Cut off phone in the Bankruptcy Agreement effortlessly

Aug 6th, 2022
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How to Cut off phone in the Bankruptcy Agreement

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hi my name is lorena sadie and i am the founder and managing attorney here at city law group and i wanted to do a quick video about the new way that bankruptcy court has been doing hearings um and in my opinion its wonderful and i think a lot of other practitioners um and also judges agree but we are doing our 341 meeting of creditors theyre all being done telephonically and what this means is in the past pre-coded if you filed a bankruptcy case you do have a required hearing and that would be a physical appearance in um in federal court um and even though the hearings i always tell my clients you know its not like law order on television its nothing to freak out about um still just telling someone they have to go to court it usually freaks them out um so this has been great because now clients have the option um when you file bankruptcy you dont have to drive downtown well it depends on what division youre in the most traumatic parking i think is going to be in atlanta shocker u

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No matter which form of bankruptcy is sought, not all debt can be wiped out through a bankruptcy case. Taxes, spousal support, child support, alimony, and government-funded or backed student loans are some types of debt you will not be able to discharge in bankruptcy.
The long and short of it is that, no, you probably wont lose your cell phone or your contract if you file for bankruptcy. This means you should never leave any asset off your bankruptcy petition.
Chapter 7 bankruptcy erases or discharges credit card balances, medical bills, past-due rent payments, payday loans, overdue cellphone and utility bills, car loan balances, and even home mortgages in as little as four months.
The good news is that it is highly unlikely that you will lose your cellphone if you file for bankruptcy. You do have to list your cellphone as an asset on your bankruptcy schedules, and disclose the existence of any cell phone contracts on your schedules. However, that doesnt mean that the court will take your phone.
Cell Phones in Chapter 7 Bankruptcy The trustee appointed to oversee a Chapter 7 bankruptcy sells any nonexempt property a debtor cant exempt and turns over the proceeds to the creditors. Most people find that their exemptions sufficiently cover all of their household goods and electronics, including cell phones.
The good news is that it is highly unlikely that you will lose your cellphone if you file for bankruptcy. You do have to list your cellphone as an asset on your bankruptcy schedules, and disclose the existence of any cell phone contracts on your schedules. However, that doesnt mean that the court will take your phone.
Types of debt that cannot be discharged in bankruptcy include alimony, child support, and certain unpaid taxes. Other types of debt that cannot be alleviated in bankruptcy include debts for willful and malicious injury to another person or property.

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