Tag: personal bankruptcy Archive
Your Credit Union and Your Bankruptcy
Justin Harelik
November 16, 2015
Credit unions are allowed special circumstances in regards to a member filing a bankruptcy. If debt to a credit union is included in a Chapter 7 bankruptcy there is no hope for continuing current or future association with them or any other branch whatsoever. Eliminating debt during a bankruptcy with ...
Read More →
Personal Bankruptcy: How Does it Affect a Trust?
Justin Harelik
October 19, 2015
When a trust is thrown into the mix, a personal bankruptcy can take on a whole different appearance. First and foremost, it is essential that you are aware of who is in control of the trust assets. Although you are able to file bankruptcy on your own, having an attorney ...
Read More →
Filing Bankruptcy Without Involving Your Spouse
Justin Harelik
June 4, 2015
In some instances, it makes sense for individuals to file bankruptcy as a couple. In other situations, it makes more sense to have one spouse filing for bankruptcy. Luckily, bankruptcy law allows spouses to file bankruptcy separately, but it’s impossible to keep a spouse completely “out” of the bankruptcy proceedings. ...
Read More →
How Does a Personal Guarantee Affect an LLC Bankruptcy?
Justin Harelik
August 31, 2014
At times individuals need to consider what would be best for them: filing for a personal bankruptcy or filing for a bankruptcy through an LLC. In many cases, small business owners will find their personal finances in ruins due to the extensive investment (of both time and money) creating a ...
Read More →