• July 11, 2018

    Tax Penalties and Bankruptcy

    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 […]

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  • June 27, 2018

    Bankruptcy and DUI, OWI, and DWI’s

    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 […]

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  • June 6, 2018

    Sports Memorabilia in Bankruptcy

    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 […]

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  • January 31, 2018

    Service of Process to Bankruptcy Creditors

    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” […]

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  • September 6, 2017

    Second Mortgage & Bankruptcy

    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 […]

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  • August 23, 2017

    Tax Refund and Paying Family Members Back

    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 […]

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  • July 26, 2017

    Security Deposits and Bankruptcy

    What Happens to My Security Deposit If I File For Bankruptcy? Large security deposits are common with apartments. When you leave your apartment, this security deposit money protects you from the landlord seeking damages. Many times the security deposit will be returned to you after the completion of your lease. What happens to your security […]

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  • July 5, 2017

    Bankruptcy Waiting Period

    How Long is the Bankruptcy Waiting Period? What is the time in which you must wait between filing one bankruptcy to the next?  The bankruptcy waiting period requires you to wait for eight years in between filing Chapter 7 bankruptcy cases. The Bankruptcy Waiting Period is Based on the Bible The United States bankruptcy code is patterned […]

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  • May 3, 2017

    Speeding Up Your Bankruptcy Process

    When people are overwhelmed with the debt, they many times want to get bankruptcy relief quickly.  It is possible to speed up your bankruptcy proceeding.   If you follow the suggestions below, then your bankruptcy proceeding will be completed at the fastest speed possible. Get Your Required Documents Together Quickly The bankruptcy court requires documents.  […]

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  • March 22, 2017

    Business Debts and Personal Bankruptcy

    Do You Need To File a Business or Personal Bankruptcy? Businesses can be very successful. Other times businesses face severe financial difficulties.  If your business is failing, do you need to file a business or personal bankruptcy? Business Debts Can “Get Personal” With most small businesses, it is very common for the owners to make […]

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