What Is A Statement Of Intention In A Bankruptcy Case?

Alberto Montefalcon has the experience and knowledge to help any person properly consider his or her options when overwhelmed with financial difficulties as a result of unpaid debt. One possible viable option for individuals who are delinquent on debt payments is filing a Chapter 7 bankruptcy case, which allows a person to discharge the obligation to pay most of their debts. Today's blog provides some basic information about one of the documents which every Chapter 7...

What Property Is Not Included In My Bankruptcy Estate?

A "bankruptcy estate" is an artificial entity created by federal law consisting of a bankruptcy debtor's legal and equitable interests as of the commencement of the bankruptcy case. The property of a bankruptcy estate is liquidated to repay creditors in a Chapter 7 case. § 541 of the Bankruptcy Code lists property that is included in and excluded from a debtor's bankruptcy estate. Various provisions in § 541 list property that is excluded from the bankruptcy...

What Property Is Included In My Bankruptcy Estate? Part 3: Statutory Provisions

This article is the continuation of a blog that summarizes the property that is included in a debtor's bankruptcy estate. The first part addressed property acquired in various ways such as after the filing of the bankruptcy case. Part two described marital interests in property. This article briefly discusses federal statutes that specifically provide for the inclusion and exclusion of certain property in a debtor's bankruptcy estate. 541 of Title 11 provides that any...

What Property Is Included In A Bankruptcy Estate? Part 2: Marital & Community Property

This article is the continuation of a blog that summarizes the property that is included in a debtor's bankruptcy estate. The first part addressed property acquired in various ways such as after the filing of the bankruptcy case. Part two describes marital interests in property. By taking exemptions, Debtors prevent the liquidation of their exempt property by the trustee. As this is an important, if not vital, analysis since it determines what property a debtor may...

What Property Is Included In My Bankruptcy Estate? Part 1: Introduction

Bankruptcy often provides a necessary fresh start for individuals experiencing financial problems and difficulty repaying debts. An experienced and qualified bankruptcy attorney may help reduce stress and uncertainty by providing valuable assistance throughout the entire bankruptcy process. After it is explained that the property in their bankruptcy estate may be used to repay unsecured creditors, clients typically ask: "What property is included in my bankruptcy estate? Federal law defines a bankruptcy estate with the provision that...

What Is A Bankruptcy Estate?

Bankruptcy does have an effect on a person's financial state. Despite this, filing bankruptcy often provides a necessary fresh start for individuals experiencing financial problems and difficulty repaying debts. An experienced and qualified bankruptcy attorney may help reduce stress and uncertainty by providing valuable assistance throughout the entire bankruptcy process. The language of § 541 of Title 11 provides that any bankruptcy case filed voluntarily, involuntarily, or jointly creates an estate. As defined by federal law,...

Preparing For Life After Bankruptcy

When filing for bankruptcy, it’s important for all California residents to be aware of specific, important information about the rights afforded them by federal and state law. Alberto Montefalcon may provide this necessary information which includes the true benefits of filing a bankruptcy case. One of the primary benefits and main purposes of bankruptcy is to discharge debts and provide an individual debtor with a "fresh start." After a bankruptcy case is completed and a debtor has received...

The Benefits Of Bankruptcy

Do you have problems making payments on your debts? Are you typically behind on these payments and rarely current? Is this pattern causing further problems? Is economic hardship diminishing the quality of your life? What are your solutions? Is bankruptcy a viable option? An experienced and knowledgeable bankruptcy attorney may assist anyone in a precarious financial situation. You need someone to provide you with information about your rights, including should you choose to file a bankruptcy...

For What Purposes Is A B-2 Visa Inapplicable?

Depending on the situation, the type of visa differs. To avoid any delays to your trip to the United States, it is important to obtain the correct visa for the correct set of circumstances. An experienced immigration attorney may ensure that you obtain the correct visa for the correct situation. While a B-1 visa is normally used for business purposes, a B-2 is used for personal reasons and commonly referred to as a tourist visa....

Options For Saving Your Home, Part 3: Chapter 13 Bankruptcy

Bankruptcy does have an effect on a person's financial state. Despite this, filing bankruptcy often provides a necessary fresh start for individuals experiencing financial problems and difficulty repaying debts. An experienced and qualified bankruptcy attorney may help reduce stress and uncertainty by providing valuable assistance throughout the entire bankruptcy process. If you are behind on your mortgage payments and fear default and foreclosure, bankruptcy may a solution to keeping your home. The experienced Sacramento metropolitan area/Northern...