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Category: Bankruptcy Law Archive

Bankruptcy Alternatives

The 4th Step in Becoming Debt Free in 2015: Your Time on Stage

Once your bankruptcy case is filed, you’ll be surprised how quickly and smoothly the process moves along. Remember that millions have filed bankruptcy before you and the process has been fine tuned into a streamlined process. Tens of thousands of bankruptcy cases are handled per month in each state across ...
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bankruptcy advice

The First Step in Becoming Debt Free is to Find a Bankruptcy Lawyer

Far too many New Year’s resolutions are related to improving the financial situation. If you find yourself making the same resolution to get out of debt year after year with little to no change in your total amount of debt, it’s time to approach it more practically. The first step ...
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avoid common bankruptcy mistakes

Top 3 Mistakes People Make Before Filing for Bankruptcy: Avoid Common Bankruptcy Mistakes

Once you’ve made the decision to file for bankruptcy, it is usually best to take your time to ensure it is done right. It is very rare that a bankruptcy needs to be filed on an emergency basis. Unless you fall into this rare instance, take the time necessary to ...
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Bankruptcy Issues

What Happens to a Joint Banking Account When One of the Account Holders Files for Bankruptcy?

Now and then questions arise during a bankruptcy case regarding bankruptcy and joint accounts. For instance, a young man may be a joint account holder on his grandmother’s account in order to aid her in her banking needs. The money in the account is the grandmother’s: her savings and her day-to-day ...
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bankruptcy code

New Decision Provides Support for Taxpayers Hoping to Discharge Tax Debt in Bankruptcy

September 2014 saw the United States Court of Appeals for the Ninth Circuit making a landmark decision – one strongly in favor of debtors who are hoping to receive relief by the discharge of tax debt in bankruptcy. The decision was made in relation to Hawkins v. Franchise Tax Board ...
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bankruptcy code

The Proposed Bankruptcy Fairness and Employee Benefits Protection Act of 2014: Restrictions on Employers in Bankruptcy

Legislation that was recently introduced in the Senate called the Proposed Bankruptcy Fairness and Employee Benefits Protection Act of 2014 would limit the abilities of corporations who are in the midst of bankruptcy to alter the pay rate or benefits that is provided to employees and/or retirees of the company. ...
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bankruptcy and marijuana

Bankruptcy and Medical Marijuana: Are There Any Special Rules or Exceptions?

In a recent bankruptcy filed by Mr. and Mrs. Arenas, the question of whether or not income from medical marijuana makes a difference in the consumer’s ability to benefit from bankruptcy discharge. Mrs. Arenas was disabled. Her disability and pension benefits of about $3,000/month combined with her husband’s income to ...
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bankruptcy case

Bankruptcy Proceedings: Does Filing for Bankruptcy Mean I Have to Go to Court?

Bankruptcy is a legal process so it’s not surprising that many consumers considering filing Chapter 7 or Chapter 13 worry about what will be required of them. First and foremost at the top of the anxiety list for many is one question: Will I have to go to court during ...
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Bankruptcy Issues

The Story of Post-Bankruptcy Mortgages

Filing for Chapter 7 or Chapter 13 personal bankruptcy means a mark on your credit report for as long as 10 years. But contrary to the belief of many who fear filing for bankruptcy because of this fact, a record of bankruptcy on your credit report for up to 10 ...
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2005 bankruptcy provision

Should Congress Rescind the Bankruptcy Provision Blocking the Discharge of Student Loans?

So many student borrowers are in default on their loans that many are beginning to demand why. What is it that is driving so many student borrowers to default on their debt? Students who pay for college with federal student loans can avoid default. If their situation is such that ...
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