Upcoming Increase in Federal Property Exemptions
The federal exemptions are nudging up about 3%. But that only matters if you are allowed to use them, and are higher than your state ones.
Mistakes to Avoid: Selling or Borrowing against Assets Protected in Bankruptcy
Give both you, AND your assets, a fresh financial start.
Making Sense of Bankruptcy: Potential Concerns about Recent Sales, Transfers and Gifts
To discourage disposing of assets before bankruptcy, a trustee can potentially undo a prior transaction in order to benefit all creditors.
Making Sense of Bankruptcy: Filing without Your Spouse to Protect His or Her Assets
You may not need to file bankruptcy without your spouse to prevent her or her asset(s) to be liquidated.
Making Sense of Bankruptcy: What Happens if My Chapter 7 Trustee Wants to Take Something from Me?
You may or may not care if the trustee takes an asset from you, you can fight and/or negotiate, or you can benefit from letting it happen.
Making Sense of Bankruptcy: What Is a No-Asset Chapter 7 Case?
Most people who file a Chapter 7 "liquidation" case don't have anything liquidated because everything they own is protected.
Making Sense of Bankruptcy: The Words You Need to Understand
Going through bankruptcy is much more comfortable if its language is decoded for you. Hereâs a practical way to do this.
New Year Resolution #15: Get a Fast Financial Fresh Start, Leaving You with No Debts or Only the Debts You Can Handle
Chapter 7 "straight bankruptcy" is quick, usually quite straightforward, and appropriate for more situations than you might think.
New Year Resolution #8: Close Down Your Unprofitable Business While Protecting Yourself and Your Assets from Your Debts
If you've decided to close down your business, or would if you could avoid its debts, or had a way to pay its taxes, consider bankruptcy.
Crucial Question: Is it OK to Sell or Give Away Some of My Possessions Before Filing Bankruptcy?
Don't get caught up in a "fraudulent transfer." It's easier than you might think to do so, because it doesn't take fraudulent intent.
Crucial Question: How Can I Protect a Non-Exempt Asset with a Chapter 13 “Adjustment of Debts”?
Protect your otherwise unprotected asset(s) by flexibly paying to do so under Chapter 13. Maybe you wonât even need to pay anything extra.
Crucial Question: Can I Keep Everything I Own If I Do a Chapter 7 Bankruptcy?
Most people who file bankruptcy under Chapter 7 do not have to surrender anything to their trustee because everything they own is "exempt."
Federal Law Can Limit the Amount of Your State-Law Homestead Exemption
If you bought your home within 3 years and 3 months ago, bankruptcy law creates a maximum amount of homestead that you can exempt.
Income Tax Refunds in Bankruptcy-Chapter 13
If you're filing an "adjustment of debts" Chapter 13 case, what choices do you have about your income tax refund?
Income Tax Refunds in Bankruptcy-Chapter 7
If you're filing a "straight bankruptcy" case, how do you keep your income tax refund?