Can I Withdraw My Chapter 7 Bankruptcy Case?
201903.25
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Can I Withdraw My Chapter 7 Bankruptcy Case?

Filing for Bankruptcy is a big decision but once a debtor files their bankruptcy case, it cannot be voluntarily withdrawn without Court permission. There are a number of factors that the Bankruptcy Court must evaluate before a debtor is permitted to voluntarily dismiss a Chapter 7 Bankruptcy case. Generally, a debtor can only withdraw their…

What Happens If I Don’t Make My Car Or Mortgage Payments After I File for Bankruptcy?
201901.16
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What Happens If I Don’t Make My Car Or Mortgage Payments After I File for Bankruptcy?

The Automatic Stay Protects Debtors Pursuant to 11 U.S.C. § 362 of the Bankruptcy Code, when a debtor files a bankruptcy case, an injunction is automatically imposed to bar creditors from starting or continuing collection efforts against the debtor. This is referred to as “the automatic stay.” The injunction is one of the fundamental debtor…

Federal Trade Commission Takes Action Against Lender’s Deceptive Practices
201810.15
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Federal Trade Commission Takes Action Against Lender’s Deceptive Practices

While consumer protection has not been a priority for the current administration, the Federal Trade Commission’s Bureau of Consumer Protection recently brought an enforcement action against the online lending platform, LendingClub Corporation. The FTC has filed charges against LendingClub in the U.S. District Court for the Northern District of California. The company was charged with…