A wee primer on exemptions (in the context of chapter 7 bankruptcy)
Dec 10, 2011
I'm filing a chapter 7... will I keep all my property?
Answer: Maybe.
Federal and state bankruptcy laws describe what property is exempt, meaning what you get to protect from creditors and keep to yo...
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The Guiding Principle of Disclaiming All Guides: Self-help Can Trip You Up
Aug 23, 2011
Let me confess a not-surprising bias. A practicing attorney will not recommend self-help literature. But, this is not a knee-jerk or strictly self-interested opinion. It's based on observance of poor r...
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Baby, You're Money: a not-so-concise guide to Credit-Union Pitfalls in Bankruptcy
Aug 23, 2011
Intro
Back in '96 there was a flick called Swingers starring Vince Vaughn, and concerning some mates who take an impromptu trip to Vegas. I think I caught it at a theater on King George St., which is i...
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Make sure your Income and Expenses Jibe!
Aug 15, 2011
On The Profoundly Poor Etiquette of Double Dipping
Chips and dip are a soire staple. For the host, it's simply conceived. Dump chips into bowl, pour dipping goop into second bowl. Put sur la table.
The...
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Who may file chapter 13?
Aug 10, 2011
First, you must reside, have a domicile, a place of business, or property in the USA. Check.
Now, as with chapter 7, there are certain wait periods pursuant to prior bankruptcy discharges. See 11 USC ...
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Who May File Chapter 7?
Aug 10, 2011
When the Who sing Who are You? or the Stones sing Dylan's Like a Rolling Stone, it's a very, very clever thing, isn't it?
In bankruptcy, these curious cases of self-referential indulgence are a good sp...
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Who are the opposing parties in bankruptcy? An (entertaining?) primer of sorts
Jul 06, 2011
"How Is That My Problem?" (Hereinafter referred to as "HITMP.") It's telling that HITMP is the defining characteristic of the legal system. Law is adversarial, ergo one side's problem cannot be the oth...
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Good intentions don't always carry the day
Jun 03, 2011
Considering bankruptcy? Watch where you tread. Even if youve been well-intentioned, certainmoves can be considered fraud.
The bankruptcy trustees,creditors,and the Bankruptcy Court will scrutinize the...
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Lien Strip: Not an underfed-dancer's "gentleman's-club" routine
Jun 01, 2011
Can I really get rid of a second mortgage (what is a lien strip)? A common misconception is that a chapter 7 bankruptcy will let you "get rid" of a second mortgage. Chapter 7 gets rid of personal liabi...
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On Ye Olde Credit Counseling Course (But First, Something About Chocolate---Bear With Us)
Jun 01, 2011
Yesteryear's chocolate was a simple proposition: sickly-sweet candy bars in the checkout aisle beside your bubble gum and Tic Tacs. Milk chocolate, caramel, nougat, and peanuts were the building blocks...
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