News Topic: BankruptcyQuestionsNationalBankruptcyForum

By: Aaron Huff Divorce filings and Bankruptcy filings often intersect.  In my years as an attorney practicing heavily in bankruptcy law, I have seen countless individuals in consultations where a divorce is an issue.  It is such a frequent occurence that I ... Read full article

How the Bankruptcy Means Test Works More and more consumers these days are becoming familiar with the bankruptcy Means Test and they are calling bankruptcy attorneys asking if they pass the Means Test. The Means Test is a test that you have to pass in ... Read full article

Are There Alternatives to Bankruptcy?  Some things that you might consider doing as an alternative to filing bankruptcy would be to sell assets that you may have to pay your debts. Also, you might want to try to negotiate with your creditors to see if you ... Read full article

If I received a 1099 from a Creditor After My Bankruptcy Case is Completed:  Is this Taxable Income? I’m often asked this question by my clients around tax-time as to what effect does their bankruptcy have, if any, on their income taxes.    The exact ... Read full article

The appellate battle between Congressman Ruben E. Hinojosa over his sealed bankruptcy petition is heating up.  It is apparently too hot to handle because it is on its fourth district judge after an unexplained transfer and two recusals.   The appeal ... Read full article

I get a number of calls every month from people in despair who have no money at all and cannot afford to hire a bankruptcy attorney.  I do pro bono work in fact I do quite a bit of it, I just do not take pro bono cases that come in the front door so [...] ... Read full article

A Chapter 7 bankruptcy may provide a person inundated with debt some relief. A Chapter 7 bankruptcy gives the debtor an opportunity to liquidate certain assets in exchange for a discharge from debts owed. Creditors included in the bankruptcy will be ... Read full article

If you are experiencing serious financial difficulties in Illinois and your income is less than Illinois’ median income, then you can file a Chapter 7 bankruptcy, if you meet other minimum criteria. But if your income is greater than the State’s median ... Read full article

The Home Affordable Modification Program, HAMP, a home loan modification program to avoid foreclosure, once touted as key to helping millions of homeowners who were “underwater” due to plummeting home values, suffered a loss when the House of ... Read full article

In some circumstances, foreclosure can be inevitable – loss of employment, changes in life circumstances, divorce – all can result in the loss of one’s home. Bankruptcy can often help protect people in tough circumstances from liability on their mortgages, ... Read full article

With health care costs rising one would think that hospitals are doing well, especially in Massachussets that has an Obamacare style individual mandate health insurance requirement signed into law by former Governor and GOP Presidential hopeful Mitt ... Read full article

Beatrice Bakery Company who makes Grandma’s Fruitcake has filed for Chapter 11 bankruptcy protection in Lincoln, Nebraska.  They are operating under a 90 day cash collateral order.  Read the documents: Docket Report 1 Petition filed by their bankruptcy ... Read full article

Soap opera star Hunter Tylo has filed for bankruptcy.  It appears she has some medical debt and from the list of creditors, for more information on her creditors see this article about Hunter Tylo’s bankruptcy.  This case shows like the other celebrity ... Read full article

In a rare filing for a charter school Tarek ibn Ziyad Academy a charter school south of Saint Paul, Minnesota, filed Chapter 7 bankruptcy.  The filing is interesting because it lists no assets at all, not a penny, no furniture, no nothing.  The school has ... Read full article

 Lawyers’ fees will vary from attorney to attorney.  However, the actual court cost for filing bankruptcy will not deviate.  For Chapter 7 bankruptcy, the current filing fee charged by the Clerk of the U.S. Bankruptcy Court is $299.00.  For Chapter 13 ... Read full article

Bell County Kentucky County Clerk Becky Blevins files for Chapter 13 bankruptcy. Bell County Kentucky Court House photo courtesy of W. Marsh on Wikimedia Commons. Another elected official has filed for Chapter 13 bankruptcy.  This time it is Becky Blevins, ... Read full article

I guess this is a great year for bankruptcies, the usual mix of celebrities and corporations now includes a college that has been open for over 150 years.  All is not lost because apparently the State of Tennessee will be taking over the college and ... Read full article

You Can Keep Your Car When You File Bankruptcy Although these days riding the bus may be the more green mode of transportation, for many people driving their car is something they cannot do without and in order to be able to truly have a fresh start. Then ... Read full article