Bankruptcy Basics

Bankruptcy is your superpower.

09/20/20

Every September 20th on National Bankruptcy Day I like to remind people about their bankruptcy superpower, in a whimsical way.

People who file Chapter 7 Bankruptcy get a fresh start that lets them make financial decisions faster than a speeding bullet.

Having money at the end of the day makes your wallet more powerful than a locomotive.

Bankruptcy allows you to discharge tall debts in a single case.

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My Small Business is in Trouble! What Should I Do?

09/09/20

The Covid-19 pandemic has devastated small (and medium and large) businesses. Closures. Limited hours. Fewer customers.

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Top 6 Steps to Rebuilding Credit

06/16/20

I recently conducted a poll of bankruptcy attorneys across the country for their recommendation on how to rebuild credit after bankruptcy.

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Consumer Commission – Student Loan Discharge Recommendations

04/18/19

The American Bankruptcy Institute’s Commission on Consumer Bankruptcy issued its final report last week.   This is the first in a series of articles about those recommendations.  To see more information about the Commission, follow this link.

[more]

Consumer Commission – Student Loan Discharge Recommendations

04/18/19

The American Bankruptcy Institute’s Commission on Consumer Bankruptcy issued its final report last week.   This is the first in a series of articles about those recommendations.  To see more information about the Commission, follow this link.

[more]

Judicial Estoppel: Medical Malpractice Claim Survives Omission From Bankruptcy Schedule A/B

01/27/19

A chapter 7 trustee was allowed to pursue a medical malpractice claim that the debtor had failed to list in her papers, even where the trustee and the debtor had agreed to split the lawsuit proceeds.

In this New Hampshire case, Alward v. Johnston, 2017-0080 (N.H. Dec. 21, 2018), the state’s supreme court disagreed with other courts that the debtor’s conduct in omitting the asset should be imputed to the bankruptcy trustee.

[more]

Judicial Estoppel: Medical Malpractice Claim Survives Omission From Bankruptcy Schedule A/B

01/27/19

A chapter 7 trustee was allowed to pursue a medical malpractice claim that the debtor had failed to list in her papers, even where the trustee and the debtor had agreed to split the lawsuit proceeds.

In this New Hampshire case, Alward v. Johnston, 2017-0080 (N.H. Dec. 21, 2018), the state’s supreme court disagreed with other courts that the debtor’s conduct in omitting the asset should be imputed to the bankruptcy trustee.

[more]