What is Bankruptcy? Bankruptcy laws in the United States derive from Article One, Section 8 of the Constitution, which provides that "Congress shall have the Power. . .[t]o establish uniform laws upon the subject of bankruptcies." For the first 110 years or so of our Nation, Congress passed bankruptcy laws that were only in effect for about 15 of those years. Initially, there were debtor's prisons, and those who failed to pay their debts were thrown in jail until they [...]
Be thankful for our bankruptcy laws.
How can a dancer STRIP in their bankruptcy case and come out better off and with the blessing of the court? See more on the Letter "S" in my bankruptcy alphabet.
Credit card debts and financial problems can leave you stuck like you're in quicksand. Bankruptcy is a rope that can help pull you out and allow you to live.
Bankruptcy Alphabet is "Plan" or "Planning". Coach Wooden said it best: " Failing to Plan is Planning to Fail." While the Coach didn't invent that saying himself (some sources credit Benjamin Franklin with the phrase), he certainly understood its meaning and consequences and used it consistently to help his students. Failing to Plan Has Consequences Planning leads to benefits in most aspects of life and failing to plan can lead to dire consequences. While planning might prevent the need for [...]
Are you able to rent a place after a bankruptcy? This article examines some of the issues former bankruptcy parties deal with.
How being organized can help you in the bankruptcy process and after.
The New Bankruptcy Laws Are All About Numbers People are Not Numbers When numbers are used to identify people, it's usually when they are in prison. The Bankruptcy laws used to be about helping out people (and businesses) in need. They were about equitable solutions to serious financial problems. Laws in general are designed to help society as a whole, but one must never forget it is always about people. When a potential bankruptcy client comes into my office with [...]
You can be below the median income and still not qualify for bankruptcy, and above the median and be able to qualify. Sound confusing? Read more.
Do you need to list all debts in a bankruptcy case? What about assets? What about your spouse's debts?