Last month, we marked the sixth anniversary of changes to the bankruptcy law. The Bankruptcy Abuse Prevention and ConsumerProtection Act (BAPCPA or dis-affectionally called BARF by many in the field of bankruptcy) became operative on October 17, 2005. And then the world changed. A little more than six months later, the Case-Shiller index of real estate [...]
Eugene S. Melchionne, Connecticut Bankruptcy Lawyer
We all know the famous saying that there’s nothing more certain in life than death and taxes. Well, we haven’t figured out how to cheat death yet, but bankruptcy can help solve your tax problem. Keep in mind that not all taxes are dischargeble. If you owe taxes based on your income all you need [...]
Yup. Scared? Well, it just not so simple as that, so don’t believe the collectors when they call and say they will have you arrested and put in jail for not paying a debt. While it is possible, there are a lot of safeguards for consumers in financial trouble, including bankruptcy. Let’s start with [...]
You know the drill; your brother, cousin, or good friend, is arrested on a criminal charge and wants to get out of jail pending a trial on his or her case. So you agree to sign a personal bond to gain a release from jail. And then your brother/cousin/good friend/dirtbag skips town leaving you owing the bail [...]
So you’ve found the cheapest bankruptcy attorney in the market. For only the price of $250.00 and the court costs, he’ll file your case provided you give him several post-dated checks for the balance of his fees. So you can file now and pay later. Great!!! (For you, not for him – read on to [...]
If you have been reading Bankruptcy Law Network recently, you would have seen various articles about reaffirmations. What they are, what they do, under what circumstances you should reaffirm a debt or mortgage and when you should not. There are even some courts that say you must reaffirm a car loan in bankruptcy. But there [...]
