By Craig Andresen, Attorney at Law on Nov 15, 2009 in Bankruptcy Practice and Procedure, Exemptions In Bankruptcy, Your Bankruptcy Attorney & You | 0 Comments
It’s a story which would make any bankruptcy lawyer cringe: “I deeded my cabin to my brother so I couldn’t lose it to my creditors. My cousin’s girlfriend’s lawyer told me on the phone that would be a good move.” Ouch! As bankruptcy lawyers know, judgment creditors can reverse fraudulent transfers, negating the utility of this manuever. Worse, [...]
By Douglas Jacobs, California Bankruptcy Attorney on Nov 5, 2009 in Bankruptcy Practice and Procedure | 1 Comment
Thinking Of Filing Bankruptcy? Don’t Give Anything Away.
“I’ll just give my car to my niece.” I can’t tell you how many times I’ve heard that or something similar from a client about to file bankruptcy.
Sometimes the client has the best of intentions: “she’s about to graduate college and I always promised her a car for [...]
By Jeffrey Freedman, Buffalo Bankruptcy Lawyer on Oct 29, 2009 in Bankruptcy Practice and Procedure, Benefits of Bankruptcy, General Bankruptcy Information | 0 Comments
Be sure to tell the truth, the whole truth and nothing but, when it comes to advising your attorney about your financial picture.
When meeting or speaking with your attorney you will often be asked a number of questions. Each question asked by your attorney, is being asked because it is relevant to your bankruptcy case, [...]
By Kevin Gipson, New Orleans Bankruptcy Attorney on Oct 26, 2009 in General Bankruptcy Information | 0 Comments
Can I keep one of my credit cards when I file for bankruptcy?
A common question heard by bankruptcy attorneys and a common temptation.
And understandable!
In today’s world, it is almost impossible to rent a car or reserve a hotel room without a credit card.
By Russell A. DeMott, Charleston Bankruptcy Lawyer on Oct 22, 2009 in Bankruptcy Myths, Benefits of Bankruptcy, Exemptions In Bankruptcy | 0 Comments
Lawyers have a saying about trying a case: Put the skunk on the table. It means if you’ve got something really bad going on in your case, it’s best to just deal with it. Tell the judge or jury before the other side does so you can minimize the damage.
It’s really no different with [...]
By Wendell Sherk, Missouri Attorney on Oct 16, 2009 in General Bankruptcy Information | 0 Comments
Sometimes the bank forgets to file the paperwork to put a lien on a car’s certificate of title when they make a car loan. Does that mean you don’t owe the money? Or if you file bankruptcy, you get the car for free?
Usually it’s not so simple. When you take out a loan on a [...]
By David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney on Oct 14, 2009 in General Bankruptcy Information | 1 Comment
Planning for bankruptcy can be similar to planning to file your income tax returns. You have to be accurate. You have to be honest. But you do have the right to engage in some planning before you file. You do have the right to do things legally to leave yourself in the best position [...]
By Rachel Lynn Foley, Kansas City, MO, Bankruptcy Attorney on Oct 4, 2009 in Bankruptcy Crimes | 0 Comments
I wanted to share 13 tips from the FBI before filing bankruptcy. I often tell clients that lying to the court is a crime, but often they do not believe me. So many times you will hear of stories of debtors who filed bankruptcy and did not disclose assets such as a boat, land or [...]
By Eugene S. Melchionne, Connecticut Bankruptcy Lawyer on Sep 30, 2009 in Bankruptcy Myths, Benefits of Bankruptcy, General Bankruptcy Information | 0 Comments
11. THOSE DEBT MANAGEMENT PLANS ADVERTISED ON TV AND RADIO REALLY WORK!
FALSE – Most people are optimists about their finances. Things don’t always get better. Check out this post about Debt Management Plans.
12. YOU CAN KEEP ONE CREDIT CARD (JUST DON’T TELL YOUR BANKRUPTCY ATTORNEY)
FALSE – You need to list all of your debts. In [...]
