bankruptcy lawyer

Don’t Pay Your Bankruptcy Lawyer With Post-Dated Checks

by Eugene S. Melchionne, Connecticut Bankruptcy Lawyer

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 [...]

Middle Class Bankruptcy: Unbundling Legal Services — Part Two

by Gini Nelson, New Mexico Bankruptcy Lawyer

I return to this series (for the patient among you) on unbundling legal services because I believe the bankruptcy court system will incorporate more of its principles into the day to day practice of bankruptcy law, and the maxim regarding unintended consequences will come increasingly to bear.  For example, in New Mexico, a sitting bankruptcy [...]

You live in one county, you are considering an attorney in a different county — does it matter? Do you have to see an attorney in the same county you live? (This is part of what you might be considering when you consider who to hire. Whether the attorney needs to be in the same [...]

Weather forecasters gave us Rhode Islanders fair warning that we would be experiencing the worst rain storm in over one-hundred years. We even made national news. Small streams were overwhelmed, the water table rose, and property owners that never before worried about such things were forming lines outside Lowe’s and Home Depot hoping to buy [...]

Bankruptcy: “But I Don’t Want to File On….”

by Russell A. DeMott, Charleston Bankruptcy Lawyer

Filing bankruptcy means listing all your debts, even those you eventually plan on repaying after bankruptcy, like debts to relatives or your mortgage and car payments. As I tell my clients, you need to list anyone in the Milky Way Galaxy to which you owe money.  That means even those who think you owe them [...]

Under the U.S. Bankruptcy Code, if a debt is discharged in a bankruptcy case, it does NOT count as taxable income.  Bankruptcy-discharged debt is, therefore, much more powerful than merely canceled debt.  While canceled debt may create an income tax liability, discharged debt does not. See What is a 1099c and what do I do [...]