Top 3 things to do before filing for bankruptcy
3. Get your documents together.
- 4 Years of IRS Tax returns
- Most recent bank statements
- Last 6 months of income statements and paycheck...
Bankruptcy – C is for Chapter
C is for Chapter
Chapter 7
Chapter 7 bankruptcy is the most common bankruptcy that people file. This is the chapter that gets rid of most consumer debts in about 90 days. Most credit cards, medical bills, repossessions,...
Bankruptcy -B is for Bank Account
Bankruptcy -B is for Bank Account
Can I keep my bank account when I file bankruptcy?
Yes, you can keep your bank account when you file bankruptcy. Many people assume that they cannot keep basic things when filing for a...
Bankruptcy – A is for Assets
A is for Assets
SCHEDULES
A debtor fills out the bankruptcy paperwork and forms when filing a bankruptcy case. These forms are the Bankruptcy Schedules. Bankruptcy schedules list all of the assets a debtor owns. These...
Bankruptcy A-Z
Back by popular demand, Bankruptcy Law A-Z.
A few years ago, I covered an array of bankruptcy topics, not coincidentally, from A to Z! Check back frequently to see new and exciting posts about current bankruptcy law,...
Tax returns – How to order tax returns from the IRS for your bankruptcy case
When you file a bankruptcy case, you have to submit the last 4 years of IRS tax returns to the trustee.
Do you save your old returns? If so, good. Experts say...
Debts discharged in my bankruptcy are being reported on a credit report – what to do?
Under the Fair Credit Reporting Act (“FCRA”) as long as the reported item on a credit report it is listed as $0 balance, or included in bankruptcy, that information can stay as long as it is accurate, complete and not misleading. Therefore,...
ARAG Legal Plans – Bankruptcy Attorney Fees
I wanted to promote the fact that I am now a proud member of the ARAG attorney network. I accept ARAG legal insurance for both chapter 7 and chapter 13 filings. Contact your employer or go to your ARAG login and select me as your requested...
New Supreme Court ruling about false statements and nondischargeability of debts
The Supreme Court yesterday ruled in their most recent decision Lamar, Archer & Cofrin, LLP v. Appling, 16-1215 (Sup. Ct. June 4, 2018) that a false statement about one's assets must be in writing to provide grounds for an objection and...