Related Posts
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The Role the Bankruptcy Court Played in the Publication of the O.J. Simpson Book “If I Did It”
by Bankruptcy Law Network
The bankruptcy court played an interesting role in the eventual publication of the controversial book by O.J. Simpson entitled “If I Did It.” Pablo F. Fenjves and O.J. Simpson, If I Did It, (Beaufort Books 2007). O.J. Simpson had created a corporation called Lorraine Brook Associates (LBA). Arnelle Simpson was President, and Simpson’s children with [...]
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Unborn Child Is Not Part Of The Household In Oregon
by Kent Anderson, Oregon Bankruptcy Attorney
In a recent decision, Oregon Bankruptcy Judge Randall L. Dunn concluded that expectant debtors could not include their unborn child when calculating household size. Â As a result, mom and dad may still be making payments on their Chapter 13 plan when junior starts pre-school. Household size is important in bankruptcy to determine whether or not [...]
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How Your Spouse’s Bankruptcy Affects Your Child’s Education
by Peter Orville, Binghamton Bankruptcy Lawyer
If your spouse files for bankruptcy, will that affect your ability to pay for your children’s continuing education? It all depends on what level of education your children are attending. The U.S. Bankruptcy Code specifically lets you use certain educational expenses as deductions on your means test. Â This means the money you spend on your [...]
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Will the Bankruptcy Trustee Take My Child’s College Fund in Kansas?
by Jill Michaux of Topeka, Kansas
Is my child’s college fund protected from creditors in bankruptcy in Kansas? Yes and No. Will the bankruptcy trustee take the money I have been savings for my child’s college education? Yes, if the money is in an ordinary savings account. No, if the money is invested in a Learning Quest account more than two [...]
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Can I Use Chapter 13 to Save an Elderly Parent or Adult Child’s Home?
by Jonathan Ginsberg, Atlanta Bankruptcy Attorney
In the real world, families help each other. Sometimes this help can be in the form of co-signing a debt or even entering into debt to help a family member. In my practice I frequently see situations where an adult child signs as the sole or primary mortgagee for a parent’s house. Sometimes a parent [...]
