August 2011

Is Florida the Next Non-Judicial Foreclosure State?

by Chip Parker, Jacksonville Bankruptcy Attorney

   If the mortgage industry has its way, the passage of a new bill floating around Tallahassee will ensure that Floridians will be displaced from their homes without legal representation or due process.  In typical Orwellian style, this bill is entitled the Fair Foreclosure Act – it’s anything but . . . Florida often makes [...]

Keep your children’s and your parents’ assets out of your bankruptcy!

by David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney

Too often, parents forget to consider their children’s assets when filing bankruptcy.  For example, they may control accounts under the Uniform Transfers to Minors Acts.  They may have custodian accounts. They may serve as trustee under various trusts.  They may have established educational savings accounts under section 529 of the Internal Revenue Code.   No [...]

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I Can’t Afford To Pay My Creditors But I Don’t Want My Bass Boat Sold!

by Adrian Lapas, Eastern North Carolina Bankruptcy Attorney

  Yes, it is quite a lot of fun to be skimming across the water heading to that secret spot where you know the big lunker is lurking.  You have had a lot of fun fishing over the years and if you could just get your financial issues behind you, you would spend more time [...]

Trying To Live Like A Reality Star May Lead To Bankruptcy.

by Rachel Lynn Foley, Kansas City, MO, Bankruptcy Attorney

America has become addicted to reality shows but are these shows truly set in reality or are they helping to bankrupt our souls and bank accounts? The shows are fascinating from a psychological point but nothing more.

Bankruptcy Means Test: New Case Allows Three Vehicle Operating Expenses

by Craig Andresen, Minneapolis, MN, Bankruptcy Attorney

If you’re considering filing bankruptcy, you probably already know how important it is to properly complete Form B22, the bankruptcy means test, which determines whether you are eligible to file chapter 7, or whether you must instead file a repayment chapter 13 case.  The means test also affects how much you must pay into a [...]