Author Archives: Jay Butchko
Getting a Home Loan After Bankruptcy
A bankruptcy is supposed to be a fresh start for a consumer. The chance to start your financial life anew, with good habits and a clean slate. But that can be hard to do when your credit is affected by a bankruptcy. One of the biggest ways that credit is affected is when you… Read More »
What is an Executory Contract?
If you have a payment coming to you for performing under a contract, the payment that is due to you but that is unpaid is an asset that the bankruptcy court can take. This is true even though you haven’t been paid yet (although the payment due to you may be exempt anyway, and… Read More »
Think You Know About Chapter 11 Bankruptcy? Think Again
Because Chapter 11 bankruptcies tend to make news more than other chapters of bankruptcies do, a lot of people get information about it. But all that media attention also can lead to a lot of misconceptions and falsities when it comes to Chapter 11 bankruptcy. Despite what you may hear in the news, there… Read More »
Fraudulent Transfers Can Cause a Lot of Problems
When it comes to bankruptcy, many people, out of fear of losing property, decide to take matters into their own hands. They will transfer property, sell property, or give it away, in an attempt to make it look like they own less, or have fewer assets than they actually do. But that kind of… Read More »
Utility Bills and Bankruptcy
Often, you can file bankruptcy at your own pace. Whenever you’re ready and feel the time is right, you can file your case. But sometimes, you don’t have that luxury. Sometimes, there is an emergency that requires that you file a bankruptcy right away. One example of that situation is when you are facing… Read More »
Stimulus Package Contains Some Bankruptcy Reform
It’s often strange the kind of things that get thrown into bills that become laws. But hidden in all the media hype about the COVID-related stimulus package is some help for those who are filing for bankruptcy, particularly those filing for Chapter 13 bankruptcy. Chapter 13 Review The help comes in the form of… Read More »
Can I Lose My Stimulus Payment in Bankruptcy?
As of this writing, many Americans have already received their second stimulus check. But for a bankruptcy filer, the biggest question may be how to make sure the stimulus money isn’t taken by creditors or by the bankruptcy court. Stimulus and Creditors Unfortunately, there is nothing in the law that makes a stimulus check… Read More »
Interest Rates: How Much is Too Much?
What drives many people into bankruptcy is not necessarily their deb, or the amount they charged or were charged. What drives many people into bankruptcy is the interest on the debt that they may have. That interest can sometimes be so extraordinary, and so significant, that even people who try to make good faith… Read More »
We’re Celebrating 20 Years Helping Bankruptcy Clients!
Bankruptcy attorneys come and go. Sometimes, they are new on the scene, whether because they’re new lawyers, or because bankruptcy gets trendy, and is the “hot” legal area, so more and more attorneys try to test their hand in bankruptcy’s murky waters. But not us. We’re now celebrating our 20th anniversary as a law… Read More »
Non-Dischargeable Domestic Support Obligations: There Are More Than You Think
As a general rule, support obligations to a spouse, former spouse, or to a child in the form of child support, are not dischargeable. Your bankruptcy discharge will not include these debts, and they will continue on, even after your discharge (although once your dischargeable debts are gone, you may have more money to… Read More »
