State 1 earner 2 People 3 People 4 People *
Alabama $35,507 $44,922 $51,130 $61,586Alaska $47,501 $68,904 $69,414 $88,361Arizona $41,792 $55,489 $59,709 $69,210Arkansas $32,380 $43,755 $47,101 $54,721California $47,363...
Refiling Chapter 13 in IL
A client just asked me today about the chances of refiling another chapter 13 once their current case gets dismissed for lack of payments to the trustee toward their plan.
A debtor can refile at any time once the first case is dismissed...
Cosigner responsibility
I was recently asked how a bankruptcy affects a cosigner.Question: Hello. I filed for bankruptcy and was discharged a year and a half ago. At the time I had a car lease that was paid to date, but was...
Mortgage Fraud
Here is an article I saw today at Chicagotribune.com that tells of the recent charges filed in a huge mortgage fraud scheme. I touched on it in my earlier post here when I talked about the mortgage fraud seminar I attended a few months...
Barack Obama discusses bankruptcy and debt
Here is an article from suntimes.com that follows up on yesterday's post about the candidates' views on debt, the economy, and bankruptcy.
Obama has round-table talk on South Side
June 12, 2008BY ABDON M....
Presidential Candidates views on Bankruptcy
Here is an excerpt from Barack Obama's webpage, detailing bankruptcy.
Reform Bankruptcy Laws
Obama will reform our bankruptcy laws to protect working people, ban executive bonuses for bankrupt companies, and require disclosure of...
Most bankruptcy cases per capita
Here are the leading (perhaps not the best term to use) states based on bankruptcy filings per 1000 people.
1. Tennessee 6.702. Georgia 5.453. Alabama 5.294. Illinois 5.16 (total residents 12,831,970 - est. filers 66,213)5....
Can Student loans be discharged in bankruptcy?
Generally, the answer is NO. Student loans and any debt for educational purposes are not discharged in bankruptcy. There was an exception, where you could ask the court to determine that the student loan was an undue hardship, but this was a very...
US Trustee to get pay advices in all cases
Get your scanners and copiers warmed up folks....
As noted in emails from the court and on the Northern District of Illinois Bankruptcy Court homepage:
GENERAL ORDER No. 08-01
IMPORTANT NOTICE REGARDING...
Celebrities who have filed bankruptcy
Here is a list of celebrities that have filed bankruptcy in the past
- Abraham Lincoln
- Benedict Arnold
- John James Audubon
- P.T. Barnum
- John Barrymore
- Kim Basinger
- Frank...