How Will My Divorce Decree Impact My Bankruptcy?

Your Divorce Decree and Bankruptcy Divorced debtors considering bankruptcy are often concerned about agreements they made in their divorce decree.  The good news is that if the divorced debtor's financial situation has changed in a way which warrants bankruptcy, they may be able to discharge certain debts. Those debts they are unable to discharge may [...]

By |2017-12-13T00:34:05-06:00August 25th, 2011|Divorce and Bankruptcy|Comments Off on How Will My Divorce Decree Impact My Bankruptcy?

Protecting Co-Signers In Chapter 13 Bankruptcy

If you're a debtor who has a secured loan with a co-signer, you may be concerned about how your Chapter 13 bankruptcy will impact the co-signer.  This is especially important if that co-signer is a spouse or other family member who isn't part of the bankruptcy. How to minimize the impact of your bankruptcy filing [...]

By |2018-11-12T19:23:02-06:00August 25th, 2011|Chapter 13 Bankruptcy|Comments Off on Protecting Co-Signers In Chapter 13 Bankruptcy

What Is A Bad Faith Bankruptcy?

Filing a bad faith bankruptcy can mean the death of automatic stay protection and since the automatic stay is the shield which protects debtors from creditors it's basically a very harsh punishment. A bankruptcy case may be considered bad faith if any of the following is true: The bankruptcy debtor has filed more than one [...]

By |2017-12-13T03:06:25-06:00August 24th, 2011|Bankruptcy|Comments Off on What Is A Bad Faith Bankruptcy?

Rule No.1: Don’t Bribe The Bankruptcy Judge

Thinking About Bribing a Bankruptcy Judge? In a recent bankruptcy dispute, a bankruptcy attorney found himself facing a possible ban on practicing law, after he allegedly sent an "unprofessional and disrespectful" court filing to the bankruptcy court and then tried to resolve the dispute by sending the bankruptcy judge a bottle of wine. Hyman also [...]

By |2017-12-13T03:06:14-06:00August 24th, 2011|Bankruptcy|Comments Off on Rule No.1: Don’t Bribe The Bankruptcy Judge

Renewing Your Business After Bankruptcy

Renewing Your Business After You've Filed Bankruptcy When a business files bankruptcy, it doesn't need to be the end of entrepreneurship.  The business owner can go on to either rebuild their business after bankruptcy or start a new one. Below are a few tips on renewing your business after bankruptcy: Chapter 7 Bankruptcy Not The [...]

By |2017-12-13T03:06:53-06:00August 23rd, 2011|Bankruptcy|Comments Off on Renewing Your Business After Bankruptcy

Bankruptcy Court Can Order Liquidation Of Business Assets

In a recent Chapter 11 bankruptcy, the bankruptcy court ordered that a debtor reimburse qualified bidders for expenses incurred in connection with the sale of a substantial asset of the debtor's estate. The bankruptcy court determined that such reimbursements were proper under the business judgment standard in section 363(b) of the Bankruptcy Code. Section 363 [...]

By |2017-12-13T03:06:44-06:00August 23rd, 2011|Bankruptcy|Comments Off on Bankruptcy Court Can Order Liquidation Of Business Assets

The Importance Of Respecting Bankruptcy Estate Assets

How You Should and Should Not Handle Bankruptcy Estate Assets When a debtor files Chapter 7 bankruptcy , a bankruptcy estate is created. The bankruptcy estate is made up of all the debtor's assets, even those assets which may be later declared exempt.  The bankruptcy debtor is not allowed to liquidate any assets in the [...]

By |2017-12-13T03:06:34-06:00August 23rd, 2011|Bankruptcy|Comments Off on The Importance Of Respecting Bankruptcy Estate Assets

Is Excessive Debt A National Security Issue?

According to a Department of Defense study, 19% of junior military personnel failed to pay at least the minimum on their credit cards, 12 percent took out payday loans and 11 percent bounced checks. While financial integrity is important in civilian life, it is extremely important in military life where a bounced check can get [...]

By |2017-12-13T03:07:14-06:00August 22nd, 2011|Bankruptcy|Comments Off on Is Excessive Debt A National Security Issue?

Post-Bankruptcy Survival: How To Get A Bank Account

How to Get a Bank Account After Bankruptcy If you're like most debtors, you probably filed bankruptcy with a few bounced checks and/or an overdrafted account. If that's the case, you may run into some problems opening a bank account after bankruptcy if you don't take certain important steps as listed below. The first thing [...]

By |2017-12-13T03:07:04-06:00August 22nd, 2011|Bankruptcy|Comments Off on Post-Bankruptcy Survival: How To Get A Bank Account

Anna Nicole Smith Decision Could Impact Bankruptcy Debtors

The Anna Nicole Smith bankruptcy case has extended well beyond the death of the celebrity and may now impact the jurisdiction and power of bankruptcy judges.  The central issue raised in the Anna Nicole Smile bankruptcy was whether a bankruptcy judge had a right to decide a non-bankruptcy dispute which impacted the case. Vickie Lynn [...]

By |2018-11-16T00:04:32-06:00August 22nd, 2011|High-Profile Bankruptcies|Comments Off on Anna Nicole Smith Decision Could Impact Bankruptcy Debtors
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