We've talked quite a bite about the dangers of filing a pro se bankruptcy case; but what about connecting with a bankruptcy attorney who may not be worth your time, not to mention your money?  Let's take a look at five signs that your bankruptcy attorney is a "lemon." They have an exclusively online operation [...]

In a bizarre twist in the bankruptcy case of Monroe Beachy, a 77-year old Amish man accused of running a Madoff-like Ponzi scheme in the Amish community, 97 percent of the creditors want the case dismissed. Media headlines are comparing Beachy to Bernie Madoff, the investment advisor who choreographed a $50 billion Ponzi scheme since [...]

In a recent Chapter 11 bankruptcy here in Texas, a debtor company's agreement with a creditor that "price was no issue" ended with the debtor being liable for a very large bill. 1. In November of 2006, Double C was hired by Westside Energy ("Westside"), the Debtor's predecessor, to construct a platform or foundation for [...]

Despite the unlikelihood that states will be granted the right to file bankruptcy anytime soon, analysts are still debating the issue.The opponents of bankruptcy have come up with some very ridiculous theories about why bankruptcy would be "horrible" for states. One anti-bankruptcy theory is that if states are given the right to file bankruptcy then [...]

In 2005 the bankruptcy code was revised to supposedly weed out abusers of the system. What's happened since then? Well, in 2010 alone over 1.5 million Americans were forced into bankruptcy because of a job loss, illness, foreclosure or some other financial crisis. The vast majority of those people weren't abusers of the bankruptcy system, [...]

In the bankruptcy case of former Playboy Bunny Anna Nicole Smith, a.k.a. Vickie Lynn Marshall who married multimillionaire J. Howard Marshall II, a man 63 years her senior, the issue of whether or not a bankruptcy court has jurisdiction over certain issues in the case is being debated. The issue at hand is whether or [...]

When a debtor company files Chapter 11 bankruptcy, they usually get what's called debtor-in-possession financing (DIP financing). DIP financing allows the debtor to file bankruptcy but maintain their daily operations and exit bankruptcy in a better position financially.  But how does the bankruptcy lender benefit from the situation?  Well under the bankruptcy code, DIP financers [...]

Securing a safe and affordable place to live is important after bankruptcy. But many bankruptcy debtors worry that they may not be able to find anyone to rent to them, so they avoid filing bankruptcy. But debtors considering bankruptcy shouldn't allow their fear of not finding a rental stop them from filing. Renting a Home [...]

Bankruptcy Preparers or Bankruptcy Attorneys? The advertisements for bankruptcy preparers are starting to pop up online and offline; but many debtors don't understand the difference between a bankruptcy preparer and a bankruptcy attorney. Many debtors simple want the cheaper option without ever considering that in the long-term working with a bankruptcy preparer could be quite [...]

Should you walk away from critical assets such as a home and file Chapter 7 bankruptcy ? Or, should you file Chapter 13 bankruptcy and repay the delinquent mortgage so that you can hold onto the asset?  In the end it is a question of whether you want to get your bankruptcy fresh start now [...]