Bankruptcy and discharge of bankruptcy can be fairly straightforward when a couple is married. When one spouse files for bankruptcy, their discharge protects the couple’s community assets. As long as the couple is married throughout the process, that’s pretty much the end of the story.
Bankruptcy trustees are appointed in practically every individual consumer bankruptcy case. Depending on the case, the trustee will have a variety of obligations and powers. What’s more, the trustee may be an attorney but does not have to be. In fact, many trustees are accountants, probably because their skill set is well suited to handling their duties.
News & Advice From The Leading Carson Bankruptcy Attorney
If you’ve been reading the news, it’s no secret that home loan rates have been rising throughout 2018. If you’re one of the more than 700,000 Americans who filed for bankruptcy last year, often involving a foreclosure as well, then you may be wondering if you’ll ever be able to take advantage of home loan rates that are still historically low.
Are you considering bankruptcy but are confused by your various options? After all, what are the differences between Chapter 7 and Chapter 11? And what about Chapter 11 – who has even heard of that one!
If you’d like to do your research from the beginning, use our blog as a resource. Click on the topics below and go right to the information you’re wondering about. Let’s start with Chapter 13.