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The Truth About Creditors In a Bankruptcy
Episode Summary
In this episode of Through the Looking Glass with Barry Levine, host Katie Roberts and bankruptcy attorney Barry Levine pull back the curtain on how creditors operate in Chapter 7 and Chapter 13 bankruptcy cases. Barry shares unfiltered insights into why creditors rarely interfere in bankruptcy proceedings, how debt collection tactics change pre- and post-filing, and the reality of debt-buying as a gamble. He also discusses creditor monitoring, asset cases, and the factors influencing creditor objections. This candid conversation sheds light on the myths and realities of debt, bankruptcy, and financial survival.
Timestamps
00:00 – Welcome to Bankruptcy Through the Looking Glass with Barry Levine
00:05 – Introduction with Katie Roberts and Barry Levine
00:23 – How involved are creditors in Chapter 7 and Chapter 13 bankruptcies?
00:34 – Why creditors rarely show up in bankruptcy cases
04:06 – The business of debt-buying and collection tactics
05:12 – Do creditors monitor bankruptcy cases?
06:26 – Can creditors challenge a bankruptcy filing?
08:12 – The long game of minimum payments and debt persistence
10:39 – What happens when creditors don’t file a claim?
11:53 – How creditors decide whether to challenge a bankruptcy
14:53 – Are most bankruptcy cases involving big financial institutions or small businesses?
16:24 – Closing thoughts and where to connect with Barry Levine
About the Show
Through the Looking Glass with Barry Levine offers a no-nonsense perspective on bankruptcy law, debt relief, and financial strategies. Hosted by Katie Roberts and featuring veteran bankruptcy attorney Barry Levine, the show breaks down complex legal concepts with real-world examples and sharp insights. Whether you're facing financial challenges, considering bankruptcy, or just curious about how the system works, this podcast delivers valuable knowledge with a dose of humor and candor.
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By bankruptcythroughthelookingglassEpisode Summary
In this episode of Through the Looking Glass with Barry Levine, host Katie Roberts and bankruptcy attorney Barry Levine pull back the curtain on how creditors operate in Chapter 7 and Chapter 13 bankruptcy cases. Barry shares unfiltered insights into why creditors rarely interfere in bankruptcy proceedings, how debt collection tactics change pre- and post-filing, and the reality of debt-buying as a gamble. He also discusses creditor monitoring, asset cases, and the factors influencing creditor objections. This candid conversation sheds light on the myths and realities of debt, bankruptcy, and financial survival.
Timestamps
00:00 – Welcome to Bankruptcy Through the Looking Glass with Barry Levine
00:05 – Introduction with Katie Roberts and Barry Levine
00:23 – How involved are creditors in Chapter 7 and Chapter 13 bankruptcies?
00:34 – Why creditors rarely show up in bankruptcy cases
04:06 – The business of debt-buying and collection tactics
05:12 – Do creditors monitor bankruptcy cases?
06:26 – Can creditors challenge a bankruptcy filing?
08:12 – The long game of minimum payments and debt persistence
10:39 – What happens when creditors don’t file a claim?
11:53 – How creditors decide whether to challenge a bankruptcy
14:53 – Are most bankruptcy cases involving big financial institutions or small businesses?
16:24 – Closing thoughts and where to connect with Barry Levine
About the Show
Through the Looking Glass with Barry Levine offers a no-nonsense perspective on bankruptcy law, debt relief, and financial strategies. Hosted by Katie Roberts and featuring veteran bankruptcy attorney Barry Levine, the show breaks down complex legal concepts with real-world examples and sharp insights. Whether you're facing financial challenges, considering bankruptcy, or just curious about how the system works, this podcast delivers valuable knowledge with a dose of humor and candor.