News Topic: Bankruptcy Basics

Practicing bankruptcy law doesn’t provide many moments of sheer glee, but telling debt collectors about the scope of the community property discharge is surely one of them. ... Read full article

    Student loan debt is difficult to discharge in bankruptcy . ... Read full article

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If you’re filing bankruptcy, you’ll need to know your monthly expenses–food, clothing, transportation, medical–you name it. And you need to help your attorney know those expenses, too. ... Read full article

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The United States will go over the fiscal cliff tomorrow if Congress cannot come up with at least a short term solution. But what about us? Many of us have already gone over our fiscal cliff.  Even if Congress finds a way to avoid the country going over ... Read full article

There is good news for taxpayers wanting to settle up with the Internal Revenue Service .  Uncle Sam will accept a smaller lump sum payment to settle unpaid tax debts. ... Read full article

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The promise of debt freedom is just behind the next click. We walk through life with a bit more cynicism than used to be the case.  When I get an email promising me millions from an overseas stranger, for example, I know better than to click the link or ... Read full article

Here is a guide to preparing effective testimony in your bankruptcy case . ... Read full article

As I said before in an article I wrote What Suze Orman Doesn’t Understand About Bankruptcy  , “ Bankruptcy  attorneys like me look at things differently than many people, even so called “financial experts”. ... Read full article

I was talking with a client explaining how the client’s chapter 13 plan payment was calculated.  I was going over one calculation in determining the chapter 13 plan–the “best interests of creditors” test.  All of sudden, the client exclaimed that he was ... Read full article

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  Image courtesy of Pong / FreeDigitalPhotos.net   ... Read full article

The other day, I overhead a telephone conversation between a current client and my paralegal .  I gathered from the gist of the conversation that my client was having a difficult time making his chapter 13 payment. ... Read full article

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