Recent Blog Posts
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Effective July 1, 2013 the Motor Vehicle Exemption increased from $3,500 to $5,000. This provides additional “wiggle-room” in determining whether you can keep your motor vehicle(s) when you file Chapter 7. Now, each debtor has $5,000 from this exemption to protect all motor vehicles titled in the debtor’s name. These factors can come into play… Read More »
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Chapter 13 is an option that allows you to consolidate your debt through a repayment plan. Your plan payment will be driven by your income, your assets and your debts. As you might imagine, your income must be regular an sufficient to allow your repayment plan to work. Your goal is to protect the things… Read More »
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Bankruptcy cases are administered by trustees appointed by the Office of the U.S. trustee, which is part of the U.S. Department of Justice (DOJ). Typically, the debtor never has to appear before a judge. So who is this trustee who will be overseeing your case and what are her or his duties? Chapter 7 trustees… Read More »