March 24, 2021
Does Job Layoff lead to Bankruptcy? Job layoffs can be very unexpected. They always have a large effect on a family’s budget. Frequently job layoff and bankruptcy go hand in hand. Debts can simply no longer be paid if the income loss from a layoff is too great. You can, however, do a few simple […]
December 22, 2020
Home Office Equipment- Is it Exempt in Bankruptcy? We have had many clients asking about bankruptcy exemptions during the pandemic. During COVID-19, a large number of people were forced to transition to working at a home office. In this process, a large amount of home office equipment was purchased to make it easier to work […]
August 19, 2020
Boats & Bankruptcy: Can I Keep My Boat in Bankruptcy? A lot of people have asked the boats and bankruptcy question over the years. You can usually keep your boat during your bankruptcy case. Boats, however, are usually considered non-essential items in bankruptcy. Because they are considered non-essential in bankruptcy, certain factors may play into […]
August 14, 2019
Have you heard the popular advertisement for $500 bankruptcy? These advertisements usually have more truth and substance behind them than $0 or $200 in bankruptcy and similar ads. What are you actually getting for these $500 bankruptcy offers? The answer may surprise you. $500 Bankruptcy May Only Be Partially Accurate When you hear an advertisement […]
July 11, 2018
Many clients have asked about tax penalties and bankruptcy. Tax penalties are a difficult burden. You usually receive tax penalties after an IRS or State Revenue audit or review. In such as situation, you are usually forced not only to pay the newly assessed tax but also the tax penalty for not following the taxing […]
June 27, 2018
An intoxicated driving offense (such as a DUI, OWI, or DWI) can have a devastating effect on both the driver and the people around him. Sometimes expensive legal fees can be the only result. Other times something much worse can happen such as somebody being injured or property being damaged. Bankruptcy will not always eliminate […]
June 6, 2018
Can I Keep Sports Collectibles or Sport Memorabilia in Bankruptcy? Collecting sport memorabilia can be an enjoyable, lifetime hobby. If the hobby grows, sometimes it can even turn into a business. Sports memorabilia can reach up to a very high value level for particularly desirable items. Ball cards, autographs, and historical items can sometimes generate […]
January 31, 2018
If I file Bankruptcy, Will I Need to Provide Service of Process to All My Creditors? If you file for bankruptcy, all of your creditors will receive appropriate service of process automatically through the Federal Court’s noticing system. Usually, you or your attorney will not need to directly notice your creditors. Initial “service of process” […]
September 6, 2017
What Happens to My Second Mortgage If I File for Bankruptcy? A second mortgage can be a huge burden to a homeowner. Second mortgages and home equity loans are usually sought to pay for unexpected bills that life may bring. What happens to a second mortgage when you file for bankruptcy? A second mortgage usually […]
August 23, 2017
Should I Use My Tax Refund to Pay My Family Member Back? If you are considering bankruptcy, you may not want to use your tax refund to pay your friend or family member back. Bankruptcy has certain rules and regulations to prevent fraud and other unfair situations. Paying family members back with your tax refund […]
