BankruptcyLawNetwork

Most of us have an idea of what income is for federal or state tax purposes.   Wages are income, as are gains on the sale of stock.  Dividends and interest also qualify.   We know that.  It’s intuitive and easy to understand. The classic definition of income is that it’s the return on labor or capital.  [...]

You tried every possible way to avoid it, but you finally decided that you had no choice–you filed a bankruptcy.  But you want to continue to pay some creditors, like your house payment and your car payment.  But when you go to make a payment online, or set up a bank draft, you find that [...]

Some banks recently started charging debit card use and other fees. (For more, see this post by Andy Miofsky, Illinois Bankruptcy Attorney, http://www.bankruptcylawnetwork.com/banks-want-higher-debit-card-fees/, and my earlier http://www.bankruptcylawnetwork.com/wells-fargo-bank-charging-monthly-de....) The New York Times recently reported how the practical problem of changing an online account from one bank to another contributes to how some banks now charging debit [...]

The New York Times proclaimed Harvey Miller “The Most Prominent Bankruptcy Attorney in the Nation.”  Mr. Miller may be best known for his representation of Lehman Brothers and General Motors in bankruptcy court.  His firm website lists his advocacy for one side or another in a page-full of bankruptcy cases, a who’s who of corporate [...]

In the on-going saga of Missouri bankruptcy exemptions, some apparently-settled debtor protections have recently been destabilized.  And this caused an apparent split among bankruptcy judges on at least some of these protections. Recently, this on-going evolution visited the daily wages of consumers.  Missouri has a law which protects a large portion of an individual’s income [...]