I don’t mean to alarm you, but the folks at Bankruptcy Bill have organized what appears to be the first ever Bankruptcy Song Contest. So whether you’re a debtor, a creditor, a bankruptcy lawyer or a “Bankruptcy Lover,” here’s your chance to express yourself through song. The winner will be selected by readers voting. Check [...]
November 2009
#1 “Must the Non-Filing Spouse’s Information Be Disclosed? This continues the series “I’m Filing, My Spouse Isn’t-What Happens?” The series is introduced here. Let’s start by remembering the context of a review of a bankruptcy petition by angry creditors or the United States Trustee’s office, for example. For one thing, the Means Test might be [...]
It is nearly impossible to sell many timeshares. Â So what do you do if you can’t pay the timeshare payments and/or the timeshare maintenance fees? Â First, try to sell it. Â Even if you loose money, getting out from under the loan payments and fees may be wise.Â
It’s a story which would make any bankruptcy lawyer cringe: “I deeded my cabin to my brother so I couldn’t lose it to my creditors. My cousin’s girlfriend’s lawyer told me on the phone that would be a good move.” Ouch! As bankruptcy lawyers know, judgment creditors can reverse fraudulent transfers, negating the utility of this manuever. Worse, [...]
The Six Chapters of Bankruptcy
