Can I File Bankruptcy Without My Spouse?

The short answer to this question is yes. One important thing to remember here is that debt will only be discharged in bankruptcy with respect to the individual who filed bankruptcy! In other words, if one spouse does not wish to file but has joint credit card debt with the filing spouse, the credit card …

What Is a 341 Meeting?

Last month I wrote an article telling you a little about the bankruptcy trustee.  I mentioned something called a 341 meeting and many of you wanted me to explain more about it. A 341 meeting, also called a First Meeting of Creditors, must be held in every bankruptcy case.  The Bankruptcy Clerk of Court will usually schedule …

Foreclosed Homes Account for 25% of Sales

Foreclosed Homes Account for 25% of Sales One out of every four homes sold during the third quarter of 2010 had been foreclosed on according to RealtyTrac.com.  That is an amazing statistic if you stop and think about it.  The average sale price of those foreclosed properties was 32% below the average sales price of …

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