Which of the blunders by prior counsel in Chapter 13 threaten a problem for which no good fix exists? Failure to timely assume the lease for the sole proprietorship liquor store. And it was a near run thing for me as well. This couple brought me their pending Chapter 13, fraught with trustee objections, inconsistencies, [...]
Tag Archive: Chapter 13
Learning Bankruptcy On The Job Victimizes Clients
I admit, up front , that I’m steamed. The clients in my office have a pending Chapter 13 case. They made an appointment with me because their bankruptcy attorney missed a hearing and doesn’t return their phone calls or respond to their questions. The trustee has a three page objection to confirmation. As I looked [...]
Learn the Bankruptcy Lingo
While we’re learning to “walk the walk”, we might as well learn to “talk the (bankruptcy) talk”. Each profession has its shorthand for concepts that are encountered repeatedly. For bankruptcy lawyers, that includes the distinction between Chapter 13 “percentage plans” vs. “pot plans“. These terms are alternative ways that the dividend to unsecured creditors in [...]
Find Solution That Works, Bankruptcy or No
Good income, substantial priority tax debt, other debt within the limits: sounds like a Chapter 13 bankruptcy, doesn’t it? Yet the clients were in my office for a second opinion, convinced they couldn’t sustain over five years the payments their attorney provided in their Chapter 13 plan. Their attorney’s approach reminded me of the Greek [...]