Filing for bankruptcy and filing for divorce often go hand in hand. This is unfortunate, but the news isn’t all bad. I believe that filing for bankruptcy can help save some marriages by eliminating overwhelming debt, which is a a major source of stress that causes marriages to break up. Even in cases where divorce is [...]
March 2010
If you’re filing bankruptcy, then chances are you may may have taken out a payday loan recently, according to a “Do Payday Loans Cause Bankruptcy?” by Paige Marta Skiba of Vanderbilt Law School and Jeremy Tobacman from the University of Pennsylvania. In theory, I have no problem with the concept of payday loans. It’s nice [...]
People tell me that they are afraid of filing for bankruptcy. Fear of the unknown is a reasonable emotion. I am afraid of the dentist. I’m afraid of the pain from the drilling. I am afraid that the shot will hurt. I am afraid that something will go wrong. Then again, I’m just as afraid [...]
A Texas bankruptcy court ruled on December 30, 2009, that an employee who was fired after filing bankruptcy was not protected the bankruptcy code’s non-discrimination provision, 11 U.S.C. section 525(b). This section states as follows: No private employer may terminate the employment of, or discriminate with respect to employment against, an individual who is or [...]
Representing yourself in a bankruptcy case has a non obvious downside: if the case develops problems, capable bankruptcy lawyers won’t step into a troubled case. The judge in yesterday’s calendar was urging any number of individuals who represented themselves (in Chapter 11 cases, no less) to get a lawyer. He was candid with his expectation [...]
People who are thinking of filing bankruptcy cases tell me that they are ashamed. Most bankruptcy lawyers keep tissues in their conference rooms. Many clients cry when they talk about filing their bankruptcy case. Sensitive attorneys are ready for this – we have tissues ready. We can understand why our clients feel many emotions. For [...]
