Blog

Latest Blog Posts

Cryptocurrency: Can the Bankruptcy Trustee Take My Bitcoin?

More people than ever are investing in cryptocurrency. Increased accessibility has made this category of volatile asset intriguing even to some that are technologically averse. As I write this, Dogecoin is hitting new highs, while one Bitcoin is valued at over $60,000 and hundreds of other “altcoins” are bought and sold on exchanges such as … Continue reading Cryptocurrency: Can the Bankruptcy Trustee Take My Bitcoin?

COVID “Relief” Bill Offers Little For Individuals

Some of my potential clients have been expressing hope that Congress would deliver substantial relief that would allow them to stave off bankruptcy. Unfortunately, it appears that the current relief bill will only offer minimal help for individuals. The most relevant provisions for my clients are the $600 direct relief payment and the $300 increase … Continue reading COVID “Relief” Bill Offers Little For Individuals

Chapter 7 Meeting of Creditors – What Will the Trustee Ask?

The Chapter 7 Meeting of Creditors (a/k/a the 341 meeting) takes place about a month after the case is filed. At this meeting, the trustee assigned to the case asks questions of the filer relating mostly to assets and transfers. Most of the questions are a review of information already provided in the filed bankruptcy … Continue reading Chapter 7 Meeting of Creditors – What Will the Trustee Ask?

Bankruptcy Credit Counseling Requirements – An Easy Hoop to Jump Through

Virtually all individuals who file for bankruptcy must complete a pre-filing and a post-filing credit counseling course to be eligible to file and obtain a discharge of debts. These courses are usually completed on the internet, though telephone and in-person options are available. Each course typically lasts around 2 hours. There are many providers that … Continue reading Bankruptcy Credit Counseling Requirements – An Easy Hoop to Jump Through

Insider Creditors – Don’t Repay Money Owed To Mom and Dad (yet)

In general, if you are even remotely considering bankruptcy as a solution, you should consult with an attorney before making any financial decisions because the law can affect you and those you care about in surprising ways. If you owe money to family and/or friends, it is natural to want to take care of them … Continue reading Insider Creditors – Don’t Repay Money Owed To Mom and Dad (yet)

Loading…

Something went wrong. Please refresh the page and/or try again.


Blog Categories

Get in Touch

email: mike@mfbarrettlaw.com

phone: (716) 427-3880