Category: Bankruptcy Law Archive
The 4th Step in Becoming Debt Free in 2015: Your Time on Stage
Justin Harelik
December 26, 2014
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 ...
Read More →
The First Step in Becoming Debt Free is to Find a Bankruptcy Lawyer
Justin Harelik
December 17, 2014
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 ...
Read More →
Top 3 Mistakes People Make Before Filing for Bankruptcy: Avoid Common Bankruptcy Mistakes
Justin Harelik
December 11, 2014
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 ...
Read More →
What Happens to a Joint Banking Account When One of the Account Holders Files for Bankruptcy?
Justin Harelik
December 5, 2014
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 ...
Read More →
New Decision Provides Support for Taxpayers Hoping to Discharge Tax Debt in Bankruptcy
Justin Harelik
December 3, 2014
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 ...
Read More →
The Proposed Bankruptcy Fairness and Employee Benefits Protection Act of 2014: Restrictions on Employers in Bankruptcy
Justin Harelik
December 1, 2014
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. ...
Read More →
Bankruptcy and Medical Marijuana: Are There Any Special Rules or Exceptions?
Justin Harelik
November 28, 2014
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 ...
Read More →
Bankruptcy Proceedings: Does Filing for Bankruptcy Mean I Have to Go to Court?
Justin Harelik
November 26, 2014
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 ...
Read More →
The Story of Post-Bankruptcy Mortgages
Justin Harelik
November 19, 2014
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 ...
Read More →
Should Congress Rescind the Bankruptcy Provision Blocking the Discharge of Student Loans?
Justin Harelik
November 17, 2014
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 ...
Read More →