How are states responding to Trump's Memorandum providing $400 (or maybe $300?) weekly extended unemployment benefits? It varies widely....
Continue readingThe Best Bankruptcy Advice: Get Legal Advice
Businesses considering bankruptcy get intense legal advice before filing. You would also be smart to get solid advice to make a good decision....
Continue readingPaying Missed Mortgage Forbearance Payments
If you took advantage of the mortgage forbearance payment option under the CARES Act, when do you have to catch up on those missed payments? ...
Continue readingConsumer Bankruptcies Sharply Decrease in April
After declining significantly since 2010, and then edging up in the first three months of this year, consumer bankruptcies sharply decline in April. ...
Continue readingProtecting Your Home Equity through Chapter 7
You can protect the equity in your home if the amount of equity is no more than the homestead exemption applicable to residents of your state....
Continue readingBankruptcy’s Many Benefits for Your Home
Bankruptcy can save and protect your home in many different ways. One of these may be just what you need. Or you may use them in combination....
Continue readingBankruptcy will not Write Off Child or Spousal Support Debts
Child support and spousal support debts cannot get written off in bankruptcy. But is your specific divorce debt legally considered support?...
Continue readingDischarging a Student Loan in Bankruptcy
Writing off a student loan in bankruptcy requires showing "undue hardship." What is that?...
Continue readingYour Debts in Bankruptcy
Bankruptcy is about debts. Different categories of debts are treated differently. The categories are secured, priority and general unsecured....
Continue readingDealing with your 2018 income taxes through a Chapter 13 Case Filed in 2019
Do you expect to owe income taxes for the 2018 tax year? Starting January 1, 2019 you can wrap that tax into a new Chapter 13 payment plan....
Continue readingFiling Chapter 13 in 2019 to Write Off More Income Taxes
Chapter 13 is a riskier, longer, and maybe more expensive way to escape a dischargeable income tax deb--but may still be your best option....
Continue readingFiling Bankruptcy in 2019 to Write Off More Income Taxes
With smart timing you can discharge--legally and permanently write off--more income tax debts, even with a standard Chapter 7 case....
Continue readingDisadvantages of a Badly-Timed 5-Year Chapter 13 Case
Following up on last week's scenario, here are the financial, credit record, and other disadvantages of a forced 5-year Chapter 13 plan....
Continue readingFiling Chapter 13 in January May Greatly Shorten Your Case
Do you need a Chapter 13 case? WHEN you file it can mean the difference between a payment plan that takes 3 years and one that takes 5....
Continue readingScenario: Filing Chapter 13 Now Shortens a Case by Two Years
Here's a scenario showing how the timing of your Chapter 13 filing can shorten your payment plan from 5 years to only 3....
Continue reading