News Topic: BankruptcyQuestionsNationalBankruptcyForum

Filing timely tax returns is key if you wish to discharge tax debt in bankruptcy It is possible to discharge income tax debt in bankruptcy, however, not all taxes are eligible and timing plays a very important role. If you’re anticipating tax troubles on ... Read full article

I Need to File Bankruptcy, But I’m Worried About My Job… If you have a job, need to file bankruptcy, and are worried about getting fired because of it, you probably shouldn’t be. The bankruptcy code prevents employers from firing you just because you have ... Read full article

Collection Efforts Prohibited by Bankruptcy Discharge Once you file for bankruptcy and receive your discharge order from the court, creditors are prohibited from attempting to collect on debts that were included in your bankruptcy, period. Section ... Read full article

The decision to file for bankruptcy is not an easy one. As a Dallas bankruptcy lawyer, I serve many clients who face stress and anxiety over the process each day, which is why I feel that education and information are powerful tools. Consumers need to ... Read full article

I’m Deep in Debt, How Can I Avoid Bankruptcy? Let’s face it, no one wants to file for bankruptcy, however, in certain circumstances bankruptcy is the best solution for dealing with debt that has gotten of control.  In this post, we’ll provide some helpful ... Read full article

If the ebt wsa discharged in your BK, you are not liable. Additionally, the company seeking to enforce the debt may be liable for violating the discharge order. You may be entitled to monetary damages. You should consult with a BK attorney in your ... Read full article

Does the Means Test Violate the First Amendment? The bankruptcy means test, a much-maligned formula for determining chapter 7 eligibility, has been criticized on many grounds since it’s enactment as part of the 2005 Bankruptcy Abuse Prevention and Consumer ... Read full article

The sad story of the Titanic ocean liner has been in the news recently with the 100 year anniversary of its demise at sea and those that perished with her.  How can the sad tale of this ship provide instruction for us today when planning for and filing ... Read full article

Florida, like most states, has exemption laws that allow residents to shield property from creditors. The Florida bankruptcy laws operate to protect property from the bankruptcy trustee and allow debtors to maintain their assets through the bankruptcy ... Read full article

Southern District of Florida Bankruptcy Information Although bankruptcy courts are part of the federal system, practice and procedure can vary greatly by jurisdiction. Florida, as one of the largest states in the country, has three federal districts ... Read full article

Yes ... Read full article

As a Fort Worth bankruptcy attorney, I have many clients that come in worried about their credit. While I can confidently say that the bulk of any damage to their credit happens long before they ever file for bankruptcy, I do understand their concerns and ... Read full article

Problems With Reaffirmation Agreements of HSBC Subsidiary A couple months ago, I got a call from a prospective client (who we’ll call Jim). At the time he called, Jim was involved in a pro se adversary case involving a dispute over the terms of a ... Read full article

What stops people from filing for bankruptcy? Is it fear, pride or a belief that declaring bankruptcy is in some way unethical? If you stopped and asked 10 people on the street for the number one reason not to file bankruptcy, most would mention damage to ... Read full article

Clients are always concerned about their credit score.  It is not unusual for the question “How will bankruptcy affect my credit score?” to be the first thing that comes out of someone’s mouth when they consider bankruptcy as an option.  Although ... Read full article

Retirement Accounts and Bankruptcy One of the biggest myths about bankruptcy is the idea that you will lose your retirement savings if you file. Generally speaking, this is not true. Section 522 of the Bankruptcy Code allows individual retirement accounts ... Read full article

Debt Collectors Cannot Use False or Misleading Statements to Collect a Debt Under the Fair Debt Collection Practices Act (FDCPA), a debt collector is prohibited from using false or misleading statements in order to collect a debt. A new decision out of the ... Read full article

The Basics of Credit Card Debt and Bankruptcy In an economy where housing problems dominate the headlines, high interest credit cards still remain one of the largest issues consumers face in their fight for financial health. It should come as no surprise ... Read full article