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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How Merchant Cash Advance Transactions Are Treated in Business Bankruptcies
Running a small business is tough. Even very successful operations have times where revenue is not sufficient to meet financial obligations. Though the terms can be onerous, it is not surprising that many retailers and other companies turn to merchant cash advances when they need a quick monetary infusion. In these arrangements, the business receives Read More
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Government Video Shows How a Chapter 7 Creditors Meeting Is Conducted
When people struggling with debt consider filing for Chapter 7 bankruptcy, the part of the process that often creates the most anxiety is the creditors’ meeting. This is sometimes referred to as the “341 meeting” based on the section of the Bankruptcy Code that discusses this conference. The good news is that these meetings, conducted Read More
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What Is Considered During a Chapter 13 Feasibility Analysis?
For many people who have fallen behind on what they owe, a Chapter 13 bankruptcy seems like the right solution. This is particularly true for those who are earning a steady income, but can’t catch up after a financial setback, such as a divorce, accident, medical crisis or temporary job loss. Instead of discharging nonexempt Read More
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How the Automatic Stay in Bankruptcy Protects Your Wages and Bank Accounts
When your wages, bank accounts and other funds you use for essential expenses are seized to pay overdue debt, the results can be devastating. For example, a wage or bank garnishment may leave you without enough money for your car payment. If the car is then repossessed and you are without transportation, you risk losing Read More
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What a Bankruptcy Attorney Can Do That You Probably Can’t
Individuals filing for bankruptcy have the right to represent themselves. Some people are tempted to do so, reasoning that bankruptcy consists of simply filling out forms. However, in most cases, going into bankruptcy without an attorney is a risky course of action. According to recent statistics, people who file Chapter 7 bankruptcy petitions through legal Read More
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