Early Retirement and Bankruptcy In 2009 a record 2.74 million Americans filed for social security benefits and nearly 72% of them were less than 66 years old. What's happened during this recession is that older workers have found themselves unemployed or unable to find any type of work with a living wage. These workers don't [...]
One of the drawbacks of delaying a necessary bankruptcy is that when debtors eventually file bankruptcy they have no money left. Many debtors consider bankruptcy when they are out of income and have burned through their cash savings. The logic goes something like this: "Well we've tried everything; we're out of money so I guess [...]
Criminal Restitution and Bankruptcy Bankruptcy is a democratized system that offers debt discharge for all debtors who are unable to pay their debts, even those who have become entangled in the criminal justice system. As we have mentioned before, debtors who are imprisoned are allowed to file bankruptcy. Through bankruptcy, they can discharge those debts [...]
After failing to disclose a pending pregnancy discrimination lawsuit to the bankruptcy court, debtor Hardee-Guerra was barred from pursuing her claims for compensatory damages in the lawsuit. Using the doctrine of "judicial estoppel" which disallows a party from taking a position in a case which is contrary to a position they took earlier, the court [...]
One of the most common statements that we hear when a debtor files bankruptcy is that they feel humiliated about their bankruptcy filing. But what do they really mean when they say this? Do they mean that they feel humiliated that bankruptcy will stop creditors from harassing them via the phone and mail and they [...]
Most people, as in 99.9 percent, who have taken out a car loan, mortgage loan, credit card account or any other debt fully intend to repay it. This desire to repay outstanding debts is why so many debtors avoid bankruptcy even when they need it and there is no way for them to repay their [...]
Self-sabotage, even the most disciplined of us fall into it. But self-sabotage in your bankruptcy case can have long-term ramifications for the second chance that bankruptcy offers debtors. Below are five ways that debtors sabotage their bankruptcy case and by extension their financial future: Failing to go through the credit counseling requirements before filing bankruptcy. [...]
Social Services worker Melanie Cholewinski could face federal charges for bankruptcy fraud because she failed to disclose more than $91,000 that she allegedly stole from a public financial assistance fund. A 20-count felony theft complaint last week accused Cholewinski, 36, of using her job with the Clark County Social Service Department to unlawfully funnel $91,235 [...]
Today's technological advances make it possible for all of us to do many things online that would have been impossible in the past. But while it may be "cool" to stay in touch with relatives via email and social networking, there are some things you simply don't want to do online and without the help [...]
Bankruptcy Trustee Diana G. Adams moved to dismiss the bankruptcy cases of several debtors after they failed to meet the credit counseling requirement as defined in the bankruptcy code. But Bankruptcy Judge Charles Brieant refused to accept the dismissals and instead moved to "strike" the bankruptcy petitions which would allow the debtors to still have [...]