Angela Martin’s Legal Blog

Everyone has heard of the bailout/rescue program for the nation’s largest banking institutions.  Were you aware that the first half of the $700 Billion Dollar fund has already been allocated to individual banks, investment firms, etc.  However, there has been little explantion as to how many individuals - if any have been able to benefit […]

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The main reason taht people file for bankruptcy - either Chapter 7 or Chapter 13 - is to relieve them of debt.  What is important to remember is that not all debts are dischargeable.  So for quick reference below is a short list of types of debts that CANNOT be discharged.  This means that even […]

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This week as I was looking for a topic to blog about, I came across an interesting story.  It is a situation similar to those lawsuits people use to demonstrate how the legal system just goes wrong.  For example, there is the story where a theif breaks into someone’s home, trips on a rug, and […]

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Many people are concerned about the “341(a) Creditor’s Meeting” that must occur when filing Bankruptcy.  The truth of the matter is, although it may cause stress, it is surprisingly simple.
First, the Creditor’s Meeting is just an opportunity for the bankruptcy trustee, and creditors, to ask you questions about your finances and what you have already […]

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Recently, a friend asked me what were the basic changes in the Bankruptcy law that were made in 2005.  Although the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) became effective in late 2005, I thought I would just proide a VERY brief list of select changes that had a large impact on Bankruptcy […]

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