Bankruptcy Means Test

Filing Bankruptcy Without an Attorney

06/28/11

According to the state bar, 40-50% of Arizona bankruptcy filings occur without an attorney (“pro se” in legalese). Most individuals who file for bankruptcy are at rock bottom, and do not believe they can afford an attorney, or that it will be necessary to a successful outcome of the proceedings. However, the importance of an [...]

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Defiant Texas Congressman Ruben Hinojosa fights efforts to unseal his bankruptcy petition

06/26/11

When Texas Congressman Ruben Hinojosa, who represents the 15th District which goes from McAllen at the Mexican border through Corpus Christi and up to Victoria, voted for the bankruptcy reform bill BAPCPA in 2005, little did he know that he would be subject to its provisions himself. Congressman Hinojosa whose family business has a loan [...]

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Assessing Your Financial Situation Pre-Bankruptcy

06/22/11

Often, people wait too long to file bankruptcy. Considering bankruptcy to be a last resort is probably a wise thing to do, and there are often many things an individual can do to prevent bankruptcy. However, waiting too long can mean that bankruptcy protects less of your assets than it might otherwise be able to, [...]

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Private School Tuition in Chapter 13 Bankruptcy

06/16/11

Everyone filing for Chapter 13 bankruptcy knows they will make a plan that must be approved by the bankruptcy court in order for them to proceed. But what may be included in that plan? The Bankruptcy Code uses vague terminology such as “fair” and “reasonable” to define what costs a debtor can claim are necessary [...]

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