Bankruptcy Fundamentals
Core concepts and definitions every bankruptcy petition preparer should know.
23 articles in "Bankruptcy Fundamentals"
The importance of Reaffirmation Agreements
When debtors file bankruptcy, there is an ‘automatic stay’ put in place that prevents collection efforts by creditors, pending the outcome of the case, right? Well…A majority of bankruptcy debtors own at least one family vehicle that they use for transportation, including to and from work, the grocery store, and other places. This vehicle is typically financed.
Bankruptcy FundamentalsThe Rise of the Bankruptcy Tsunami
Monthly bankruptcy filing is on the rise…a 17% increase over the same month last year. Any guesses on the percentage increase next year?
Bankruptcy FundamentalsForeclosure and Bankruptcy
Foreclosure normally begins after a homeowner gets behind on mortgage payments. The lender begins the legal process of selling the home at auction in order to get payment for the loan. The process...
Bankruptcy FundamentalsThe 5 most common credit mistakes to avoid after bankruptcy
After bankruptcy there is a rebuilding period of your finances. Here are some things to keep in mind going forward to help the process.
Bankruptcy FundamentalsTop Benefits of Hiring a Bankruptcy Attorney
When filing bankruptcy it is always great to have someone on your side who knows the ins and outs of the process. While you can do it yourself, having a great experienced attorney can really make the...
Bankruptcy FundamentalsLife After Bankruptcy
In a bad economy, bankruptcy is an unfortunate byproduct for many Americans. Filing for bankruptcy can give you a fresh start. Unfortunately your credit has basically gone down the tubes after...
Bankruptcy FundamentalsRetirement Accounts - Estate Property?
If you’re working on a case where the debtor has a large trust or retirement account, you will want to be aware of how to manage the accounts in regards to schedule Schedule B. Many debtors will...
Bankruptcy FundamentalsDischarging Taxes in Your Bankruptcy
When declaring bankruptcy, sometimes it is helpful include tax debt in your bankruptcy petition. In order to be able to discharge your taxes however, it is essential that these criteria are met.
Bankruptcy FundamentalsChapter 7: Student Loan Debts
After a debtor files under Chapter 7, not all of the debts are always discharged when it is complete. It is difficult to convince a court to discharge student loan debts.
Bankruptcy FundamentalsBankruptcy For Military Families
I found the following article that I thought you would find interesting and informative. It concerns our military families, bankruptcy and the Service Members' Civil Relief Act (SCRA).
Bankruptcy FundamentalsTax Refunds. How does this money affect your cases?
Note: this will help those of you who either don’t have a wildcard exemption or have used up the exemption with other assets.
Bankruptcy FundamentalsRetirement Accounts are not always property of the estate.
The following newsletter was written by Heath Issacs, who is a bankruptcy attorney we have done a lot of work with, from bankruptcy petition drafting, to live bankruptcy seminars.