Maximizing the Initial Client Interview

The first meeting with a bankruptcy prospect is the best and hardest work I do. It’s probably the most important as well.  I use it to figure out what the issues in the case are, what the client’s goals are, and to convey what I will need from the client to produce a successful outcome. […]

Beware the Emergency Bankruptcy Filing

Real danger for client and lawyer lurks in the emergency bankruptcy petition: File without all the information about the client’s assets and recent transfers and you risk getting family members sued and the client losing assets. Not to mention your loss of face or worse. Avoidable transfers Chapter 5 of the Bankruptcy Code deals with […]

Timing Is Everything In Bankruptcy

All three consultations on Friday featured clients intent on filing bankruptcy IMMEDIATELY. Each of them was  certain that they had no time before some disaster would befall them if they didn’t file bankruptcy.  Yet, as we talked, I concluded the consequences of an immediate filing were worse than the perceived goblins chasing the clients Waiting, […]

When Only Chapter 13 Bankruptcy Will Do

The clients were in my office considering bankruptcy because of nasty litigation approaching trial.  While they would undoubtedly win, the expense was enormous.  Victory in court would ruin them. As we talked about their financial situation and their eligibility for bankruptcy, it came out that there were two liens on their house and on their […]