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Non-Profits and Bankruptcy
Though it may sound funny at first, Non-Profit corporations can legally file bankruptcy. Bankruptcy can be of benefit to them in various ways. Just because they do not have shareholders (equity class) and do not distribute dividends, does not necessarily mean that they do not have debt problems. Recently, the attorneys at Pollak, Hicks & […]
June 16, 2014 Posted in Bankruptcy Leave a comment
WHAT IN THE HELOC CAN I DO ABOUT THIS
H.E.L.O.C. or Heloc is an acronym for Home Equity Line Of Credit. Many, many people took out these types of loans several years ago when real estate was booming and the inflated values created significant equity against which to borrow. Many of those Heloc borrowers did not then, or perhaps do not still, realize that […]
June 5, 2014 Posted in Bankruptcy, Consumer Bankruptcy Leave a comment
BANKRUPTCY & DRIVERS’ LICENSES
Who would have ever thought there would be a legal connection between bankruptcy and drivers’ licenses? The attorney specialists at Pollak, Hicks & Alhejaj, P.C. know full well and have helped people based on that knowledge. In Nebraska, like many states, if you are found to be at fault in a traffic collision, […]
May 30, 2014 Posted in Bankruptcy Leave a comment
“HELP! MY CAR WAS JUST REPOSSESSED!” – There is a way to get it back…
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May 23, 2014 Posted in Bankruptcy, Consumer Bankruptcy Leave a comment
THE TIMES THEY ARE A CHANGING: DEVELOPING STORIES REGARDING STUDENT LOAN DEBT AND BANKRUPTCY
While as of yet it remains difficult to discharge student loan debt obligations in bankruptcy, it is not impossible. Currently, bankruptcy courts are hearing lawsuits called adversary proceedings to determine if financially troubled people appearing before it suffer sufficient hardship to qualify for discharging (wiping out) all, or part of, their student loan debt. Outside […]
May 16, 2014 Posted in Bankruptcy, Consumer Bankruptcy Leave a comment
BANKRUPTCY IS INTERESTING: AND HELPFUL -a brief (7 Paragraph) History)
The contemporary American Bankruptcy Code (11 U.S.C. Sec. 1101 et seq.) provides for the most simple, straightforward situations as well as extremely complicated ones. Bankruptcy laws can now be used not only to get out of debt; but also, to get out of contracts; get out of leases; get repossessed property back; get drivers’ licenses […]
May 12, 2014 Posted in Bankruptcy Leave a comment
