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Archive for January 31st, 2007

Before I File Bankruptcy Can I Pay My Brother Back the $2,000 He Lent Me Six Months Ago? »

By Jonathan Ginsberg, Atlanta Bankruptcy Attorney on Jan 31, 2007 in Bankruptcy Practice and Procedure | 1 Comment

A question that often arises in the context of bankruptcy preparation has to do with debts owed to family members or close friends. What happens if you repay your brother/sister/mother/father the $2,000 that was loaned to you six months ago? What about a repayment to a friend or employer?
The Bankruptcy Code addresses the [...]

Pre-Bankruptcy Planning - Potential Problems With Credit Card Use Prior to Filing Bankruptcy »

By Jonathan Ginsberg, Atlanta Bankruptcy Attorney on Jan 31, 2007 in Bankruptcy Practice and Procedure, Debts Not Dischargeable, General Bankruptcy Information | 0 Comments

If you are like most bankruptcy debtors, the difficult decision to seek legal counsel about filing a case may be months in the making. In an effort to avoid bankruptcy, you may be considering any number of non-bankruptcy options, including informal payment plans, refinancing of your house or borrowing funds from friends or relatives. [...]

I Got Injured on the Job and Have a Workers’ Compensation Claim; Should I File Bankruptcy Now or Later? »

By Stephen Otto, Pennsylvania Bankruptcy Attorney on Jan 31, 2007 in General Bankruptcy Information | 0 Comments

Unfortunately, this can be a complicated question with no clear answer, and the answer you get definitely depends upon where you live.  Therefore, I strongly urge anyone with this issue to contact a bankruptcy or consumer lawyer in your area.  Rather than getting into legal intricacies with this post, let me just briefly tell you what [...]

Retirement Assets Safe in Bankruptcy »

By Cathy Moran, California bankruptcy lawyer on Jan 31, 2007 in General Bankruptcy Information | 0 Comments

One of the few debtor friendly changes to the Bankruptcy Code made last year was increased protection for retirement savings. Prior to October, 2005, the bankruptcy exemptions in the Code protected IRA’s “to the extent necessary for the support of the debtor”. Traditional pensions and 401(k) plans were absolutely protected because the anti [...]

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