Articles Tagged with bankruptcy petition

Bankruptcy Lawyer Bryan W. Stone answers the question: “Should I file bankruptcy?”

In any lawyer/client relationship, you have to feel comfortable with your representation. Bankruptcy is a stressful and complicated process. You should have no difficulty in asking your attorney questions, requesting explanations, and needing to go over your options during the course of your case. Strategy and filing deadlines are important in bankruptcy. For instance, the decision to file under Chapter 7 or Chapter 13 for individuals will determine the time-frame, which debts are discharged, and what kinds of property they will be able to keep.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What are my alternatives to bankruptcy?”

Many people considering filing for bankruptcy protection lack information about the process. This is understandable given that most people filing for bankruptcy have never filed before and are thus totally unfamiliar with how the system operates. Someone with only passing knowledge might think that all a person needs to do is decide to file and fill out some paperwork and before you know it the bankruptcy is over and done. Sadly, there are many more steps along the road that must be navigated before reaching the desired conclusion. Thankfully, skilled bankruptcy attorneys are here to help guide the way.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What are the pros and cons of bankruptcy?”

The rapper 50 Cent has been in the news a lot recently, all related to troubles surrounding his pending bankruptcy petition. Thankfully, he may finally get himself off the front page, at least as it relates to his financial affairs.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Do I need an attorney to file bankruptcy?”

 

A Milwaukee bankruptcy judge has sanctioned a bankruptcy petition preparer after having the woman hauled into court in handcuffs and shackles by the United States Marshals Service.

Paperwork Charlotte Foreclosure Lawyer Mecklenburg Bankruptcy AttorneyThe woman, Katee Sims, faced contempt charges for continuing to prepare bankruptcy petitions for third parties, despite being ordered in July to stop doing so.

Sims said she first got into the business when she was at the courthouse working on her own bankruptcy petition. A man sitting next to her told her he was a bankruptcy petition preparer. Although Sims had filed bankruptcy herself five times, she had no professional experience or training helping third parties prepare petitions.

Nevertheless, she launched a bankruptcy petition preparation business, offering to assist people with filling out bankruptcy forms. Bankruptcy petition preparers are prohibited by federal law from providing any legal advice or answering even basic questions for clients. The Milwaukee Journal Sentinel described petition preparers as “typists.”

The Journal Sentinel reported that, until 2012, the Milwaukee area was a bankruptcy petition preparer hotbed, and had more preparers in business in its federal court district than nearly every other district in the country. Many of these petition preparers charged clients what were seen as excessive fees, and they were accused of submitting bankruptcy paperwork rife with errors.

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