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...
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...
Chicago Begins To Rethink How Bankruptcy Lawyers Get Paid
Chicago Begins To Rethink How Bankruptcy Lawyers Get Paid - A ProPublica article by Melissa Sanchez.
Judges are demanding that lawyers tell their clients that their other debts might not get paid, but their lawyers...
Could we see a shift to No Money Down Chapter 7 bankruptcy cases?
There is some talk that the bankruptcy code should allow debtor's attorneys to file chapter 7 cases for no money down. A recent Bloomberg Article discusses this
https://www.bna.com/legal-news-rss-n57982058758/
By Daniel Gill
A push to...
Nearly 5 Million Americans are in default on student loan payments
Nearly 5 Million Americans are in default on student loan payments
A recent Wall Street Journal article discusses the shocking study about student loan payments in default.
"The number of Americans severely behind on payments on...
Post-petition interest on IRS taxes is not discharged upon successful completion of chapter 13 bankruptcy plan.
"'In this world nothing can be said to be certain, except death and taxes." - Benjamin Franklin.
This is a tough pill to swallow for debtors who successfully complete a chapter 13 bankruptcy case.
In re Thaxton (Bankr. S.D. W. Va.,...
Supreme Court denied bankruptcy trustee certiorari petition regarding fraudulent transfer.
The Supreme Court did not grant certiorari from the 4th Circuit to resolve a spit of decisions, and thus declined to rule on whether a transfer into someone’s own bank account qualifies as a “transfer” on which a fraudulent transfer suit...
Bankruptcy petition preparer indicted for fraud
Bankruptcy Petition Preparer indicted - Southern District of Illinois - Bankruptcy Court
Don't overlook the importance of hiring a bankruptcy attorney to help you file bankruptcy. The attorney knows how to file the case,...