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.
There are many good reasons to use an experienced attorney is you are considering filing for bankruptcy. One top reason is that creditors often try to take advantage of people who are filing on their own — which is known as filing “pro se.” Less than scrupulous creditors rightly assume that non-attorneys simply do not have the legal knowledge to handle the process properly. They, the creditors, are in the driver’s seat — they use skilled attorneys to plead their case.