Tuesday, May 12, 2015

BANKRUPTCY UPDATE

There are two types of debts in bankruptcy,  secured or unsecured,  and secured debts are those that have collateral attached to them such as a house or car.   Filing of list, schedules, and statement are dismissed if not file with the petition or filed within 14 days of the petition.  The court will automatically dismiss any case not following procedures.  Remember that all states have local state rules when you file bankruptcy.