
A modern resource on traditional bankruptcy practices.
Published by Benjamin W. Wallace

5 Things to Know about the 341 Meeting of Creditors
Big Idea One of the earliest events in any bankruptcy case is the “341 Meeting,” which derives its name from the section of the...
Should I file Bankruptcy?
There is no one size fits all answer to this question. I view bankruptcy as a final option—a decision that should not be taken lightly...
What is the Difference Between an Unsecured Creditor and a Secured Creditor?
Big Idea: A secured creditor has loaned money against collateral, which are assets of the debtor. An unsecured creditor is a one who has...
What is the Automatic Stay?
Big Idea: The automatic stay immediately stops all creditor actions upon the filing of a bankruptcy case. There are numerous exceptions,...
What is Bankruptcy?
The dictionary definition of “bankruptcy” is: “a statutory procedure by which a usually insolvent debtor obtains financial relief and...
Why this Blog?
Bankruptcy is complicated. It derives its complexity from the dense and often vague and inconsistent wording of the Bankruptcy Code. What...







