How to Afford Bankruptcy, Followup
The Fifth Circuit , covering Texas, Louisiana, and Mississippi, has joined the First Circuit in ruling that there is no per se prohibition against fee-only Chapter 13 filings. ... Read full article
News Topic: BankruptcyLawNetwork
Search Results
Judgment Liens: No Longer Avoidable in Southern Illinois Bankruptcy Court?
An old adage says that liens “pass through bankruptcy” unaffected. As old adages go, it’s right as much as it’s wrong. Particularly when referring to judgment liens against someones home which are normally subject to “avoidance.” But a July, 2012 ... Read full article
The Risks of Co-Signing a Loan
Co-signing a loan is a dangerous thing. Too many people end up in bankruptcy due to debts they just co-signed for, so here are a few points worth considering before co-signing for a friend or family member. 1. There is a reason they need a co-signor. A ... Read full article
Electronic Payment Options Come to Southern Illinois Bankruptcy Court
Chapter 13 bankruptcy debtors can send monthly plan payments electronically to the chapter 13 trustee under a new program available in the Southern District of Illinois Bankruptcy Court – East St. Louis division. ... Read full article
Budgeting After Bankruptcy (Part Three)
Mortgage Liens Declared Invalid in Central Illinois Bankruptcy Court
A Central Illinois Bankruptcy Court Judge ruled the trustee who oversees administration of a bankruptcy case can avoid mortgage liens that do not comply with an Illinois law that requires the mortgage contain notice of the interest rate, loan amount and ... Read full article
Top 15 Lies About Bankruptcy. Lie #9: Only Deadbeats File for Bankruptcy
Top 15 Lies About Bankruptcy. Lie #10: Chapter 11 is “Business Only”
Lie #10: Only Big Businesses Can File for Chapter 11, Not People. ... Read full article
Retirement Account Contributions Not Allowed While In Chapter 13, Appeals Court Rules
Bankruptcy, Modification, and Foreclosure
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
All You Need To Know About Your Pension Check And Creditors
Other people are fans of entertainment stars or sports franchises, or clothing designers. ... Read full article
Bankruptcy and a Motion To Suspend
How Many Times Can You File Chapter 7 Bankruptcy?
What Do You Mean I Can’t Afford Bankruptcy?
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
If You Need to File Chapter 7, Don’t File Chapter 13
Accident Injury Claims and Chapter 13 Bankruptcy
Tax Withholding is NOT the Way to Balance Your Budget
Bankruptcy Discharge as Preference Defense
Five Signs That You Are Headed For Bankruptcy
Sued? Fear Not!
Often, the final trigger leading a client to call me is getting suedfor a credit card. Fear !! Scarlet Letters!! Branded For Life!! The suit can be a good thing. You have defenses, and now you start planning for your financial fresh start instead of ... Read full article