July 2009
My friend Jay Fleischman is on point that our clients filing bankruptcy are stressed. Let me posit that the cause of the stress is not “filing bankruptcy” but 1) the situation that lead to the decision to file; 2) fear of the unknown, fueled by bad information and unsupported assumptions about the process; and 3) [...]
In a recent article I reported on two proposals before the Louisiana Legislature to increase the homestead exemption: one bill would have increased the exemption to $100,000.00 while the second bill would have made the homestead exemption unlimited. The bad news is that neither of these bills passed in its original form. However, the Louisiana [...]
If you have ever been in trouble with your bank, you have most likely been reported to Chex Systems. Perhaps you’ve had some NSF checks, or maybe you closed an account without settling a negative balance with the bank. No matter the reason, once you are reported to Chex Systems, managing your finances can be [...]
In the previous articles in this series I discussed various options that are available to a debtor who is in a Chapter 13 Bankruptcy but who can no longer make his Plan payments. Those options are: A Hardship Discharge. Modification of your Chapter 13 Plan to allow Suspension of payments for a period of time [...]
When a debtor files bankruptcy, part of the process requires that they list all assets (all the stuff that they own) and all liabilitlies for the bankruptcy court to review. This rule has been in place for a long time, but under the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, the rule was emphasized. [...]
