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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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Your Credit Report after Bankruptcy: Do You Want to Get It Right?

I’m one of a handful of lawyers in the country who promises to fight the credit bureaus–sue them if necessary–after your bankruptcy is over. I want to make sure that all the debts discharged in your bankruptcy are reported by the credit bureaus as

When to File Bankruptcy

The question, “When to file bankruptcy?” has one obvious answer, when you can no longer afford to pay your bills. But there is much more involved in actually picking the right time to file your bankruptcy claim. There are qualifications that have to

More Financial Planners Filing for Bankruptcy in 2011

A report from Financial-Planning.com notes an unsettling trend in bankruptcy filings: in recent years, the number of Certified Financial Planners (CFPs) filing for bankruptcy protection has increased. CFPs are highly trained financial experts who

What is a Bankruptcy Hardship Discharge?

A Chapter 7 bankruptcy discharges most of your unsecured debt and nonexempt assetts may be seized to pay off your debts. But to qualify for a Chapter 7 bankruptcy you need to pass a means test. People who do not pass the means test are typically

Bankruptcy Exemptions: The Injuries of Benn (Part IV)

Getting compensated for injuries is personal. It’s meant to replace a loss to you as a person. Missouri exemption law recognizes that. Yet the recent evolution of those exemptions in bankruptcy ( here, here, and here) has set up an unusual conflict

Professional decorators can light up holidays

Tired of untangling that box of lights every Christmas? Consider hiring a professional decorator.

Leaving Your Bankruptcy Hearing in Under Three Minutes with a Smile

About a month after we file your bankruptcy papers, we go with you to your bankruptcy hearing. The U S Trustee’s office here in Alexandria, Virginia schedules fourteen hearings an hour. For many people, the bankruptcy hearing takes three minutes or

Sneaky Credit Card Tricks That Keep You From Declaring Bankruptcy

Your credit card has been lying to you to prevent you from declaring bankruptcy. That’s right – that piece of plastic in your wallet or purse wants you to think that it’s a simple financial tool that requires little thought to use. After all, what’s

How Does Bankruptcy Treat Co-Debtors?

Filing bankruptcy will not only provide protection to the debtor filing bankruptcy; but may provide protection to their co-debtors under certain circumstances. Below we explore when and how co-debtors are protected in bankruptcy: What Is A Co-Debtor

Bankruptcy or Debt Consolidation

For people who are struggling under debt it may be difficult to uncover the best way to get out of the mess. There are two popular options for people with debt, consolidating their debt and bankruptcy. Debt consolidation lets people who are loaded

Swap out those long-lost savings bonds

If you can't find bonds from years ago, have them reissued. It's worth the earnings.

Personal chefs are a real treat

Find out what a personal chef can do for you on the biggest cooking day of the year.

Claiming 25-year-old son as dependent

You should amend your tax return, as he earned too much money to be claimed as a qualifying relative.

Tribune Seeks To Pay $675,000 To Controversial Ex-CEO

Associated Press Tribune is seeking bankruptcy-court approval to pay former chief executive Randy Michaels a $675,000 bonus. The Internet is abuzz with the news that newspaper publisher Tribune Co. wants to pay former Chief Executive Randy Michaels

Kindle and ePub Versions of Bankruptcy Code

One of my crack research assistants, Scott Cromar, put together electronic versions of the U.S. Bankruptcy Code and Federal Rules of Bankruptcy Procedure (FRBP) that can be read using Amazon Kindle or an ePub reader. Because these books were

Texas Homestead Exemption Before And During Bankruptcy

According to Texas state law, a homeowner’s profits from the sale of their homestead is exempt from creditor claims for six months. However, if a debtor is considering selling their home and filing bankruptcy, there are a few things they should

Fees Alone Won't Fix Banks' Revenue Shortfall

Imposing fees risks further alienation of consumers, raising the stakes on the "dare" to consumers to find other ways to meet their financial needs. And there are new and better ways for banks to make money.

What is Credit Bidding in Bankruptcy?

Credit bidding is a right that secured creditors have in bankruptcy sales allowing them to control the sale of their collateral. When collateral that secures a lien is proposed to be sold at a bankruptcy auction, a secured creditor is allowed to bid

Debtor Rights Under The Fair Debt Collection Practices Act

Debtors facing collections actions by creditors have a specific set of rights as defined by the Fair Debt Collection Practices Act (FDCPA). Let’s take a look at a few of these rights: The Right To Know A debtor facing collections actions by a third

What You Need To Know About Bankruptcy Exemptions

One of the biggest mistakes of pro se bankruptcy debtors is that they often ignore bankruptcy exemptions to their detriment. It’s not that they believe the exemptions are unnecessary, it’s just that they don’t understand the exemptions or they aren’t