Most people, including attorneys, do not fully grasp the power of a Chapter 13 bankruptcy. It is quite amazing how so many problems can be handled with such bankruptcy. Nothing else even comes close; not a Chapter 7 bankruptcy nor a Chapter 11 proceeding. The reason a Chapter 13 …
Chapter 13 Articles
What is the Foreclosure Process in Nebraska?
For better or worse, Nebraska allows mortgage companies, banks, and other lien holders to foreclose on real property without a court proceeding. The authority that provides for non-judicial "mortgage" loans is found at Neb. Rev. St. § 76-1018 et seq. and is commonly referred to as …
How Can I Afford Bankruptcy if I’m Broke?
Bankruptcy is affordable and offers lasting protection if carefully planned. It's the classic Chicken and the Egg problem. I need to file for bankruptcy but I can't afford to file. It's just too expensive. I need a cheap and affordable option. Chapter 13 is sometimes the best …
Business Bankruptcy Options in Omaha
What is Business Bankruptcy? Business bankruptcy is a topic frequently misunderstood. Sometimes, a corporate bankruptcy filing is what is meant. In other words, the corporation itself files bankruptcy, not the individuals that own the corporation. Corporations may generally file a …
What Are the Defining Characteristics of Chapter 13 Bankruptcy?
Do you know what the difference is between Chapter 7, Chapter 11, Chapter 13, and all other types of bankruptcy? Unless you are a legal expert, probably not. If you are facing the possibility of filing for bankruptcy, however, it is imperative that you understand the different …
Chapter 13 Bankruptcy in Nebraska
A Chapter 13 bankruptcy requires monthly payments for a period of 36 to 60 months. Contrary to popular belief, Chapter 13 bankruptcies are very effective and provide an affordable option for people to reduce and consolidate their debts. In many ways, a Chapter 13 is everything that …
Divorce Property Settlement Wiped Out in Bankruptcy
Schultz versus Schultz. Mr. and Mrs. Shultz were going through a divorce in the District Court of Buffalo County, Nebraska. On August 30, 2011, the court enters an order that provides: To equalize the division of the property of the parties and allocation of the indebtedness to be …
Using State of the Art Technology for Chapter 13 Plans in Omaha
In the beginning, Omaha bankruptcy attorneys used typewriters Not so many years ago, when George H.W. Bush was still president, most bankruptcy attorneys in Omaha used typewriters and a lot of carbon paper to prepare bankruptcy petitions. The year was 1989 when I prepared my first …
Critical Considerations When Choosing a Chapter 13 Bankruptcy Attorney
Filing a Chapter 13 bankruptcy is not only important in and of itself, it also establishes a 3 to 5 year relationship with a Chapter 13 attorney and his or her office. This is something to seriously consider and contemplate before making a decision as to what Omaha bankruptcy …
Filing a Chapter 13 Bankruptcy Will Stop a Foreclosure Sale
Yes, it's true. A Chapter 13 bankruptcy will STOP A FORECLOSURE SALE. Chapter 13 bankruptcy is the Swiss army knife of the bankruptcy world. Although it seems kind of weird to get excited about the power of a Chapter 13 bankruptcy, when I started my career as an Omaha bankruptcy …