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Bankruptcy

Allmand Law Firm
August 20, 2012 Bankruptcy

Will Borrowing from My Retirement Funds Affect My Bankruptcy Filing?

Consumers facing financial difficulties may look to borrow from their retirement plan, but how will this affect your bankruptcy case? It likely depends on which chapter you file and whether or not you plan...

Allmand Law Firm
August 15, 2012 Bankruptcy

Judges Crack Down On Bankruptcy Petition Preparers

Bankruptcy judges have begun to crackdown on bankruptcy petition preparers who have defrauded clients, one such conviction ended with a 27 month prison term. Judges point to cases where preparers pocketed fees but failed to...

Allmand Law Firm
August 14, 2012 Bankruptcy

Bankruptcy Helps Improve Credit in a Variety of Ways

How Bankruptcy Can Improve Credit Bankruptcy has been known to help people get a fresh start for several reasons. Filing doesn't make you ineligible to receive credit but it may actually help you obtain...

Allmand Law Firm
August 13, 2012 Bankruptcy

Liquidating An Online Business In Bankruptcy

Online Business and Bankruptcy Doing business in cyberspace as become more than just a novelty, many successful (and not so successful) internet businesses have become a mainstream reality.  But with the proliferation of internet...

Allmand Law Firm
August 10, 2012 Bankruptcy

Possible Risks of Filing Bankruptcy on Your Own

Risks of Filing Bankruptcy on Your Own It may seem like a simple process but filing bankruptcy on your own could make your situation more challenging than it seems.  Even if you think your...

Allmand Law Firm
August 10, 2012 Bankruptcy

What You Should Know about Bankruptcy Exemptions

In both Chapter 7 and Chapter 13 bankruptcy , exemptions play an important role because they help protect personal property from creditors.  When property is exempt, it means creditors cannot pursue it to satisfy...

Allmand Law Firm
August 3, 2012 Bankruptcy

How is Property and Debt Handled in Bankruptcy When Filing without Your Spouse?

While a spouse has the option to file bankruptcy on their own as an individual, the choice could affect the outcome when it comes to property and debt.  It often depends on the state...