Today, the Fourth Circuit Court of Appeals ruled that undervaluing your assets in a bankruptcy case can be grounds to deny a debtor a discharge of his debts. The case is In re: Worley ( link here ). ... Read full article
The following is taken from a lecture given by the author on February 22, 2017 to the Maryland Bankruptcy Bar Association . Judge Neil Gorsuch ... Read full article
A diamond engagement ring can be a symbol of love and devotion. It can also be a potential problem in a bankruptcy proceeding. Ever since the DeBeers Organization began an aggressive marketing campaign for diamonds during the depression years of the ... Read full article
The Mortgage Forgiveness Debt Relief Act became federal law in 2007. ... Read full article
“Why should I pay money I don’t have to a lawyer to file for bankruptcy? Isn’t it just filling out a few forms!” ... Read full article
There are many kinds of law being practiced in the United States — and a wide variety. Some attorneys deal with people issues, like family law or estate planning or social security. Other attorneys never see clients or interact with people (government ... Read full article
Do not count Social Security Income or Supplemental Security Income when calculating disposable income for debt repayment. Bankruptcy requires an evaluation of one’s ability to pay existing debt. This article discusses why Social Security Income and ... Read full article
Despite a lengthy delay in her chapter 7 proceeding, amounting to nearly two years, the fact that her chapter 7 case was still open prevented a West Virginia woman from filing a chapter 13 case. In re Lynch, Nos. 5:14-bk-50001, 5:16-bk-50272 (S.D.W.Va. ... Read full article
The holiday season has rolled around once again and regardless of whether you are in bankruptcy, this season tends to be a season of stress instead of joy. Americans continue to focus on purchases geared towards their wants instead of their needs. ... Read full article
It doesn’t happen very often, but sometimes a client who needs to file bankruptcy is also in line to receive an inheritance. Like a lot of things, what will happen to that inheritance in a bankruptcy case depends on the timing. ... Read full article
The Bankruptcy Court for the Eastern District of North Carolina has issued an order est ... Read full article
Willy Stöwer, 1912 Chapter 7 is the chapter under the Bankruptcy Code that most consumers file. It is seen as simple, fast, and, by some, “just filling out a few forms.” ... Read full article
The most important thing my Chapter 13 clients want to know is how much their Chapter 13 Plan payment will be. They ask this question at our initial meeting, before their case is filed, and during the period before their Chapter 13 Plan is confirmed. Of ... Read full article
Chapter 13 is widely known as the fastest and most effective legal action you can use to stop a foreclosure – even a foreclosure scheduled for the next few days. ... Read full article
As in lots of things, timing can be everything. Timing is important in music, comedy, athletics, you name it. ... Read full article
Medical bankruptcy is a made up term. It is often used by non-lawyers to describe the primary reasons behind their financial downfall. It is a very real situation but not recognized as a special category of insolvency by the legal system. ... Read full article
As our readers may recall, over the years, the members of this network have reported on various celebrity bankruptcy filings and the need for absolute truth in a debtor’s pleadings. ... Read full article
