Before you file Chapter 7 bankruptcy – or even under Chapter 13 – you must first determine if you are above the “median income”. The median income test is based on the average income earned your state and is calculated each year by the U.S. Census Bureau. The “income” you must consider is not necessarily [...]
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Even if you “surrender” your property in a Chapter 7 bankruptcy, the city or municipality can make you comply with code regulations. When you file a Chapter 7 bankruptcy, you have three choices on how to handle secured debt, such as a mortgage or property taxes. *You can choose to redeem the property – which [...]
Bankruptcy Law Network member and author, Craig Andresen of Bloomington, Minnesota, has been named Member of the Month for October 2009 by the National Association of Consumer Bankruptcy Attorneys. He is the tenth member of Bankruptcy Law Network to be recognized as member of the month for service to NACBA and the field of consumer [...]
We all handle medical problems differently. Go to any Emergency Room and you may wonder why the guy experiencing chest pains for the past week didn’t come in earlier and why the kid with the splinter is there at all. Financial problems are the same. Some delay getting financial counsel, while others are pro-active and [...]
One day this week, I got so angry at my potential clients. I did not express this anger out loud, but I did want to reach across my desk and say YOU SHOULD HAVE COME HERE WEEKS OR MONTHS AGO. Three new clients, and all three of them, would have had much better options had [...]
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 [...]
