Chapter 13 Bankruptcy

Rebuilding Credit Score After Bankruptcy

As Knoxville bankruptcy attorneys one thing we know for sure is that the ill effects of bankruptcy can be devastating for your credit score. However you CAN rebuild your credit after bankruptcy. Here are some tips. Read the rest of this entry »

Bankruptcy and the Federal Trade Commission

Bankruptcy is impacted by the FTC in its enforcement of the Fair Debt Collection Act. This Act is designed to help consumers, but doesn't always do so. Read the rest of this entry »

Do I have to pay my bills during a Chapter 7 or Chapter 13 bankruptcy?

If you are filing bankruptcy in Knoxville, you may still need to pay some of your bills. Attorney Dan Scott explains which bills to pay and which to ignore in your Chapter 7 or Chapter 13. Read the rest of this entry »

What is the Rule on Preferential Transfers

What is a Preferential Transfer? Can the Trustee recover payments made to your creditors during the 90 days before you file your case? Read the rest of this entry »

Can I Repay Family Members in Bankruptcy

Can the Chapter 7 Trustee recover money paid to your family members? Here's a quick video that answers that question. Knoxville - Sevierville bankruptcy attorney Dan Scott provides helpful guidance on bankruptcy questions. Read the rest of this entry »

Can I File Bankruptcy in Knoxville Without My Spouse?

If you are concerned about the many debts of your husband or wife, perhaps you may be asking, "Can I file bankruptcy without my spouse?" Knoxville - Sevierville Bankruptcy Attorney Dan Scott answers that question in this quick video. Read the rest of this entry »

Bankruptcy on the Horizon? Beware of Transferring Assets

Bankruptcy on the horizon? Don't sell or transfer assets except for fair value. You may risk your bankruptcy discharge. Read the rest of this entry »

In Bankruptcy: Avoid Danger, Disclose All Your Assets to the Chapter 7 Trustee

I’m often asked, “Do I have to disclose that?” The question arises when folks are trying to come up with a plausible way to conceal an asset that has special value either in money or otherwise.

The answer is always, “In bankruptcy, you better disclose all your assets to the Chapter 7 Trustee.” The Bankruptcy Code requires the debtor to make a full and complete disclosure of all assets and all liabilities in the bankruptcy papers. Coupled with that requirement is the requirement to disclose all transfers of your property in the last year. One of the roles of the bankruptcy trustee is insure that the debtor discloses all of their assets. The purpose of the system is to provide for an orderly and fair distribution of assets to the unsecured creditors.

Despite repeated admonitions to disclose all assets some folks try to trick the system. Vicki Jean Fehrs is one of those people.

She filed her bankruptcy case in 2005 in Idaho but failed to make a full disclosure on her Read the rest of this entry »

How to Modify a Chapter 13 Bankruptcy Repayment Plan

When your life circumstances change you may need to modify your Chapter 13 plan. Knoxville ttorney Dan Scott explains what is next in your bankruptcy case. Read the rest of this entry »

Keep Your Home with a Chapter 13 if Your Plan is Feasible

If you are behind on your house payments, you can stop the foreclosure by filing a Chapter 13 bankruptcy. Then you just make payments inside your case under your Chapter 13 plan. Read the rest of this entry »