News Topic: Bankruptcy Basics

One of Benjamin Franklin’s most famous quotes is:  “Certainty? In this world nothing is certain but death and taxes.” ... Read full article

It’s that time again:  two candidates, with very different political views, vying to be the leader of our nation.  But what does this mean for Bankruptcy? ... Read full article

If your home isn’t the refuge that storybooks say because of mortgage troubles, don’t give up. ... Read full article

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I received a telephone call the other day from a former client.  She stated that she and her husband had just recently built their own house.  I was very pleased to hear this and very happy for them.  These folks had previously filed bankruptcy.  And now, ... Read full article

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Filing a bankruptcy petition is a process in which you disclose important information about your assets, your debts and your income and expenses. Anyone looking at your petition can usually see all they need to know about your financial condition by ... Read full article

I was listening to Car Talk the other day.  A lady called in and described a problem with her automobile.  A noise was emanating from the engine and the noise would change in pitch as the engine revved. ... Read full article

Chapter 12 bankruptcy is debt relief for family farmers. It allows these farmers to reorganize their debts and save their farms and their way of life. But who qualifies as a “family farmer”? ... Read full article

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Lie #10: Only Big Businesses Can File for Chapter 11, Not People. ... Read full article

Due to the decline in home values over the last few years, many people now find themselves with mortgage balances on their homes that exceed the value of their home. Many homeowners are underwater on their homes because of a second mortgage. Bankruptcy can ... Read full article

In my Bankruptcy practice, I see people every day in the midst of a homeowner’s dilemma.  Try to save the house, walk away, file bankruptcy, do a modification, or what?  Most often, I spend time with them simply dispelling myths! Here are seven of my ... Read full article

Other people are fans of entertainment stars or sports franchises, or  clothing designers. ... Read full article

So, I’m sitting in my office discussing a prospective client’s financial situation and it is, indeed, grim.  So, the prospective client blurts out that, “it looks like I can’t afford bankruptcy.” ... Read full article