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
Previously, I discussed the bankruptcy rule that employers cannot fire or otherwise discriminate against employees because they filed for bankruptcy. However, I also mentioned the difficulty in sometimes proving the causation element between the filing ... Read full article
When you are considering bankruptcy, you have often been behind on payments for months. You have run up credit card debt, and missed payments on your car and mortgage. And now, perhaps your lender is threatening to repossess your car. What are your ... Read full article
The automatic stay protects consumers who file for bankruptcy One of the greatest advantages available to the debtor who is willing to consider bankruptcy as an option is the automatic stay. The automatic stay orders creditors to refrain from collection ... Read full article
You probably are more familiar with that line in its original form, “Show me the moneyyyyyyyyyyy!” as screamed over the phone by “Jerry Maguire” the sports agent played by Tom Cruise in the movie of the same name. Well, now the real life sports agent that ... Read full article
When Your Employer Files Bankruptcy… In today’s economic climate, it’s not enough to be careful with your own finances – you may face the bankruptcy of your employer. Then what? Does your employer have to continue to pay you, and give you health and ... Read full article
In re: Rankin, No. 10-62340-13 (Bankr. D. Mont., January 21, 2011). When you file for Chapter 13 bankruptcy, you propose to the bankruptcy court your plan to repay what you owe to your creditors. There are many requirements that each plan must meet in ... Read full article
The oldest of the baby boomers are just now reaching the age of retirement, and with that comes a series of new concerns. The average cost of a nursing home today is somewhere around $7,000 a month, and that number is only on the rise. For adults who ... Read full article
Although debtors are typically required to pay at least some of their unsecured debts in Chapter 13, and are required to complete a plan, it may sometimes be strategic to convert a Chapter 7 case to Chapter 13. When would this be? If a creditor objects to ... Read full article
When you consider filing for bankruptcy, if you are married you will have to decide whether to file jointly or separately. If you decide to file jointly, it will be important to know: what will happen to your spouse? What happens to your spouse will ... Read full article
Identity theft, the use of another’s personal information for fraud or deceit, is unfortunately a widespread problem. And a significant number of bankruptcies involve identity theft as well. Examples include the filing of bankruptcy with another’s name ... Read full article
What steps need to be taken when you file for bankruptcy? How will the thing pan out? To avoid the fear of the unknown, here is a general run-down of the basic steps of filing for bankruptcy and receiving a discharge. Before you file your petition, you ... Read full article
According to the state bar, 40-50% of Arizona bankruptcy filings occur without an attorney (“pro se” in legalese). Most individuals who file for bankruptcy are at rock bottom, and do not believe they can afford an attorney, or that it will be necessary to ... Read full article
As reports surface that wealthy socialite Patricia Kluge has filed for Chapter 7 bankruptcy protection, many have wondered: how can you file for bankruptcy when you are a billionaire? When United State bankruptcy laws were drafted, the focus was ... Read full article
