Peter Bricks

Aug 31, 20102 min read

Who is the Bankruptcy Trustee?

When you file bankruptcy, a trustee is appointed by the Office of the United States Trustee to administer your case. Barring an unusual...

2 views0 comments

Peter Bricks

Aug 12, 20102 min read

Can you Discharge Income Taxes in Bankruptcy?

Many debtors filing bankruptcy think they cannot discharge income taxes in bankruptcy. However, that is not true. Income taxes can be...

4 views0 comments

Peter Bricks

Jul 29, 20102 min read

What is a Motion to Lift Stay?

Upon filing of a bankruptcy case, the automatic stay immediately kicks in. The importance of the stay instantly kicking in cannot be...

12 views0 comments

Peter Bricks

Jul 23, 20103 min read

What is the Automatic Stay in Bankruptcy?

I have seen my fair share of debtors who file bankruptcy without needing immediate relief. They might be current on all their bills and...

2 views0 comments

Peter Bricks

Jul 18, 20102 min read

Important Dates to consider when filing bankruptcy

Filing bankruptcy is painful enough for most debtors. The last thing you want to do on top of that is to make a mistake in your filing...

4 views0 comments

Peter Bricks

Jul 9, 20103 min read

What Happens at Your 341 Meeting of Creditors?

No matter which chapter of bankruptcy you file, you will have to attend a debtors exam with your assigned trustee (also known as your 341...

2 views0 comments

Peter Bricks

Jul 4, 20102 min read

Chapter 7 or Chapter 13 Bankruptcy: What Not to do Before Filing

When you file a bankruptcy petition, you are filing a voluntary bankruptcy petition, as it is called. However, the word voluntary applies...

38 views0 comments

Peter Bricks

Jul 1, 20103 min read

What are Your Bankruptcy “Exemptions”?

Perhaps the most common question I get when I am talking to a client for the first time about filing bankruptcy is Don’t I have to give...

27 views0 comments

Peter Bricks

Jun 3, 20104 min read

What Happens After You File Your Chapter 13 Bankruptcy Case?

While it can be argued that the effort and preparation required in just filing a Chapter 7 case constitutes the majority of the work the...

1 view0 comments

Peter Bricks

May 25, 20104 min read

What Happens After You File Your Chapter 7 Bankruptcy Case?

You have finally gone into your attorneys office and signed your bankruptcy papers for your chapter 7, so like most debtors you are...

4 views0 comments

Peter Bricks

May 11, 20103 min read

Banking Account Pointers Prior to Bankruptcy Filing

Many bankruptcy debtors have very limited disposable funds in the form of liquid cash prior to their bankruptcy filing. What they have in...

1 view0 comments

Peter Bricks

May 6, 20102 min read

Can You Get Rid of All Liens in Bankruptcy?

Liens come in three forms. They are either consensual, statutory or judicial. A consensual lien is where a debtor voluntarily grants a...

1 view0 comments

Peter Bricks

Apr 28, 20102 min read

Which Assets Must You Declare When You File Bankruptcy?

When you file bankruptcy, which of your assets must you declare on your petition? The answer is simple- all of them. But what about the...

1 view0 comments

Peter Bricks

Apr 19, 20104 min read

Why It is Important to Identify Any Possible Inheritances Prior to Bankruptcy

When filing bankruptcy, a debtor must declare all of his/her assets. This is because a debtor can only protect so many assets under the...

9 views0 comments

Peter Bricks

Apr 12, 20102 min read

What Your Bankruptcy Filing Means to Your Co-debtors

When a couple files jointly for bankruptcy and receives a discharge, all their debts that are eligible for discharge are so discharged,...

2 views0 comments

Peter Bricks

Apr 5, 20103 min read

What is the Means Test?

The means test is a purely mathematical calculation required by the bankruptcy court for the purpose of determining if an individual...

3 views0 comments

Peter Bricks

Mar 26, 20102 min read

How to get rid of an entirely unsecured mortgage in a Chapter 13

Many homeowners are behind in their mortgage payments. Combine that fact with the nationwide decline in housing prices, and it is not...

2 views0 comments

Peter Bricks

Mar 13, 20104 min read

Bankruptcy and Property: What are the Effects of Bankruptcy on Your House and Car?

Those of you filing chapter 7 bankruptcy will face the decision of whether you should reaffirm your secured debts, which are typically...

0 views0 comments

Peter Bricks

Mar 13, 20102 min read

Disclose Everything on Your Bankruptcy Petition

They say the three most important words in real estate are location, location, location. Likewise, the three most important words in...

1 view0 comments

Peter Bricks

Mar 13, 20102 min read

Be Careful of Income Consequences When Settling Debts

Settling your debts in full is a good thing. It can keep you out of bankruptcy, get rid of those pesky collectors, help your credit and...

4 views0 comments