Friday, May 18, 2012

Welcome to the "Reader Top Rated" Bankruptcy Blog

Welcome. I'm Virginia bankruptcy lawyer Robert Weed. Thanks for visiting me.

I started this blog for my bankruptcy clients. When I explain something, I like to give people a written version, too; so they can refer back to it later. When I answer an email, I try to include a link to more information, for people who want to understand more.

My clients tell me that's very helpful. I think it's my job.

I was surprised that people all over the county started reading my blog. Hundreds of people now read something here every day! Someone told me recently that I "explain things very clearly for a lawyer." That made me smile. I'm glad to answer questions from all across the country--as well as I can. (Bankruptcy is a mix of federal and state law, and the only state law I am qualified to talk about is Virginia. Different judges around the country see things differently. I only know the two judges here in Alexandria, Virginia.)

I like explaining the law--it's one of the things lawyers should do. If my explanations are helpful to you, I'm glad.

Virginia bankruptcy attorney robert weed



P.S. To my readers around the country, please keep in mind that I cannot give you legal advice. My answers here on this blog may help you think of things to talk about with YOUR LAWYER. DO NOT TRY TO BE YOUR OWN LAWYER, based on anything you read here. That would be a really bad idea.

Bankruptcy Dismissed: Is that a bad thing?

by Robert Weed on May 1, 2012

“Angie” filed a bankruptcy a couple years ago with some other lawyer.  Her case was “dismissed.”  She emailed me yesterday, looking for a lawyer she could “trust.” “I filed two years ago and my lawyer filed too early from my one years [...]

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Virginia Bankruptcy Exemptions

by Robert Weed on April 21, 2012

“What will they take?” When you file a Chapter 7 bankruptcy, the Chapter 7 trustee can take and sell your non-exempt assets.  (The proceeds are used to pay your creditors.) Most people don’t have “non-exempt” assets, so the trustee doesn’t [...]

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My name is Lori Rupp and I’m Mr. Weed’s Chapter 13 paralegal. I’ve been a bankruptcy paralegal since 1998 and before I worked for Mr. Weed I even worked for a Chapter 13 Trustee in Michigan for two years. Chapter [...]

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After Bankruptcy: Suing Navy Federal

by Robert Weed on April 14, 2012

We sue debt collectors and creditors a dozen times a month for doing illegal things to our clients–before bankruptcy or after the bankruptcy. We don’t make a lot of money doing that.  But I think big companies can act like small [...]

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At your bankruptcy hearing, you are supposed to show your bankruptcy trustee a picture ID and evidence of your social security number.  The best way to prove your social security number is with your social security card.  However, a W-2 will also work.  (At the [...]

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After bankruptcy: Keep watching your credit report

by Robert Weed on February 22, 2012

Ken and Mary filed bankruptcy with me three and a half years ago.  They had built back to a credit score in the high six hundreds. Until last week.  Last week, Bank of America “updated” their credit report, replacing “bankruptcy” [...]

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Here’s an email I got yesterday. “Dear Mr. Weed, “Just an update.  I did receive my clearance and thank you for your help.  I have a new question for you.  My mortgage on my house was included in my bankruptcy.  [...]

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Filing Bankruptcy and Sleeping Better

by Robert Weed on January 16, 2012

After filing bankruptcy, people say they sleep better. That’s one of the exciting findings of a new survey, done through SurveyMonkey.com, of those who filed bankruptcy in 2009 and 2008. In all, 93% said life was better because they filed [...]

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Filing bankruptcy gets rid of most of your debts; but it does not necessarily get rid of most of your problems. For some people, real estate that they already moved out of is a problem.  Filing bankruptcy does not mean the bankruptcy court takes [...]

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I’m one of a handful of lawyers in the country who promises to fight the credit bureaus–sue them if necessary–after your bankruptcy is over. I want to make sure that all the debts discharged in your bankruptcy are reported by [...]

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Leaving Your Bankruptcy Hearing in Under Three Minutes with a Smile

About a month after we file your bankruptcy papers, we go with you to your bankruptcy hearing. The U S Trustee’s office here in Alexandria, Virginia schedules fourteen hearings an hour.  For many people, the bankruptcy hearing takes three minutes or less. [...]

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Do I need a business bankruptcy?

A lot of people who think they need a business bankruptcy really don’t.   They often need to do a personal bankruptcy, instead.  And they need to just dissolve their LLC or S corporation.  Does this apply to you? You probably don’t like [...]

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Bankruptcy is not a car wash

I don’t take the “car wash” approach to bankruptcy. Car wash approach?  What’s that? At the car wash, you drive up, pay them, they run your car through, and you drive off.  The car wash doesn’t care where you have [...]

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Bankruptcy and bank statements

Planning to file bankruptcy?  You will need to round up bank statements.  You’ll need them at the beginning of the bankruptcy process; and you’ll need them again near the end. Since you need to tell the bankruptcy court about all your accounts when you file [...]

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Bankruptcy means test: how big families can pass

The 2005 bankruptcy law is unfair to families.   If you have children, you need to fill out your bankruptcy budget very carefully.  Here’s why. The means test in the 2005 bankruptcy law is easy on singles, and hard on big families.    Here’s an example:  a household [...]

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Before bankruptcy: three reasons to change banks

When people talk to me about filing bankruptcy, I often tell them to change banks. Here are three reasons. 1.   If you have money in a bank you owe money to: change banks.  A bank is allowed to pay themselves for money [...]

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Bankruptcy means test: Watch out for January 2012!

Your bankruptcy means test may be too high if you file your bankruptcy case in January 2012. People with bi-weekly paychecks get 26 paychecks a year.  Usually you will have 13 paychecks in the six months look-back period of the bankruptcy means [...]

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Before filing bankruptcy, get your money out of Wells Fargo

The Wachovia banks here in the Northern Virginia area are now all Wells Fargo.  If you are in financial trouble, that’s a danger.  Here’s why. If you are planning on filing bankruptcy, get your money out of Wells Fargo.  They freeze your account [...]

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Bankruptcy and your security clearance, and defense cutbacks.

Defense cutbacks are now certain.  (At least as certain as anything is in this world.) Lots of people whose jobs seem safe now will soon be out of work. Will you lose your job and get behind on your debts? [...]

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Your bankruptcy forms: budget the buzzards

You see them eating along side the interstate, and wonder how they dodge the on-rushing traffic.  That’s the “buzzard” — formally known as the North American turkey vulture. One didn’t dodge the traffic on Friday.  It took off the wrong [...]

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After bankruptcy–getting your credit report right!

Here’s an email I got today from Jennifer. Jen and Ken filed bankruptcy in February 2010. Because Jen’s bankruptcy does NOT show on her credit report, her credit score is much lower than Ken’s. ( Jennifer and Ken are not [...]

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I filed bankruptcy and they are still calling! When do we sue?

When you file bankruptcy, your creditors are required to leave you alone. Section 362 of the bankruptcy law automatically tells them to stop any action or act to collect a debt from you.  They can’t call, they can’t send bills, they can’t take you to court. [...]

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After bankruptcy: USAA may cancel your car insurance

When you file bankruptcy, most banks don’t take it personally.  USAA does. So if you file bankruptcy on a debt to USAA, they may cancel your membership.  (The small print on their website tells you that you are not really a member [...]

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Virginia Bankruptcy Lawyer Endorses Chap Petersen for Senate

Filing bankruptcy got easier in Virginia on July 1.  The exemption for cars increased to six thousand dollars.  Sen. Chap Petersen helped change that law. That’s why I’m endorsing State Senator Chap Petersen, Democrat of Fairfax. Bankruptcy is set up [...]

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Jewelry, my forms and your bankruptcy

Last fall, Judge Robert Mayer, our bankruptcy judge in Alexandria, tossed out the bankruptcy of a guy for lying on his forms about the value of jewelry.  This was a guy who owed a lot–upwards of $300,000–and he’s now stuck. This was an extreme case–the guy [...]

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Bankruptcy Law Office Opening in Stafford Virginia

I’m Virginia bankruptcy lawyer Robert Weed, announcing the opening my newest location, in Stafford County, Virginia. Many people in Stafford have been hard hit by the current economic crisis. Zillow shows the average home value in Stafford has fallen from $400,000 in July 2006 to $250,000 today.  A loss [...]

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