Remember when Eddie Murphy was Eddie Murphy, not some cut-rate actor in a collection of kid’s movies? I mean, when he was fall-off-the-chair hysterical that involved language to make your parents blush? It turns out that the New York bankruptcy courts do, too. And they’re using him as a guide when it comes to allocating [...]
March 2011
Short Sales, home loan write-downs and foreclosure can all result in cancellation or forgiveness of debt for the borrower. Debt cancellation can result in taxable income to the borrower. There are many debt cancellation tax articles published on Bankruptcy Law Network. However, there are several ways to exclude debt cancellation from taxable income. Congress has [...]
In July, 2007, Florida’s legislature created a $4,000 wildcard personal property exemption for people who do not receive benefits of a homestead exemption that has become a prime example of the Law of Unintended Consequences. During the real estate heyday on Florida (Circa 2005), there was a great disparity between homeowners and home renters when [...]
Need protection of the bankruptcy automatic stay, but you’ve filed for bankruptcy before? There are complex rules that cover when you are protected and when you are not. Safe At The Plate Generally speaking every bankruptcy filing results in a stay of all actions against you automatically. {You can read the code section – 11 [...]
I’m a big fan of Home Depot. I love the rows of lumber, the acres of tools and doo-dads. Honestly, it makes me feel macho just being there. It’s as if I could go out and build a home like Michael Landon in Little House on the Prairie. I mean, just look at all the [...]
For those of us who like to plan ahead, the National Association of Consumer Bankruptcy Attorneys (NACBA) has announced the dates and locations of the following educational programs: 2010: 19th Annual Convention: April 13-17, 2011, Ward Parkman Marriott, Washington, D.C. 2011: Members-Only Workshop: October 28-29, 2011, The Broadmoor, Colorado Springs, CO 2012: 20th Annual Convention: [...]
