Bankruptcy Fundamentals

Core concepts and definitions every bankruptcy petition preparer should know.

26 articles in "Bankruptcy Fundamentals"

Bankruptcy Fundamentals

Chapter 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 Fundamentals

Bankruptcy 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 Fundamentals

Tax 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 Fundamentals

Retirement 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.

Bankruptcy Fundamentals

Bankruptcy and Online Discovery Methods

Virtual bankruptcy assistants are trained professionals who work for licensed bankruptcy attorneys nationwide. One of the many methods they use for every case is an Internet search for liens...

Bankruptcy Fundamentals

The Hair Piece that Could

When drafting bankruptcy petitions, it is very important to document and report ALL allowable monthly expenses that the debtor has.

Bankruptcy Fundamentals

Will $5 Per Gallon Gasoline “Fuel” Bankruptcy?

It's the right time to be in the bankruptcy business, and here is just one more example why — gasoline that costs $5 per gallon.

Bankruptcy Fundamentals

Discharged, Dismissed, and Revoked Bankruptcy

There are several outcomes to a bankruptcy case. We’re familiar with the two most common, which are:

Bankruptcy Fundamentals

PayPal Accounts and Bankruptcy

We had an interesting situation this week that turned out badly for the debtor.

Bankruptcy Fundamentals

A Typical Example of an INSIDER DEBT in Bankruptcy

I worked on a bankruptcy petition this week that involved a couple who had worked at the same job for 25 years. They owned no real property and no unexempt personal property. Their credit card...

Bankruptcy Fundamentals

New Bankruptcy Bill Just Released by Senate

Prior to recessing, Senator Whitehouse (Democrat-Rhode Island) introduced S. 1624, designed to amend Title 11 of the Bankruptcy Code to provide protection for medical debt homeowners; to restore...

Bankruptcy Fundamentals

Bankruptcy and eDiscovery Methods

Virtual bankruptcy assistants are trained professionals who work solely for licensed bankruptcy attorneys nationwide. One of the many methods they use for every case is an internet search for liens...