My recent post on the Mortgage Forgiveness Debt Relief Tax Act of 2007  entitled Home Loan Foreclosure No Longer a Tax Trap appears in Don’t Mess With Taxes.  That website, created by professional journalist and self-proclaimed tax geek, Kay Bell, is a collection of useful links, tips and stories about tax issues.  It is called, in internet speak, a carnival.  This is [...]

Popularity: 24% [?]

When a debtor in a chapter 13 case passes this life, the court has discretion to proceed with the case, according to Bankruptcy Rule 1016 “if further administration is possible and in the best interest of the parties”.  Kansas Bankruptcy Attorney Jill Michaux wrote  how this issue touched the family of her client Sharon who [...]

Popularity: 23% [?]

Over the years I have received a number of questions from prospective bankruptcy clients regarding the impact of bankruptcy on divorce proceedings and vice versa.  A recent case from Texas suggests that a debtor’s failure to reveal his intention to file bankruptcy can result in the Bankruptcy Court finding that the debtor’s obligation to pay [...]

Popularity: 19% [?]

People who are considering personal bankruptcy are often depressed about their financial problems. Many come into their lawyer’s office with shopping bags filled with unopened collection letters, bills, and even court summonses. This frustrates their attorneys because it necessarily means that more time and effort will need to go into properly preparing the [...]

Popularity: 26% [?]