Debtors are usually able to discharge most or all of their debts. Once a debt is discharged, a creditor may not attempt to collect it from the debtor.
View the Discharge video.
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You are currently browsing the MachiLaw.com blog archives for October, 2009.
Bankruptcy Discharge
October 30th, 2009
Court Hearings During Bankruptcy
October 28th, 2009
In some cases, a debtor may be required to appear at hearings before a bankruptcy judge.
View the Court Hearing video.
Inaccuracies During Bankruptcy are a Crime
October 26th, 2009
A debtor must be honest and accurate in dealing with the court or face serious consequences, including being charged with a bankruptcy crime.
View the Bankruptcy Crime video.
Social Security and Supplemental Security Income Disability Programs
October 24th, 2009
The Social Security and Supplemental Security Income disability programs are the largest of several Federal programs that provide assistance to people with disabilities. While these two programs are different in many ways, both are administered by the Social Security Administration and only individuals who have a disability and meet medical criteria may qualify for benefits under either program.
Social Security Disability Insurance pays benefits to you and certain members of your family if you are “insured,” meaning that you worked long enough and paid Social Security taxes.
Supplemental Security Income pays benefits based on financial need.
Ted Machi & Associates, P.C. has launched our new web site for those looking for a Dallas Disability Lawyer, or an attorney to handle their Social Security Disability Claim in Arlington, Fort Worth, or other part of North Texas.
Creditors’ Meeting
October 23rd, 2009
Every debtor is required to appear at a creditors’ meeting conducted by a trustee who asks the debtor questions about the debtor’s financial condition and gives creditors the opportunity to do the same.
View the Creditors’ Meeting video.
www.uscourts.gov
Credit Counseling During Bankruptcy
October 21st, 2009
In order to file for bankruptcy, an individual must take a credit counseling course and accurately complete and file a number of documents.
View the Credit Counseling Video.
www.uscourts.gov
Some Debts Cannot be Discharged in a Bankruptcy.
October 19th, 2009
The following debts and not discharged in a bankruptcy:
Child Support
Alimony
Most Student Loans
Some Federal Income Taxes
All Employer Withholding Tax
View the Debts Not Discharged video.
Types of Bankruptcy
October 15th, 2009
There are three main types of bankruptcy cases for individuals, the most common of which are chapter 7 and chapter 13.
View the Types of Bankruptcy video.
www.uscourts.gov
Bankruptcy Basics
October 14th, 2009
Bankruptcy Basics provides basic information to debtors, creditors, court personnel, the media, and the general public on different aspects of the federal bankruptcy laws. It also provides individuals who may be considering bankruptcy with a basic explanation of the different chapters under which a bankruptcy case may be filed and answers some of the most commonly asked questions about the bankruptcy process.
View the Bankruptcy Basics Video.
www.uscourts.gov
When Bankruptcy Looms, What are Your Options?
October 12th, 2009
Sean Engelking was pretty confident of his future when he arrived in New York in 2008 to pursue a career in banking. He had just taken an internship after graduating with a degree in economics.
Engelking’s internship ended abruptly soon after moving to the New York. He then got a job working for software firm BizTech, but was laid off several months later. Still out of work and collecting unemployment, he can no longer afford the payments on his student loans. Recently, he paid a visit to a bankruptcy lawyer to weigh his options.
Unemployment in the city hit 10.3% in August and with the economy still murky, bankruptcy has become a reality for many New Yorkers who never considered it before. “Bankruptcy used to be for people on the fringe,” said Manhattan consumer bankruptcy lawyer David Shaev, who advised Engelking.
“Now it’s for people who had good jobs who have lost them,” Shaev said. “We have more middle-class people who are saying, ‘I can’t believe I am in this situation.’ ”
Read more at NYDailyNews.com.
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