BankruptcyLawNetwork

Can Non-US Citizens File Bankruptcy?

02/23/13

by AZRainman

Can non-U.S. citizens file for bankruptcy?

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Bankruptcy Code Dollar Figures Raised 6.3% for Inflation

02/21/13

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The numbers are out for the April 1 inflation adjustment in dollar amounts in the bankruptcy code.  The numbers increase 6.3%.

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Bankruptcy Is Good for the Economy. Really.

02/19/13

Questions...None of my clients want to file for bankruptcy. Apart from everything else, they are conditioned by people who have a vested interest in preventing bankruptcy to think that this is a bad thing for the economy. It’s not. In fact, it is a very good thing for the economy.

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Bankruptcy requires listing all debt and filing all tax returns.

02/18/13

Listing all creditors is vital to the success of a bankruptcy case.  So is filing all required tax returns on time.  If you fail to file a tax return you might not be aware you owe the IRS money, so it would be easy to mistakenly omit that creditor from your bankruptcy case.  Even debt that will not be discharged should be listed, including certain tax debt, so that a claim can share in any distribution paid to creditors by the bankruptcy estate.

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Payday Lending May Be Back In North Carolina

02/14/13

North Carolina Senate Bill 89 was recently introduced.  It will allow payday lending in North Carolina.  This is a horrible step backwards for North Carolina.

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