The Automatic Stay is “Automatic.” Right? Maybe Not.

One of the benefits of filing a bankruptcy petition is that at the moment a debtor files the petition, something goes into effect that is called the “automatic stay.” The automatic stay is a preventative, a “prohibition,” if ...

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What Does A Chapter 7 Debtor Own? At First, Virtually Nothing!

One of the harder concepts to convey to Chapter 7 clients is that, as of the time the bankruptcy petition is filed and perhaps up until the case is closed, the Chapter 7 debtor owns virtually ...

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What The Heck Is Chapter 20??

As a bankruptcy professional, I deal, obviously, with the U.S. Bankruptcy Code on a regular basis.  The Bankruptcy Code (or just “the Code” here) is more formally known as Title 11 of the United States Code, and it is comprised of a ...

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