Category: Bankruptcy Law Archive
Should Stabilized Leases Be Exempt from Bankruptcy Proceedings?
New York and California lay claim to the greatest concentration of rent-regulated housing in the United States. Between the two much-loved states there are almost 70 municipalities. These programs were established in various communities after World War I to create balance; a situation in which landlords (or owners) could make ...
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The Trustee Assigned to Your Bankruptcy: What If You Know Him?
Anyone who files for bankruptcy in the U.S. is assigned a trustee who will administer the case. A trustee must be impartial in order to carry out the expected duties. If you personally know the trustee assigned to your bankruptcy, the relationship represents an ethical issue. During the bankruptcy process, ...
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Who Is Notified When You File for Bankruptcy in California?
Many individuals who consider filing for bankruptcy immediately start to worry about who will know that they have filed. They can’t help but wonder, who exactly knows when you file for bankruptcy? When you file for bankruptcy, the filings will become a part of the public record (as will most ...
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Changes to Bankruptcy Filing and How They Could Affect You
There have been several changes to U.S. bankruptcy laws since 2005 that make it harder to file in comparison to years past. When changes such as this are implemented towards a process that was created to protect the average consumer from financial ruin, it’s important to know how they will ...
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The Baby Boomers and Bankruptcy in Retirement
It’s that time…the Baby Boomers are approaching retirement age. For a variety of reasons (medical expenses, declining home values, downturns in the stock market, etc.) many aren’t able to retire while maintaining a good standard of living. Some aren’t able to retire at all or they have to take a ...
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Bankruptcy: Is That My Only Option or Are There Bankruptcy Alternatives?
Bankruptcy isn’t always the best answer in a financial crisis. When filing for bankruptcy, it could be necessary to risk non-exempt assets, certain debts may not be eligible for discharge, and in some cases individuals or couples may not even be eligible to file for bankruptcy. To ensure that bankruptcy ...
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Post-Bankruptcy Tips: 6 Things You Can Do to Repair Your Credit Score After Bankruptcy
you decided to declare bankruptcy. You got in touch with a great bankruptcy attorney. He filed on your behalf. You received your discharge and you haven’t felt this financially free in a long time. Your next step is to make sure that you keep that freedom. You adopted a new ...
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Is There a Difference Between Credit Counseling and Debtor Education?
When filing for an individual bankruptcy, you need to complete credit counseling and debtor education. The two are distinct and fulfill different purposes. Some question the need for both and may even find themselves confused. What is the difference between credit counseling and debtor education? The most obvious difference is ...
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Bankruptcy and Examples of Fraudulent Transfers
Many bankruptcy filers don’t realize how the stakes are if they try to transfer property fraudulently that is associated with the bankruptcy. Consider these examples of situations in which a debtor could be accused of bankruptcy fraud: Consider if you owned a vehicle worth $10,000. There are no liens on ...
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Bankruptcy is a Solution to a Specific Problem: Not a Cure-all
In the old days, many households put a lot of faith in traditional “cure-alls.” They were ointments, teas or oils that were used to cure…well, everything. An interesting fact about many popular cure-alls from the past is that a large number of them included the same main ingredients: onions, kerosene, ...
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