The Basics Of Bankruptcy

If you’re thinking about bankruptcy as a way to end your bill problems, it’s important to understand what you’re getting yourself into. These articles on the basics of bankruptcy can help you get your feet wet so you can be better prepared to work with your lawyer.

I practice in the Washington, DC area. Lots of my clients work for federal agencies and contractors who require security clearances as a condition of their employment. The first question they ask when them come to see me is whether a bankruptcy filing will cause them problems with their security clearance. The short answer I […]

Good bankruptcy attorneys spend a lot of time talking with their clients. They give them an awful lot of information. Sometimes clients forget. One of the things clients sometimes forget is the requirement in the Bankruptcy Code that all of their assets and all of their debt must be included in the bankruptcy filing. This includes things that they may want […]

Most of my clients don’t have a lot of money. If they need to file for bankruptcy, they’ve usually gotten ads from “Bankruptcy Petition Preparers.” These folks advertise that they can prepare someone’s bankruptcy papers a whole lot cheaper than lawyers. They’re right. They CAN prepare your bankruptcy papers a whole lot cheaper than lawyers. Why? THEY’RE […]

Reversing the Minnesota bankruptcy court, an intermediate federal appeals court ruled that a property tax refund owed to a bankrupt homeowner cannot be claimed exempt.  Manty v. Johnson (In re Johnson), No. 13-6050 (8th Cir. BAP April 22, 2014). The appeals court said that the bankruptcy court was mistaken when it held that a Minnesota property […]

I can’t think of a more appropriate theme song for those in a financial crisis than Let it go from the movie Frozen.   A theme song  sets the tone or mood for what is about to come.   Walt Disney has a history of providing  life lessons through entertainment so it is no surprise Frozen and […]

Recently I ran across this post discussing the difference between bankruptcy and debt settlement.  I believe that there are a few items that need to be corrected with regards to the information contained in this post. Before we go any further, it may be useful to talk about what bankruptcy is and what a debt […]