By Jeff Field | Published May 25, 2026 | Posted in Bankruptcy | Tagged Tags: bankruptcy, creditor, Section 341 | Leave a comment
How Creditors Learn About a Debtor’s Bankruptcy Filing
When a person files for bankruptcy, creditors must receive notice of the case so they can comply with the law and protect their own legal rights. If they are unaware of the proceeding, creditors may continue collection activity in violation of the automatic stay and lose the opportunity to challenge the discharge of certain debts. Read More
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What People Often Misunderstand About Chapter 13 Repayment Plans
Many people misunderstand the purpose and structure of a Chapter 13 bankruptcy repayment plan. Confusion about this method of debt relief might deter them from filing for bankruptcy because they believe that a Chapter 13 filing will leave them in financial distress for years. The mistaken notion that relief only comes at the end of Read More
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Repeated Bankruptcy Filings Can Limit Automatic Stay Protections
The automatic stay is one of the most powerful protections in bankruptcy. It typically takes effect immediately upon filing and stops most collection activity, including lawsuits, foreclosure actions and repossessions. For many filers, it provides immediate relief from creditor pressure. That protection is not unlimited, however. When someone files multiple bankruptcy cases within a short Read More
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Is Home Equity at Risk in a Chapter 7 Bankruptcy?
A Chapter 7 bankruptcy is sometimes referred to as a liquidation because the court-appointed trustee has the power to sell a petitioner’s non-exempt assets to repay their creditors. That label tends to scare many homeowners who assume they will automatically lose their homes and the equity they have built. In reality, whether someone’s home equity Read More
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