Tax liens usually aren’t good things. But in at least one situation, they can help someone save their home in bankruptcy. In those states, such as Maryland, that do not have unlimited homestead exemptions, bankruptcy attorneys often have to deal with clients who own real estate that has non-exempt equity. This equity can be a [...]
June 2011
You do not go to jail for failure to pay an ordinary debt, but creditors sometimes like to threaten you with jail in order to get you to make a payment and scammers like to scare you out of your money too. Don’t get scared by lies and tricks by collectors or false collectors. Apparently [...]
Technically, you can file a bankruptcy the same day you meet with a lawyer. However, this is advisable only under the most extreme circumstances. Under normal conditions, you can expect the process to take a couple of weeks from the time all of your paperwork is returned to your lawyer’s office. If you need to file [...]
(And One Good Reason Why You Should) Do you have a business that is in a corporation? Is it failing and you think you need to file a bankruptcy case to get rid of the business debts? Don’t! Why shouldn’t you file a bankruptcy for a corporation? Let me count the ways: No Discharge of [...]
According to an opinion signed, extraordinarily, by 20 of the 24 judges of the U.S. Bankruptcy Court for the Central District of California, based in Los Angeles, the Defense of Marriage Act (“DOMA”) is unconstitutional insofar as it bars same-sex couples who are legally married under state law from filing joint bankruptcy petitions. Under the [...]
Bankruptcy has a point, even if the editorial writer for Forbes, Steven Dunn, doesn’t see it. His wrote a statement in his article entitled Consumer Bankruptcies do More Harm than Good that “Most consumer bankruptcies are pointless“. In my opinion this is an inaccurate and an irresponsible thing for a lawyer to say, especially one who doesn’t practice consumer bankruptcy [...]
