When a bankruptcy is filed, the debtor can keep anything that is “exempt.” That always includes household goods and personal effects, and, most of the time, provides a homestead exemption that protects the debtor’s home. But why? Actually, bankruptcy exemptions are absolutely necessary to a fair and forgiving economic system. If filing bankruptcy meant losing [...]
November 2011
Unlike red wine, the information you provide a bankruptcy lawyer does not improve with age. Bankruptcy information is far more like fish: no longer palatable after it sits for a while. A bankruptcy filing is a snapshot of the client’s situation on the day the case is filed. From the point when the case is [...]
Just like the prescription for a medicine, the bankruptcy filing is part of the treatment plan. Unless you take the right drug, at the right time, in the right amount you risk a serious problem. With bankruptcy you only file in the right way, at the right time, with the right planning or you will risk a serious problem. There are no do-overs in the bankruptcy court.
You want to file bankruptcy but you are not sure if you are eligible to file again. There is a quick an easy way to see if you MIGHT be eligible to file and receive a discharge. On the top line of the image above choose the case that you have filed in the past. [...]
Everyone seems to have heard of a simple “formula” for determining when you should consider filing a chapter 7 or chapter 13 bankruptcy. The problem is that once you start looking for the formula, it becomes apparent that there are numerous versions, and none of them seem to agree with one another. Many seem to think that [...]
