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Tag: how to file bankruptcy

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Bankruptcy’s Law of Preferences: Getting Garnished Wages Back

When in a tight situation financially, it can get to the point where you thought you could manage or catch up and suddenly, your bank account has been cleaned out and your wages are being garnished. This can be completely devastating as it leaves the individual (and sometimes family) without any means of immediate support. […]

How to File Bankruptcy: Proof of Self Employment Income

Anyone who files bankruptcy must include proof of their income in their filing. Most filers simply submit their pay stubs. According to Section 521 of the Bankruptcy Code, bankruptcy petitioners must send in a minimum of two months of “payment advices” (i.e. pay stubs) received from an “employer.” Bankruptcy petitioners who are self employed often […]