As many of you know, I am a bankruptcy attorney. I started out representing people in obtaining bankruptcy relief. For the last five years, I have been representing mortgage creditors in consumer cases. Well...back in the saddle again. Next week I start a new job where I will, once again, represent people seeking bankruptcy protection. It should be interesting.
No kidding, I always thought your username said "Repoman". :grin: Congrats, sir. Don't look for me, please.
Thanks Max. No time to ease into it. I have a confirmation docket and a hearing on 15 motions to sub counsel all on my first day. I love being in the bankruptcy courtroom.
Walk us through the personal bankruptcy process. What kind of metrics or percentages do you use to determine if someone should file, particularly if they're still working and have cash coming in? What kind of ethical dilemmas do you run into as a mortgage creditor rep vs. a debtor advocate?
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That is a very complex question. There really is no numerical matrix to determine whether somebody can file. It depends on the monthly budget and the statutory means test. The types of debts and relief needed along with the budget info will cause a legal professional to determine whether a Chapter 7 or a Chapter 13 is appropriate, or whether the individual should file at all. The process is very different in a Chapter 7 or a Chapter 13. If you think you may need to file a bankruptcy case, seek the advice of a qualified bankruptcy law firm. Most bankruptcy firms will offer a free consultation. I wish you nothing but the best.
