This episode of the Crushing Debt Podcast is all about Bare Bones, or Skeleton Bankruptcy Petitions (I guess that's two spooky topics).
A normal bankruptcy petition is in the range of 50 pages, although the first 6 - 7 pages are all that's needed to file and start the case. That's what we mean by "bare bones," only the first 6 - 7 pages, followed up at a later date by the remaining supporting documents and schedules.
As a practice, Yesner Law tries to stay away from bare bones petitions because: (1) they take more time because we're filing documents multiple times instead of filing everything at the outset, (2) they're more expensive, because an additional fee is owed to the bankruptcy court to follow up and "add" creditors to the case, and (3) they are typically a sign that the client is unprepared.
A full bankruptcy petition typically consists of: (1) the Petition, (2) Schedules A - J & a Declaration as to those schedules, (3) Statement of Financial Affairs, (4) Statement of Social Security Number, (5) List of Creditors, (6) Means Test, (7) Statement of Intentions (for a Chapter 7 liquidation) or Plan (for a Chapter 13 reorganization).
Bare bones bankruptcy petitions can be more complicated when filed pro se (meaning by the debtor, unrepresented by an attorney).
If you or someone you know needs to file bankruptcy please refer them to our office, or to a local bankruptcy attorney. Shawn@YesnerLaw.com or www.YesnerLaw.com.
Please also visit our sponsor, www.EastStartUpFunds.com. If you need between $25,000 and $100,000 and have a 680 credit score, you can complete an application to borrow for any reason.
On this week’s episode of the Crushing Debt Podcast, we highlight our sponsor, Tampa Business Funds, LLC and Steve Hechtman, through their website EasyStartUpFunds.com and TampaBusinessFunds.com.
You may recall Steve, and his eclectic ukulele from Episode 164 - Alternative Business Lending.
Do you need startup funds for a new business, CBD grow facility, equipment leasing, construction equipment financing, debt restructuring, cash advance, accounts receivable financing, commercial bridge loans, business acquisition, real estate, fix & flips, or for any reason at all? Contact our sponsor to complete an online application to get $25,000 to $100,000. The only other thing you need is a 680 credit score.
In addition to the websites above, you can contact Steve at Steve@TampaBusinessFunds.com, or you can contact me at Shawn@YesnerLaw.com or www.YesnerLaw.com.
What did you always want to know about bankruptcy but were too afraid to ask?
We’ve got some great listeners of The Crushing Debt Podcast who send in questions from time to time, and if they have these questions, likely you do too.
On today’s episode, we answer about:
- Reaffirmation Agreements
- Lien stripping in Chapter 13
- Filing bankruptcy for personally guaranteed debt of an LLC
Please continue to submit these great questions. You can connect with me on social media, or directly, Shawn@YesnerLaw.com or www.YesnerLaw.com. If you enjoy the show, please share it with others.
Finally, please visit our sponsor www.EasyStartUpFunds.com. If you need $25,000 to $100,000 and have a 680 credit score, apply online.
On this week's episode of the podcast, I interview Certified Financial Planner David Wilson Flores.
David and I talk about:
- How to lower the cost of college and maximize financial aid to minimize debt.
- Creating a year end financial planning checklist to save money and minimize savings.
You can read David's successful blog and get more information at www.PlanningToWealth.com or email him directly at DWilson@PlanningToWealth.com. You can also follow him on Twitter @NYWealthAdvisor or on Instagram @planningtowealth.
We also want to thank and ask you to visit our sponsor www.EasyStartUpFunds.com if you need $25,000 to $100,000 for any reason (like starting up a business) and have at least a 680 credit score.
You can contact me with comments or questions at www.YesnerLaw.com or Shawn@YesnerLaw.com.
This week, we have our friend Chris Calandra with Elliot Wealth Management Services, LLC, as a guest talking about the seven wealth building rules:
1. Importance of Goal Setting
2. Preparation is Key
3. Developing a Wealth Building Plan
4. You Need a Team
5. Tracking Progress
6. The Power of Diversification
7. Be Careful with Debt
You can find Chris at email@example.com or www.elliottwealth.com.
Many thanks to our NEW sponsor, www.anyreasonloan.com. If you have a credit score of 680, and you need $25,000 to $100,000 for any reason, fill out the laser lightning half page online app and get a response within 24 hours.
To contact me directly, email Shawn@YesnerLaw.com or www.YesnerLaw.com. If you enjoy the content, please share it and invite your friends to subscribe to the show on whatever podcast player they use to listen to podcasts!