I put together this list of the more common terms that you might run across in your bankruptcy. Don’t hesitate to call me anytime. Don’t suffer in silence. Abandonment – A disclaimer of any interest by the trustee or debtor in property that is burdensome or of inconsequential value. Administrative Claim (Or Administrative Expense Claim)…

The biggest difference between a Chapter 7 and a Chapter 13 is that in a 13 you repay a portion of your unsecured debt. In a Chapter 7, your unsecured debt is discharged. The 3 primary reasons why people file Chapter 13 are as follows: 1. Their household income exceeds the median income for their…