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.

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

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.