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Featured Courses
BK 100: Welcome to Schaller Bankruptcy Masterclass
Welcome to the Schaller-Bankruptcy-Masterclass. Who Should Take These Courses? Attorneys across the nation are adding a bankruptcy practice area to their list of services to attract new clients and increase their profits. FEES CAN RANGE FROM $1,500 PER CLIENT (Chapter 7) to $5,000+ PER CLIENT (Chapter 13). Just think, one…
BK 101: Chapter 7 Petition
Chapter 7 Petition. Every individual debtor seeking Chapter 7 bankruptcy relief commences a case by filing a “petition.” 11 U.S.C. § 301. But what constitutes a petition? Unlike the U.S. district courts that giver great latitude to drafters of a civil complaint, the U.S. bankruptcy courts do not give similar latitude…
BK 102: Schedule A/B – Property
Schedule A/B: Property Every Chapter 7 debtor must file a schedule of assets that identifies both real property and personal property. 11 U.S.C. § 521(a)(1)(B)(i); Bankruptcy Rule 1007(b)(1)(A). Real property consists of land and anything permanently affixed to the land, homes, buildings, air rights above the land, and underground rights below the land. …
BK 103: Schedule C – Exemptions
Schedule C: Exemptions. Every Chapter 7 debtor is allowed, but not required, to file a schedule of exempt assets. Like the petition and Schedule A/B, Bankruptcy Rule 9009 requires a debtor to use a specific national form prescribed by the Judicial Conference of the United States when listing the debtor’s exemptions. Bankruptcy…
BK 104: Schedule D – Secured Creditors
Schedule D: Secured Creditors. Every Chapter 7 debtor must file a schedule of liabilities that includes both secured and unsecured creditors. 11 U.S.C. § 521(a)(1)(B)(i); Bankruptcy Rule 1007(b)(1)(A). This chapter focuses on the listing of secured creditors and the following chapter discusses listing unsecured creditors. The creditors listed in Schedule D are limited…
Our Skilled Instructors
Attorney Bob Schaller
Bankruptcy/Tax Attorney & Registered CPA
Latest Posts
Increase in Chapter 13 Bankruptcy Filings Per Attorney Robert Schaller
November 4, 2022
October 2022 bankruptcy filings increased 27 percent from October 2021 bankruptcy filings –…
Can I Get Rid of My Tax Debt by Filing Bankruptcy? by Attorney Robert Schaller
June 1, 2022
Many, many types of debts are discharged when an individual files Chapter 7…
Attorney Robert Schaller Discusses Bankruptcy as a Last Resort
May 31, 2022
Filing bankruptcy is a last resort for most people. People in debt try…
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