If you’re like most people, you’ve likely experienced at least one time in your life when you needed to pay bills or buy essentials, but didn’t have the funds to cover your expenses. You might have considered taking out a payday loan to float you for a while, especially if you didn’t have access to [...]
July 2009
If you are thinking of filing for Bankruptcy, one of the items on your checklist to think about is your car. Should you purchase a new car or used car prior to filing for bankruptcy protection? What about your spouse’s car? \ As an attorney, the current status of the law would prevent me from [...]
According to the Eighth Circuit Bankruptcy Appellate Panel, a bankruptcy debtor cannot lose social security benefit payments in a bankruptcy case, even the money is paid as a $17,165 lump sum for past benefits. In re Carpenter, No. 08-6046 (8th Cir. BAP July 13, 2009), held that section 407 of the Social Security Act excludes such [...]
Mrs. Brown shot her husband and complained that the decrease in family income after his death made Chapter 13 payments a hardship. When she requested a discharge without making all the required payments, the bankruptcy judge asked the widow Brown to explain herself. Since she was unwilling to testify under oath about the shooting, the [...]
Clients want to know, will I keep my car if I file? How can I file bankruptcy and still maintain the vehicle I need to get to and from work? How can I be sure that I won’t lose my car? In most cases we file, debtors do NOT have to fear that their main [...]
Once the paperwork to file a bankruptcy is completed it needs to be signed. This sounds easier and simpler than it really is. It is your opportunity to confirm that your attorney heard everything you told him and has properly accounted for it. Be sure to read everything carefully and make sure that all of [...]
