Blog and News
At Law Office of Thomas A. Nanna, P.A., our lawyers are committed to seeing every case through to the very end. Typically, our cases end after bankruptcy is finalized and the debt is discharged. Sometimes, we are able to file a lawsuit against a debt collector that has violated the Fair Debt Collection Practices Act and get some extra money for the person we are representing.
Liens can be stripped off of the debtor’s assets in Chapter 11 or Chapter 13 when the equity in the asset, after deducting senior liens from the property’s current market value, is less than the amount of the unsecured portion of the lien can be eliminated.
Generally, all debts listed on the petition are dischargeable. However, certain types of debt are not dischargeable. The non-dischargeable debts include, but are not limited to: a. Certain taxes and fines; b. Debts arising from certain fraudulent conduct; c. Debts not listed in your bankruptcy petition; d. Alimony, child maintenance or support, and certain other […]
Under Chapter 7 Bankruptcy, an impartial trustee is appointed to administer the case by collecting and liquidating the Debtor’s non-exempt assets in a manner that maximizes the return to the Debtor’s unsecured creditors. Under Chapter 13 Bankruptcy, an impartial trustee is also appointed to administer the case. The primary roles of the chapter 13 trustee […]
A bankruptcy remains on a credit report for a maximum of ten years under provisions of the Fair Credit Reporting Act. How do I get a bankruptcy filing removed from my credit report? The Bankruptcy Court has no jurisdiction over credit reporting agencies. The Fair Credit Reporting Act, 6 U.S.C. § 605, is the law […]