Okay, there you have it!! I will start screaming if I hear about another car salesman telling one of my Chapter 13 clients that “all you need is a letter from the Trustee saying the car loan is approved”. News Flash to All Car Salesman of Western Pennsylvania: the Chapter 13 Trustee doesn’t issue letters like that. Don’t ask them. … Read More
I just moved to Pennsylvania. Can I file bankruptcy here now?
I frequently get calls from people who have recently moved to the Pittsburgh area and want to immediately file a bankruptcy case. They are generally impatient to file a case, but I have to caution them that they must follow the rules on where to file their case. The Bankruptcy Code requires that an individual can only file a bankruptcy … Read More
How to Protect your Retirement Plan by Filing Bankruptcy
One of my pet peeves as a Pittsburgh bankruptcy attorney is not using one’s retirement funds to pay off debts. My big objection is that those funds are supposed to be used for your retirement, not for your supposedly productive earning years. I can, however, understand that people can have financial problems and that a 401k loan could possibly help … Read More
3 Tips to Success in Chapter 13 Bankruptcy
Okay, your Chapter 13 case has been filed and you have attended your Section 341 Meeting of Creditors. Let’s say that the Trustee has recommended that your Chapter 13 plan be confirmed on an interim basis. Now what? Here are three tips to remember: Watch out for Force-Placed Insurance! This is the type of very expensive insurance that mortgage companies … Read More