Archive for November 5th, 2007

Are Subprime Educators Encouraging Predatory Lending? »

Jonathan Ginsgberg’s Recent Post, “How do I Qualify for a Hardship Discharge on My Student Loan?” introduces another bad actor into the emerging student loan debacle – the for-profit educational institution that provides services of questionable value while steering student borrowers towards high-cost private loans.  Ginsberg’s correspondent described in the article, a disabled woman on [...]

Popularity: 16% [?]

State Law Exemptions Don’t Halt IRS »

We have written many posts about exemptions, the list of property you can keep in bankruptcy. It is important to remember that exemptions don’t halt the Internal Revenue Service.
Only a small amount of personal effects is exempt from levy by the IRS outside of bankruptcy and no property will be excluded from a IRS [...]

Popularity: 30% [?]

Bankruptcy In Florida: Debtors Can Stack Personal Property Exemptions »

On July 31, 2007, Governor Charlie Crist amended one of Florida’s exemption laws, Florida Statute 222.25(4).  This amendment created more questions than it answered.  By amending the existing statute, Governor Crist changed bankruptcy practice as we knew it in Florida.  The law added a personal property exemption of $4,000.00, but was only applicable to those residents [...]

Popularity: 31% [?]

How Do I Calculate My Household Size When I File Bankruptcy? »

Your household size can be a critical factor in determining whether you can file a Chapter 7 bankruptcy case or how much you need to pay in a Chapter 13 case.  Household size is the starting point in figuring out if you are above or below the median income for your state.  The larger the [...]

Popularity: 46% [?]