from the Bankruptcy Reader blog Why is America leading the world in bankruptcy filings? Is it our mind-set? Is it our need to acquire everything we didn’t have when we were younger?Each year, bankruptcy filings in the United States more than double the total number of filings during the entire Great Depression. A study done...Read More
General Order 07-01 For all Chapter 13 cases filed on or after October 17, 2005 the debtor must file a Declaration Regarding Domestic Support Obligations to receive a discharge. In joint cases, each debtor must file and complete a separate form. The form(s) must be filed at the time that the Chapter 13 trustee indicates...Read More
In re Richie, 353 B.R. 569 (Bkrtcy.E.D.Wis. 2006). (Pepper, Judge). Debtor who lacks the ability to repay creditors because she has not engaged in a broad employment search, does not wish to work outside her chosen field, does not wish to work within her chosen field outside of southeastern Wisconsin, and takes this position at...Read More
In re Lasota, 351 B.R. 56 (Bankr. W.D.N.Y., 2006) (Kaplan, Judge) Resolving a question raised by §1325 Debtors had $1200 monthly surplus over and above what Form 22C determined as “current disposable income.” That surplus is seen only on Schedules I and J. The Debtors wish to put that excess in the bank to build...Read More