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David Romito - ArticlesDavid Romito is a Bankruptcy Attorney handling matters in Pittsburgh and the Western District of Pennsylvania. For more answers to your bankruptcy questions, please visit his website at Pittsburgh Bankruptcy Attorney .
Chapter 7 Bankruptcy Process and Procedure: A SynopsisWhat happens in a bankruptcy filing? Here is a general overview of the process. Married but Filing Bankruptcy IndividuallyBankruptcy filings occur every day, but it is not very often that only one spouse files a bankruptcy. In that instance, there are issues such as income that need to be addressed. Chapter 7 vs. Chapter 13: Which one is right for me?The differences between Chapter 7 and Chapter 13 Bankruptcy? Under Chapter 7, debtors pay back little or none of their unsecured debts while under Chapter 13, debtors pay at least twenty percent of unsecured claims. Bankruptcy and the High Cost of Credit CardsThe high cost of Credit Cards can lead to Bankruptcy. High interest, late fees, cash advance charges all add up quickly to the point of no return. “Abuse” Under Section 707(B) Of The Bankruptcy Code – An ExplanationThe “Abuse” provisions of the new bankruptcy law create traps for the unwary. Debtors must fully understand the new section 707(b) before proceeding with a chapter 7 filing. The Us Trustee’S Role In A Chapter 7 Bankruptcy CaseWhat is the role of the US Trustee in a Chapter 7 Bankruptcy case? First and foremost, it is to make sure that your bankruptcy filing complies with the requirements of the Bankruptcy Code. The Chapter 7 Discharge: What Debts are not Eliminated?Many people are familiar with the most common categories of debts that may be discharged in Chapter 7 bankruptcy. These include credit card account balances, medical bills, old utility and phone bills, and unsecured personal loans. What are not so well known, however, are the types of debts not eligible for discharge in Chapter 7 bankruptcy. Role of the Chapter 7 Bankruptcy TrusteeA trustee is assigned to every Chapter 7 Bankruptcy case. The trustee acts as a quasi-judge and makes all of the legal decisions regarding your filing. The Chapter 7 Bankruptcy Means TestFederal law sets forth that not everyone can file for Chapter 7 Bankruptcy protections. First, an individual must qualify under the "means test". Chapter 7 Bankruptcy ExemptionsThe following is a discussion regarding the asset exemptions that are in place regarding a Chapter 7 bankruptcy. These exemptions are the assets/amounts that you are entitled to keep when you file for Chapter 7.
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