Americans are earning less money today than they did eight months ago, according to the U.S. Trustee program of the United States Department of Justice.
In order to ascertain whether a person or couple qualifies for Chapter 7, bankruptcy attorneys refer to the latest median income figures published by the U.S. Trustee. Usually, on average, these [...]
A question that many clients ask relates to Chapter 13 bankruptcy. They want to know what occurs if their financial situation changes during the time allotted with their payment plan. Remember that a Chapter 13 payment plan extends from three to five years. A lot of changes can occur in your circumstance during that time. [...]
If you are considering filing bankruptcy in order to solve your tax debt problems you should be aware of some of the issues involved. Many people believe that you cannot discharge tax debt via bankruptcy. But this is not the case. Tax debt is dischargeable if it meets the strict requirements involved in qualifying for [...]
I will be appearing on MartinoTV tomorrow, November 24th. I’ll be discussing personal bankruptcy issues. Please join me there.
MartinoTV airs weekday morning on KDVR FOX 31 from 9 a.m. - 10 a.m., and again on KWGN The Deuce from 11 a.m. - 12 p.m.
For further information go to: http://www.kdvr.com/business/martinotv/
Beginning December 1, 2009 new time deadlines for bankruptcy cases will take effect. Deadlines will be computed in multiples of seven instead of five. The change is intended to minimize instances where deadlines are due on weekends.
Bankruptcy cases involve a large variety of deadlines based on multiples of five. You are given five days to submit documents, [...]
One of the issues that my clients ask me about involves overdue utility bills. The good news is that if you have outstanding debts with utility companies before having filed bankruptcy an automatic stay will go into effect as soon as you file. This will prevent the utility companies from shutting off your utility services.
If [...]
Senator Sheldon Whitehouse has sponsored the Medical Bankruptcy Fairness Act of 2009. As of today, the bill is presently in the Committee of Judiciary. The bill would amend federal bankruptcy law to include circumstances under which a debtor, filing bankruptcy, who is medically distressed may exempt from their estate up to $250,000 of their total [...]
A bill allowing bankruptcy judges to lower mortgage payments was approved by the House a few weeks ago. It has been sent to the Senate for approval. The bill should give a bankruptcy judge permission to reduce the principal and interest rates on any mortgages in trouble. A bill has already been passed that allows [...]
Every so often, one of my divorced clients has an ex-spouse who has filed for personal bankruptcy. One of the matters they are concerned about is whether or not their ex-spouse’s bankruptcy case will eliminate obligations that were decreed in a divorce order.
The Bankruptcy Code, as it stands now, does not allow for the discharge [...]
A denial of discharge refers to your entire bankruptcy case. If you receive a denial of discharge this denotes that none of your debts will be discharged. There are a variety of causes for a denial of discharge. Refer to this section of the US CODE:Title 11 for more information.
A particular debt is considered nondischargeable [...]
