As with most issues, the answer to this question is it depends. Income is a huge factor in budgeting. Before your free bankruptcy consultation, attorney Marcia Moellring requests clients fill out a budget worksheet. This allows her to analyze a person’s specific situation and determine if bankruptcy is an appropriate option. Some people can be helped by prioritizing their income distribution or finding ways to cut back expenses. If a creditor action is severe, a chapter 13 repayment bankruptcy … [Read more...]
CHAPTER 7 vs. CHAPTER 13 BANKRUPTCY
I am often asked, what is the difference between chapter 7 and chapter 13 bankruptcy? Chapter 7 is a type of bankruptcy in which a debtor gets a fresh start. Chapter 13 is a type of bankruptcy in which a debtor pays all or a portion of his debt in a plan. CHAPTER 7 There are many factors which determine which type of bankruptcy is best for an individual. First, if a debtor has previously filed a chapter 7 bankruptcy, she must wait 8 years before filing another chapter 7. Second, high … [Read more...]
Do I have to go to Court to file Bankruptcy?
While there are instances where a court appearance may be required, most Debtors never have to appear in front of a Judge. The only appearance that every Debtor filing bankruptcy must make is to the creditors’ meeting. Creditors’ meetings generally take place at a courthouse, but you don’t appear in front of a Judge. Instead, the meeting is conducted by a bankruptcy Trustee, a court-appointed attorney. What is a Creditors’ Meeting? After filing bankruptcy, you will be scheduled to attend a … [Read more...]
Why hire an attorney for your VA claim?
In June of 2007 veterans gained the right to hire an attorney to represent them at the Regional Office and the Board of Veteran’s Appeals. The attorney will provide assistance in the filing of the appeal and provide representation at Decision Review Officer hearings or Board of Veterans Appeals hearings. If need be, an attorney can appeal a BVA decision to the Court of Appeals for Veteran’s Claims and the Federal Circuit. Choosing which attorney to represent you before the VA is important … [Read more...]
TDIU vs. 100% Schedular Rating
VA compensation benefits are generally rated on a schedule between 10 and 100, depending on the disability and degrees of disability. However, in VA world the combination of the ratings is not a simple matter. To most of us, 30 + 20 = 50. in VA world, 30% + 20% = 40%. The reason for the unique combination of ratings according to 38 C.F.R. §4.25 is that, “the consideration of the efficiency of the individual as affected first by the most disabling condition, then by the less disabling … [Read more...]
