Category Archives: Bankruptcy
Home Loan Modifications-Beware!
If your home is for sale and you are in the process of a Home Loan Modification, don’t just “trust the process”, once your home is sold, it is too late and you can’t get the property back using a bankruptcy. However, a timely Chapter 13 can protect your home while you figure out if […]
State Lawmakers Have Trapped Millions of Americans in Debt—by Taking Away Their Licenses
Iowa and Nebraska impose fines and take away drivers licenses for past-due child support and failure to pay fines. Are we encouraging people to drive illegally just to keep a job and try to keep paying for their everyday needs?? Source: State Lawmakers Have Trapped Millions of Americans in Debt—by Taking Away Their Licenses
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Equifax data breach may affect up to 143 MILLION Americans!
True Religion files for bankruptcy
True Religion is hanging on by a thread. The designer jeans maker filed for bankruptcy protection on Wednesday, asking for a chance to reinvent itself as it grapples with hundreds of millions of dollars worth of debt and declining sales, according to court documents. Source: True Religion files for bankruptcy
Bankruptcy guru Edward Altman sees similarities to 2007 in the credit market today
Dr. Edward Altman, a professor of finance emeritus at NYU Stern, explains what’s keeping companies from going bankrupt at the moment. Source: Bankruptcy guru Edward Altman sees similarities to 2007 in the credit market today
This is what happens to your student loans when you die
Because we’ve all secretly wondered what would happen. Source: This is what happens to your student loans when you die
Tax Refund Season
The snow has melted away despite Punxatawney Phil seeing his shadow, spring is around the corner and, before long, April 15th will be here and gone – TAX DAY in America is less than two months out. For some, tax returns represent a source of stress and anxiety over how much more we have to […]
Student Loans – The Worst!
Student loans in bankruptcy are a hot topic in my field and one of the most frequently asked questions I get. The answers are rarely satisfying though. The direct question, “Can I eliminate student loan debt in bankruptcy?” has a simple answer: “Almost always, NO.” Now, there are a few exceptions. The law says […]
Chapter 13 Offers More Flexibility in Bankruptcy than Chapter 7
Way back in 2005, President Bush signed into law the 2005 Bankruptcy Reform Act, officially known as the Bankruptcy Abuse Prevention and Consumer Protection Act. One of the stated missions of the “new” bankruptcy laws was to reduce the presumed abuse of Chapter 7 (“liquidation”) bankruptcy and encourage more people to file Chapter 13 (“reorganization”) […]
May I Keep My Tax Refund in Bankruptcy?
Happy New Year 2016! It is cold and snowy outside but, if you are anything like me, you are already thinking about spring time and warmer days ahead. If you are anything like me you might also be thinking about tax refund season and it is fast-approaching! Around this time of year a frequently asked […]
