Most people find the Means Test a pain the butt. I do. One thing clients don’t understand is why their spouse’s income matters even if their spouse isn’t filing a bankruptcy case. That’s because Congress says it matters. If you are receiving support in your household from your spouse, then you’re supposed to have that [...]
401k
I’ve been asked the question a thousand times. ”How can your clients afford to file bankruptcy if they don’t have any money?” Its a good question. Certainly a question I asked before opening my consumer bankruptcy practice 18 years ago. Where does the money come from? Lets start with the obvious. Family. I have seen [...]
One of the most common fears that people considering bankruptcy have is whether or not they will lose their retirement if they file for bankruptcy. Like all legal questions, the answer to the question of whether or not a debtor will lose their retirement benefits if they file for bankruptcy is that they will probably [...]
