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Lynn Wartchow
Jun 25, 20132 min read
Converting from Chapter 7 to Chapter 13: What’s Involved and Why Would You Convert?
Conversion to Chapter 13 from Chapter 7 isn’t a death sentence for your bankruptcy case (see Chapter 13: Not Always a Gloomy Diagnosis in...
Lynn Wartchow
Feb 15, 20133 min read
What Happens after the 341 Meeting of Creditors is Over?
The answer to this depends on whether you have filed Chapter 7 or Chapter 13 bankruptcy. (Chapter 11 individual debtors also are required...
Lynn Wartchow
Jan 2, 20132 min read
How Are Non-Dischargeable Debts Treated in a Chapter 13 Bankruptcy?
Non-dischargeable debts are those few categories of personal liabilities which can never be discharged in either form of Chapter 7 or...
Lynn Wartchow
Oct 31, 20122 min read
Bankruptcy and Divorce: Some Payments in a Divorce Decree May be Dischargeable in Chapter 13
The rule of thumb is that bankruptcy will discharge most unsecured debts that are not taxes or domestic support obligations (which are...
Lynn Wartchow
Aug 6, 20123 min read
What Should I Expect at the 341 Bankruptcy Meeting of Creditors?
If you have done basic research into the bankruptcy process, you will know that about one month after filing a bankruptcy petition and...
Lynn Wartchow
Jul 10, 20122 min read
What is the “Means Test” and Why Does it Matter in Bankruptcy?
The “Means Test” was one of the major and most controversial additions to consumer bankruptcy law that occurred as part of the 2005...
Lynn Wartchow
Apr 10, 20122 min read
When Will I Owe a “Deficiency” after Foreclosure in Minnesota? It Depends.
Under some circumstances after foreclosure, a deficiency may still be owed on a foreclosed property. A deficiency or “deficiency...
Lynn Wartchow
Mar 9, 20123 min read
Received a Form 1099-C on Foreclosed Home? You May Qualify for the Mortgage Forgiveness Exclusion to
If you receive a Form 1099-C reporting ‘debt cancellation’ income after a home foreclosure, you may qualify for the Mortgage Forgiveness...
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