Not a member of Pastebin yet?
Sign Up,
it unlocks many cool features!
- BANKRUPTCY:
- CH 13 a repayment plan bk...court orders strict budget that CL has to follow for 3-5 years, if debt owing after those years, the debt gets discharged.
- CH 7 is liquidation BK discharges most unsecured, general debt including credit card, judgments, utility bills
- What it does not discharge, student loans, criminal fines, traffic tickets, family support and taxes.
- Advised CL on filing fee for bankruptcy $335/$310
- Adv CL that once BK is filed, an automatic stay comes on all of CL's assets and debts...this means CL cannot add in more debts, and creditors cannot pull out assets without BK judge's permission
- Adv cl re mandatory credit counseling.
- Adv CL that liquidation BK means that trustee can force sale of non-exempt assets
- Adv Cl that there are state and fed exemptions. If CL is going with one state exemption, CL has to pick all state exemptions. Same with fed exemption
- Advised CL we do not typically represent CL's in bankruptcy cases.
- Advised CL they are currently collectible/uncollectible so if judgment is entered against CL, wages could/could not be garnished.
- Advised CL on State Bar LRIS Modest Means program and accesstobankruptcycourt.com.
Add Comment
Please, Sign In to add comment
