There are two typical types of financial setbacks that lead to bankruptcy for most people: a huge surprise, and a slow and steady increase in debt. If you are on the surprise side of things, as many of us are from time to time, it is important to follow ... 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
Many people who have considered bankruptcy are aware of the fact that bankruptcy treats secured and unsecured debts very differently. If most of your debt is secured, should you even consider bankruptcy? If not, what are your other options? Secured debts ... Read full article
How Donald Trump Uses Bankruptcy to Become More Successful It is not uncommon for a client to ask about Donald Trump and other famous large-scale bankruptcies. How can a rich person like Donald Trump file for bankruptcy, and how does he seem to come out ... Read full article
Losing Your Driver’s License Can be a Big Headache Losing your driver’s license can have a huge impact on your life. Without a license, meeting basic needs is much more difficult. Suddenly, you may still have to make car payments, but cannot use your car ... Read full article
Joint Accounts for Married Couples: Can Your Financial Choices Lead to Divorce and Bankruptcy? Several surveys report that the majority of married couples put all of their money in joint accounts. However, that number is less than it used to be, and ... Read full article
How Can Bankruptcy Turn the Tables for the Debtor When people consider filing for bankruptcy, their first concern is usually what negative consequences may stem from their decision. Making the decision to file for bankruptcy is an important one, and one ... Read full article
Bennett v. Bennett (In re Bennett), No. 09-44442-BDL (Bankr. W.D. Wash., January 19, 2011). When you file for bankruptcy, any “interested” party can ask the court to dismiss your case. If the court finds that you abused the bankruptcy laws, by lying or ... Read full article
Some Believe Bankruptcy Laws Exacerbated Housing Market Crisis in Arizona Could laws changing the requirements for filing bankruptcy worsen or even cause the housing crisis we have seen in the United States over the last three years? Some believe so, ... 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
What is a Lien strip? A Lien strip is possible only in a Chapter 13 bankruptcy and only if the fair market value of the property is less than the total amount of money due on the first mortgage. In that case a second and third mortgage if any can be ... Read full article
Bankruptcy Filings Lower in Tucson, Arizona and Phoenix, Arizona Than Last Year Arizona bankruptcies have been declining in number for the last 9 months. Statewide filings fell 23 percent in October of 2011, and overall bankruptcy filings are down 13 ... Read full article
A bankruptcy discharge is one of the most common reasons for filing for bankruptcy. A discharge releases you from personal liability for debts that qualify under federal law. It is a permanent order granted by a bankruptcy court. Any debts you ... Read full article
