September 23rd, 2014|Comments Off on What Debts are NOT Discharged in Bankruptcy?
To receive a discharge of debts means that a federal court declares that a debt is no longer enforceable. The creditor has no legal authority to collect [...]
June 16th, 2014|Comments Off on Who Should Consider a Chapter 13?
Despite the challenges and rigors of successfully calculating, filing, and completing a Chapter 13 payment plan, there are several situations where a Chapter 13 may be the [...]
March 31st, 2014|Comments Off on Bankruptcy and the Small Business
If you own or have owned a small business that is either in distress or has closed its doors, a personal bankruptcy might be the right solution [...]
February 28th, 2014|Comments Off on Mortgage Forgiveness Debt Relief Act
EDITED ON 4/4/2014 For those hoping to close a short sale in 2014, it looks as if the Mortgage Forgiveness Debt Relief Act will be extended for [...]
January 17th, 2014|Comments Off on Do I Get to Keep My House?
There is a common misconception regarding bankruptcy that in order to receive relief under the bankruptcy code, the petitioner will have to give up all of their [...]
January 16th, 2014|Comments Off on What is a Chapter 13 and What Can It Do For Me?
Chapter 13 is a form of debt repayment provided for under the Federal Bankruptcy Act. It is a Bankruptcy filing and will be reflected on your [...]
May 14th, 2013|Comments Off on Bankruptcy and Divorce
Financial distress, failed businesses and poor property investments place enormous stress on a marriage. Therefore, it is not surprising that bankruptcy and divorce often go hand in [...]
March 29th, 2013|Comments Off on Distressed Real Estate: Legal and Tax Consequences
The “underwater home” has been a buzz term for a few years and, unfortunately, continues to be a popular topic of conversation. Although the market appears to [...]
January 22nd, 2013|Comments Off on What is a Chapter 7 Bankruptcy?
Chapter 7 bankruptcy, also called a “liquidation” bankruptcy, allows for individuals to discharge most, but not all, of their debts while still keeping the majority of their [...]