U is for Unsecured Debt
The next letter in the bankruptcy alphabet, U, stands for unsecured debt. Unsecured debt is any debt that someone owes for bills where no collateral was pledged. What does that mean? I can tell you what is not an unsecured loan to explain. Examples of
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Bankruptcy Alphabet—T is for Tax Refunds
The T in the Bankruptcy Alphabet stands for Tax Refunds. For so many people, a tax refund is their reward, or “found money” at the beginning of the year. It makes sense, because if you aren’t saving money throughout the year, and you get a
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S in the Bankruptcy Alphabet is for Smile!
In the bankruptcy alphabet, S is for the smile of relief that you get during the Bankruptcy process. People may think that bankruptcy is not a “happy” area of law, or a light-hearted process for the clients. But, if it is done right, bankruptcy can
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Bankruptcy Alphabet – R is for Real Estate
The R in the Bankruptcy Alphabet stands for Real Estate. Real estate is important for many reasons. For consumers, their home is their real estate, which is usually their single-most expensive purchase they make in their lives. And, people want to know always, whether they
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Bankruptcy Alphabet- Q is for Quit Claim Deed
The next letter in the Bankruptcy Alphabet is Q, which stands for Quit Claim deed. Many of my clients who call to ask about this refer mistakenly to it as a “Quick Deed”. I’m assuming that they heard something about this method of transferring property,
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