Bankruptcy Mastery

Becoming a better bankruptcy lawyer

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Use All Channels to Educate Bankruptcy Debtors

By Cathy Moran, Esq. Filed Under: Counseling clients

teach clients

The skill set of a consumer bankruptcy lawyer must include a healthy dose of  the skills of a teacher. The client has to master any number of legal issues and procedures to make informed decisions about the case.  An effective lawyer has a plan for how to convey all those things the debtors need to […]

Filed Under: Counseling clients Tagged With: alternatives, bankruptcy, choices, clients, consumers

New Bankruptcy Lawyers Targeted by Trustee

By Cathy Moran, Esq. Filed Under: Bankruptcy Practice

Chapter 7 trustees plan to sue debtor’s lawyers for undisclosed assets, I was told yesterday.  In the course of discussing the flood of rookie bankruptcy lawyers into local court rooms, this veteran trustee’s counsel was licking his chops  at the opportunity to make creditors whole at the expense of the debtor’s attorney. The stories of […]

Filed Under: Bankruptcy Practice Tagged With: bankruptcy, bankruptcy attorney, bankruptcy schedules, Chapter 7 bankruptcy trustees, consumer bankruptcy law

Exemptions & Property of the Estate

By Cathy Moran, Esq. Filed Under: Exemptions, Start Here

sorting assets

Sometimes, as an inexperienced bankruptcy lawyer,  it’s hard to get your head around the idea that your client can have an asset of substantial value and not need to exempt it when filing bankruptcy. That’s because only property of the estate is potentially available to pay the client’s creditors in a bankruptcy, and some assets, […]

Filed Under: Exemptions, Start Here Tagged With: assets, bankruptcy, bankruptcy practice, exemptions, property of the bankruptcy estate

Surrendering Property in Bankruptcy

By Cathy Moran, Esq. Filed Under: Bankruptcy Practice, Real property

Apart from Selling your home in a stress-free manner, many things are revolving around properties that you need to know. Your client’s statement that he is surrendering property in his bankruptcy case is nothing more than a statement of future intentions.  Intentions can be changed, and action is required to actualize that intention. An intention […]

Filed Under: Bankruptcy Practice, Real property Tagged With: bankruptcy, Consumer, foreclosure, real estate, stay, surrender, transfer

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