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Car Financing After Receiving a Bankruptcy Discharge

Bankruptcy auto finance typically will represent a form of building back the credit history of a person. Usually, after the bankruptcy is closing, the person in […]


Simple Checklist To Determine Whether Bankruptcy Discharge Is Appropriate

Declaring bankruptcy is not merely a financial decision; it’s personal and emotional. Here is a simple checklist to determine whether discharging debt makes sense. If you […]


Bankruptcy and the Role of The Bankruptcy Trustee

When you file for bankruptcy, you will be assigned a bankruptcy trustee. The trustee is the most important person that you will be dealing with while […]


Let Us Be Your Bankruptcy Attorneys

Expertise: Let this be reiterated: deciding which type of bankruptcy suits you is a decision you can take on your own, but trust us (and our […]


Bankruptcy Defined

There are six types of bankruptcy under the Bankruptcy Code, located at Title 11 of the United States Code: Chapter 7: basic liquidation for individuals and […]


Bankruptcy Under the New Act

Under the old bankruptcy laws, most debtors chose between a liquidation proceeding under Chapter 7 of the Bankruptcy Code and a wage-earner repayment plan under Chapter […]


Preferential Creditor In Bankruptcy Proceeding Receives Preferential Right To Payment

A preferential creditor (in some jurisdictions called a preferred creditor) is a creditor who receives a preferential right to payment upon the debtor’s bankruptcy under applicable […]


Cram Down: The Reduction of Principal and Interest On Loans Over The Objection of Creditors

Cram down or cramdown is the involuntary imposition by a court of a reorganization plan over the objection of some classes of creditors. Home mortgage loans: […]


Insolvency Is the Inability to Pay Debts As They Become Due

Insolvency means the inability to pay one’s debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a […]


Bankruptcy Discharge Is A Statutory Injunction Against Commencement and / or Continuation of Any Legal Actions

A discharge in United States bankruptcy law, when referring to a debtor’s discharge, is a statutory injunction against the commencement or continuation of an action (or […]



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    The Peck Law Group stays up to date and in touch with the legal community through various memberships and affiliations.