If a debtor chooses to file bankruptcy he/she files a voluntary petition for bankruptcy with the court.&nbsp; If a creditor attempts to force an individual into a bankruptcy it is considered involuntary.&nbsp; Basically, this happens when a creditor feels that the only way they will recover anything from the debtor is to force them into bankruptcy.&nbsp; At this point, the creditor will file a motion with the court.&nbsp; If the court grants this motion the debtor is required to proceed with the bankruptcy. &nbsp; If a debtor receives notice of an involuntary bankruptcy and does not wish to be in bankruptcy, he/she should contact an attorney as soon as possible.&nbsp; It is possible to defend against this motion, but there is a very small window of time to respond.&nbsp; If you do not respond in time the court may grant the motion.&nbsp; If a debtor does win his/her case and does not have to file for bankruptcy he/she may be able to get the costs of attorney's fees and the defense reimbursed.<br />This may all sound frightening; however, there are certain minimum amounts of debt.&nbsp; A creditor cannot just force anyone into a bankruptcy.&nbsp; Minimums depend on whether a debtor has a business or it is simply personal. &nbsp; Importantly, and involuntary bankruptcy cannot be filed as a Chapter 13.&nbsp; Depending on your situation, you may prefer, or need to file a Chapter 13.&nbsp; The long and short is, if you get notice of an involuntary bankruptcy proceeding, you should contact an attorney as soon as possible.&nbsp; It may be in your best interest to file for bankruptcy, and that is something an attorney can help you determine.&nbsp; Whether you want to defend against an involuntary case, or consider a voluntary bankruptcy, it is always a good idea to speak with an experienced attorney.<br />There is another circumstance where debtor(s) may find themselves in an involuntary bankruptcy.&nbsp; Any time an individual files for bankruptcy the bankruptcy trustee has the ability to look into financial records, <a title="Missouri Bankruptcy Exemptions" href="http://www.lickerlawfirm.com/blog/missouri-bankruptcy-exemptions.cfm">assets</a>, and property.&nbsp; If the bankruptcy property finds an asset (that could be a house, cars, property, money, etc.) particularly one that was not properly disclosed or valued on the petition, you may be held in an involuntary bankruptcy.&nbsp; As a general rule, a debtor has the right to dismiss their case at any time, however, as stated, if the bankruptcy trustee determines there are assets that could be liquidated to pay some of your debts you may not be able to dismiss your case.<br />If you have any questions, or would like to set up a free consultation, contact a <a title="St. Louis Bankruptcy Attorney" href="http://www.lickerlawfirm.com/">St. Louis Bankruptcy Attorney </a>today.<br />

After a long weekend with 900 bankruptcy colleagues, I’ve been thoroughly reminded about all that remains to be learned about this marvelous profession.  What did I learn, and what was missing? I took my first bankruptcy case 32 years ago, and looking back, I blanch at what I didn’t know then.  Even now, I see new angles, new complexities in a law I’ve been reading almost daily for more than 3 decades. An Ocean Of Education Lots of the learning this  weekend happened in the formal presentations by judges and law professors at the NACBA 20th annual convention in San Antonio. Almost every panel chaffed against the constraints of time.  Even subjects that seemed tidy and discrete threatened to overflow the allotted time. But perhaps equally useful and stimulating was the learning that went on around the tables and in the hallways, where my teachers were my friends, old and new, from around the country.  I’d hear that “my judge does it this way” or “I’m bringing cases that argue that”. Someone would lean over and show me a software program or an operating system trick that saved time or filled a need.  I tried live blogging, until the interest in the endeavor crashed our host’s server and they shut us down as a nuisance<g>. Of course, no program is perfect.  There was a critical piece of the puzzle that was missing from the weekend. What We Missed In San Antonio What didn’t get much play in San Antonio was the nitty-gritty issue of finding clients and making a living in the bankruptcy business.  It doesn’t matter how well you know the Code; if you can’t draw people who both need you and can pay the freight for a fresh start then you’re engaging in an academic, rather than a commercial, endeavor. There was a marketing discussion but, as I’ll leave to Jay when he’s ready to speak on the subject without hyperventilating, it was woefully inadequate. Some of the information provided was questionable, at best.  Some of it could land an attorney in an ethical quandary if taken literally. Here’s The Missing Piece – Your Cure For An Ailing Bankruptcy Practice On June 9, 2012 Jay Fleischman and I will join forces at the Crowne Plaza Hotel – St. Louis Airport in (obviously) St. Louis for the Bankruptcy Practice Workshop, a day-long intensive live educational experience that happens to suffer from an exceptionally boring name.   Brush aside boredom, and fend off involuntary dieting.   Sharpen your skills by learning: how to attract more clients how to ensure that your website is designed for maximum usability and conversions how to get paid what you’re worth – not what the court arbitrarily sets as your “no look” fee how to create online content that convinces your visitors to work with you – not your competition – while improving your search engine placement how to use the most important WordPress plugins more effectively how to build a profitable network online and offline how to compete where the world seems to be a race to the bottom of the fee scale how to budget your time among social and business media platforms how to unearth the hidden gems in Adobe Acrobat to make your life easier how to stack your office with low cost/high return products and procedures how to grow your referral base quickly and easily and more As a reader of Bankruptcy Mastery, you can save $100 off the registration price when you use the Promo Code bkmllp at checkout. You can learn more about the Bankruptcy Practice Workshop by clicking here. For now, I’m back to my convention materials, trying to transfer an ocean of information to my head with a teaspoon. Like This Article? You'll Love These! Bankruptcy Mastery Will Provide Live Coverage Of NACBA San Antonio Convention Stripping in San Antonio NACBA San Antonio: Marketing A Bankruptcy Practice

Here’s what I would have blogged live if the interest in our live blogging hadn’t crashed the server and required uninstallation of the software that would allow us to be really live. Honorable Robert Berger, KC KS; James Molleur counsel in Pratt case Long standing problem, previously with cars, now endemic with housing. Surrender shows up lots of places in Code. Doesn’t mean they have to turn collateral over to creditor, just make it available to creditor.  What does surrender mean when creditor ignores it?  Court in Pratt and Rash repeat: “you can always surrender.” Pratt court created a theory of objective coercion. Page 198-199 discussion of the theory. Debtor filed statement, made it available to creditor, couldn’t junk it,  Judge noted behavior of mortgage lenders who in absence of reafffirmation won’t speak to debtor or send mortgage statements. Equally coercive.   Real Estate Molleur: when clients simply want to move on and shed the house, if the creditor doesn’t take it back, the property acrues taxes, sewer charges, water fees, property needs to be winterized, secure it against break in. Liability for personal injury remains and insurance companies won’t insure a vacant property. HOA dues continue to accrue. Berger decided that the non dischargeable HOA fees did not entitle the HOA to attorneys fees for the HOA; notes that there is little guidance in Colliers or anywhere else. He filed the Canning case for Chapter 13 debtors with huge HOA fees for an old building with huge maintenance costs. Judge: food for thought about using 363 sales for the value of the collateral. Chapter 13 debtor can use the other powers of the Code. Judge thinks the trustee and the debtor in 13 hold the Chapter 5 powers concurrently. Look at Chapter 13 beyond just the confirmation issues. Molleur: ideas for dealing with surrender issues In his area, the courts don’t allow forced short sales under 363 short sales deeds in lieu Chapter 13 plan language, requiring lender to X (to accept deed, perhaps) r/s order requiring lender to take certain action deed house to homeless person municipal ordinances that penalize or hold lenders discharge injunction violation Canning run down house on river in Sanford, ME. Debtors elected to surrender and moved out. A foreclosure was commenced then dismissed the foreclosure. Creditor sent letter to debtor (in materials page 206 of materials) indicating they wouldn’t foreclose or pay taxes and insurance. Molleur claimed it was discharge injunction violation.   He tried it on stipulated and facts and now thinks having trial testimony on some of these subjects. What he wished he had was testimony on the motivation of creditor in doing nothing. HSBC claimed this was too quick to claim Pratt and that real estate always has some value, distinguished from the worthless car in Pratt.  He got award of damages for dunning letters saying that debtors had to pay.   Tips:  have evidentiary hearing and get motivation testimony.  Have a Chapter 13 sale plan with an eye on Espinosa.       Like This Article? You'll Love These! Struggling with “adequate protection” Surrendering Property in Bankruptcy Here’s How To Charge More For A “Simple” Bankruptcy Case

Welcome to the 20th annual NACBA convention, here in San Antonio, TX.  We’ll be live blogging much of the convention over the next few days, so stay on this site for all the updates. [liveblog] Like This Article? You'll Love These! Bankruptcy Mastery Will Provide Live Coverage Of NACBA San Antonio Convention Bankruptcy Lawyers Convene [...] Like This Article? You'll Love These! Bankruptcy Mastery Will Provide Live Coverage Of NACBA San Antonio Convention Bankruptcy Lawyers Convene in San Francisco Blog Heaven

Often times, when considering filing for bankruptcy, people are concerned with the perceived stigma  around filing for bankruptcy and/or who might find out that they have filed. First, let's address the perceived stigma of filing for bankruptcy.  In 2011 alone over 1.5 million people filed for bankruptcy.  This number has doubled since 2007.  Bankruptcy filings go hand in hand with the economy.  In a struggling economy it can be very difficult to find gainful employment, to remain employed, and even to pay bills that keep piling up.  Often times debtors have been struggling for some time and there is one major event or issue that pushes them over the top, whether it is a medical issue, losing a job, a law suit, or even having a child.  When it becomes to much to handle you do have legal options and we are here to help.Though pursuing an legal option to eliminate debt, many people are still concerned with  who might find out.  A bankruptcy filing is a matter of public record, so the short answer, is that anyone that goes digging will be able to find out.  Perhaps the most important question to ask is not who could find out, but who would care.  Chances are you neighbors are not sifting through piles of public records daily just to see what you are up to. All of your creditors that are listed will get notice of you bankruptcy proceeding.  The court, the local trustee, and the United States Trustee's office will all get notice.  Not to worry, all of these people get notice of every bankruptcy filing. Some prospective employers may ask if you have ever filed for bankruptcy.  We recommend that you are honest, and for many employers, this may not bar you from employment, they may just want further explanation.  Conversely, if you lie on your application and you employer finds out, even years after you are employed, they may be able to fire you for lying on your application.  It would be much better to disclose the information, if asked, in the very beginning then to have to explain both the bankruptcy and deceit later on.Some mortgage lenders and rental properties will ask if you have filed for bankruptcy.  There is not an automatic bar on purchasing a house after you file for bankruptcy, but it is something your lender may want to know.  Chances are, they will find out anyways when they evaluate your credit worthiness so it would be better to tell them up front so you can be properly advised from the beginning.  There may be some apartment complexes that will not rent to you if you have filed for bankruptcy.  However, there are many that will rent to you, even immediately after filing for bankruptcy.  This will be up to each individual company and may vary by location.  The best advice is to be honest if asked.If you have questions, or would like to set up a free consultation, contact a St. Louis Bankruptcy Attorney today.

Often times, when considering filing for bankruptcy, people are concerned with the perceived stigma&nbsp; around filing for bankruptcy and/or who might find out that they have filed. First, let's address the perceived stigma of filing for bankruptcy.&nbsp; In 2011 alone over 1.5 million people filed for bankruptcy.&nbsp; This number has doubled since 2007.&nbsp; Bankruptcy filings go hand in hand with the economy.&nbsp; In a struggling economy it can be very difficult to find gainful employment, to remain employed, and even to pay bills that keep piling up.&nbsp; Often times debtors have been struggling for some time and there is one major event or issue that pushes them over the top, whether it is a medical issue, losing a job, a law suit, or even having a child.&nbsp; When it becomes to much to handle you do have legal options and we are here to help.<br />Though pursuing an legal option to eliminate debt, many people are still concerned with&nbsp; who might find out.&nbsp; A bankruptcy filing is a matter of public record, so the short answer, is that anyone that goes digging will be able to find out.&nbsp; Perhaps the most important question to ask is not who could find out, but who would care.&nbsp; Chances are you neighbors are not sifting through piles of public records daily just to see what you are up to.&nbsp;<br />All of your creditors that are listed will get notice of you bankruptcy proceeding.&nbsp; The court, the local <a title="Who is the trustee?" href="http://www.lickerlawfirm.com/blog/bankruptcy-trustees.cfm">trustee</a>, and the United States Trustee's office will all get notice.&nbsp; Not to worry, all of these people get notice of every bankruptcy filing.&nbsp;<br />Some prospective employers may ask if you have ever filed for bankruptcy.&nbsp; We recommend that you are honest, and for many employers, this may not bar you from employment, they may just want further explanation.&nbsp; Conversely, if you lie on your application and you employer finds out, even years after you are employed, they may be able to fire you for lying on your application.&nbsp; It would be much better to disclose the information, if asked, in the very beginning then to have to explain both the bankruptcy and deceit later on.<br />Some mortgage lenders and rental properties will ask if you have filed for bankruptcy.&nbsp; There is not an automatic bar on purchasing a house after you file for bankruptcy, but it is something your lender may want to know.&nbsp; Chances are, they will find out anyways when they evaluate your credit worthiness so it would be better to tell them up front so you can be properly advised from the beginning.&nbsp; There may be some apartment complexes that will not rent to you if you have filed for bankruptcy.&nbsp; However, there are many that will rent to you, even immediately after filing for bankruptcy.&nbsp; This will be up to each individual company and may vary by location.&nbsp; The best advice is to be honest if asked.<br />If you have questions, or would like to set up a free consultation, contact a <a title="St. Louis Bankruptcy Attorney" href="http://www.lickerlawfirm.com">St. Louis Bankruptcy Attorney</a> today.<br />

Myths and Truths About Chapter 13 Bankruptcy:  Part I Many people who are considering filing bankruptcy have misconceptions about bankruptcy.  They may have heard things from friends and family members that may make them apprehensive about filing a Chapter 13 bankruptcy.  Below please find some common myths about Chapter 13 and the truths associated with those myths.1.  Myth:  When a debtor is in a Chapter 13 bankruptcy, the Trustee will check monthly bank statements and check every expenditure a debtor makes for the life of the Chapter 13 Plan.Truth:  At the time of the filing of the bankruptcy, the Debtor is required to disclose on Schedule B of the bankruptcy petition how much money they have in the bank.  However, in a Chapter 13, the Trustee will not require a copy of the bank statement.  The Trustee will not check a debtor's monthly bank statements for the entire 36 to 60 months the debtor is in the plan.  A debtor is required to list their income and expenses when the bankruptcy is filed, and the Trustee assumes that is the average that is being earned and spent on a monthly basis unless the Debtor amends those schedules. 2.  Myth:  When a debtor is in a Chapter 13 bankruptcy and they need a different vehicle, they will not be able to purchase another vehicle while in the Chapter 13 Plan.Truth:  Chapter 13 plans range in length from 36 to 60 months.  In that time period, a person's car may need to be replaced because of a car accident, repairs to the vehicle are more expensive than the value of the vehicle, or a vehicle becomes too old and cannot be repaired.  If that happens and the debtor wants to purchase a vehicle without a loan, they can do so without Trustee permission.  If the debtor wishes to retain a vehicle loan on a different vehicle, they must request permission from the Trustee to do so.  This is called a "Motion to Incur Debt".  The debtor should contact their attorney and have them file this motion.  The motion must list the year, make, model, and miles of the car they wish to purchase or a similar vehicle in that condition.  It should also describe the down payment, the interest rate, the monthly payment, and the total amount of the loan.  The Trustee has 21 days to object once the motion is filed.  If they do not object, the vehicle may be purchased.  If they object, the motion can be amended and resubmitted.  The Trustee understands a debtor needs a vehicle and will work with debtors and their attorney so they have transportation.If you have any questions, please contact a St. Louis or St. Charles bankruptcy attorney.

You decide filing bankruptcy is the right decision. You seek out an attorney and decide that the attorneys at Licker Law Firm can best serve your needs….You come in and we go over your options and give you some “homework” on information to provide in order to prepare your petition. We ask for paycheck stubs, taxes, information about your expenses, personal property and your creditors. Then you think…. “Well wait a minute, if I am doing all of this work, why do I need an attorney?”The bankruptcy petition that has to be filed is the same whether you are represented by an attorney or not. You are held to the same standard. There are many forms, schedules and statements that must be filed. If they are not filed, the court can dismiss your case. If that happens you are now out court costs, still have the debt, and would have to pay court costs again to refile.You are signing all of your documents under penalty of perjury that they are true and correct.The exemptions available to protect your property change based on certain informationTrustee can liquidate property that is not protected under the bankruptcyIn short, it is not worth the risk of having all of these issues. You want a fresh start so hire an attorney and make sure it is done right the first time.Keep in mind the attorney has no way of knowing personally what debt or property you  have accumulated. While we can run a credit report to get you started, there is still some work that goes into filing for bankruptcy.All in all, the amount of work that is required certainly worth getting rid of your debt! 

What happens if no proof of claim is filed by my creditor(s)?The answer to this greatly depends on two thingsAre you in a Chapter 7 or a Chapter 13?; andIs the creditor an unsecured creditor, a priority creditor or a secured creditor?In a Chapter 7, the filing of a proof of claim by a creditor is not a concern for the debtor. In fact, in most Chapter 7’s the creditors are not even asked to file a proof of claim. The only time they are told to file a proof of claim is when it is an asset case. This means that the trustee has some money and/or property for liquidation that will be spread out pro rate to creditors that file a proof of claim.In a Chapter 13 case, unsecured creditors importance of a proof of claim is similar to that described above for a Chapter 7. If there is an distribution to unsecured creditors, they would not receive anything unless a proof of claim is filed. However, this is not something that the Debtor needs to be concerned with.Of greater importance is the filing of a proof of claim for secured and priority creditors in a Chapter 13. A Chapter 13 plan includes payment to secured and priority creditors. Your plan payment is partially based on these debts.For example, your car loan is included in the plan. If you make your plan payment every month to the trustee as you are required for the entire length of your plan then your car would definitely be paid off right? Wrong in certain circumstances.If your car creditor never files a proof of claim, then the trustee never sends them money. What this means for you is that at the end of your Chapter 13 plan you still owe debt on your car and the trustee likely sent that money to other likely unsecured creditors who DID file a proof of claim. 

Myths and Truths About Chapter 7 Bankruptcy:  Part I Many people who are considering filing bankruptcy have misconceptions about Chapter 7 bankruptcy.  Below please find a common myth about Chapter 7 and the truth associated with that myth.1.  Myth:  Debtors in a Chapter 7 bankruptcy must turn over their tax refunds for many years or forever after the filing of the bankruptcy.Truth:  A Chapter 7 debtor usually receives their final discharge three to four months after the date of filing.  If a Debtor has received his/her tax refund before filing and has spent the refund on legitimate expenses, they will not be required to surrender their tax refund.  The Trustee may inquire about the purchases made with the refund so a debtor should be able to explain where the money was spent.  If the Debtor either has a tax refund pending or has received the refund but has not yet spent it, the debtor may have to turn over all or a portion of the tax refund if it cannot be exempted under the wildcard or head of household exemptions.  A debtor may not wait to file their taxes until after the filing of the bankruptcy in order to be able to retain the refund because the Trustee will wait until the taxes are filed and the refund has been received to collect the amount that cannot be exempted and close out the case.  That can prolong the bankruptcy discharge.  The Trustee will take no interest in any future tax returns in the years after the filing of the bankruptcy.  When a debtor files a bankruptcy beginning in approximately August or September through December, the Trustee can take an interest in a portion of the tax return the debtor will receive the following year because they have worked the majority of the year at that point.  The Trustee will advise if they wish to do so.  The Trustee will only take an interest in that one year and will not claim an interest in any future tax refunds.  In short, the Trustee will take an interest in one tax year at most but will not expect debtors to turn over their tax refunds for years or forever after the filing.  The exception would be if the debtor files his/her taxes for multiple years around the time of the filing.  Any refund received under those circumstances would be subject to the bankruptcy exemptions and may need to be turned over if not able to be exempted under the wildcard or head of household exemptions.If you would like more information about this, please contact a St. Louis or St. Charles bankruptcy attorney.