Who is the Bankruptcy Trustee?
When a debtor files for bankruptcy under chapter 7 or 13 of the U.S. Bankruptcy code a “bankruptcy trustee” is appointed by the US trustee. In certain Jurisdictions there are different titles given to the “bankruptcy trustee” but the purpose is the same. Since the US Trustee is unable to personally handle each and every […]
Victims of Improper Bank Foreclosures May Have Help
Thanks to Dan Fitzpatrick of The Wall Street Journal for his August 3, 2011, article, page C3 “Bank of America in Loan-Foregiveness Talks”. As many of you probably know there has been heated litigation concerning mortgage foreclosures in the past several years. Clever foreclosure defense attorneys have been raising arguments like lack of standing and […]
⚖️ Frequently Asked Questions About Bankruptcy
This information is for general understanding only—not legal advice. For personalized guidance, please contact the Law Office of William Waldner. 1. What happens when I file for bankruptcy? Once your petition is filed, an “automatic stay” goes into effect—creditors, wage garnishments, foreclosures, repossessions, collection calls, and even tax-collection activity must stop immediately. Your 341 meeting […]