Bankruptcy is a time honored practice that affords honest debtors the opportunity for a fresh start. Everyone filing bankruptcy has experienced financial problems beyond his or her control. The court, trustees, and your attorney, understand this and if you comply with their instr...
Once you have made the decision to at least talk with an attorney or lawyer about the prospect of bankruptcy, then it becomes important to find the right attorney to help guide you. Here are a few tips that I think are important in finding the right attorney to talk with. If poss...
Butler-style representation, under which the sequaciouslyservile lawyer does whatever the client wants and then cites that clients command as a shield to the improper actions has no place in bankruptcy court or in any court. The above alliterative quote is taken from a recent ban...
An excellent article from the website JD Supra about Small Business Bankruptcy and debts. It is very important to always give complete information to your bankruptcy attorney about who is responsible for the debt of your business. For example, did you personally sign and guarante...
One of the most common questions that we get here in the office from clients or potential clients who are considering filing Chapter 13 bankruptcy regards changed circumstances while you are in Chapter 13 bankruptcy. What will happen if our income goes down? What will happen if w...
The agency newly created by Congress to help us understand the complexities of financial products, The Consumer Financial Protection Bureau (CFPB), issued their report yesterday on why the credit score you purchase may be different from the credit score the bank uses. The report ...
Your lawyer cares about these things because the bankruptcy court and trustee care about these things when you file bankruptcy. In fact, if you have sold or given away anything to family members recently, you are required to tell about that in your bankruptcy petition and related...
When consulting with a bankruptcy attorney, it is very important to share with the attorney a complete listing of all the "real property" that is owned. This may seem very easy and straightforward. Often, we have folks that forget to tell us about real property that they have in...
A new debit card product has been developed by a company called Higher One and has hit college campuses. It is offered at many college campuses by the college or university itself to the parents and students. Often, the students excess scholarship or grant money is placed on the ...
The Means Test numbers for folks considering Chapter 7 bankruptcy in Kentucky have gone up effective March 15th, 2011. This means that it could be possibly somewhat easier to qualify for Chapter 7 bankruptcy. Even if the household income falls below these figures, it may still no...