You might feel better informed and more comfortable around bankruptcy if you knew just a little bit about the federal Bankruptcy Code. Empowered by the U.S. Constitution The United States Constitution gives Congress the power “to establish... uniform laws on the subject of ... Read More »
How Do You Decide Whether to File Bankruptcy?
To make this decision well, accept that you need help, become well-informed about your options, then with good counsel make the best choice. Accepting Reality How can you make a good decision about something as personal and complicated as whether to file bankruptcy? First, ... Read More »
What IS Bankruptcy?
When you file a bankruptcy case, what exactly allows you to legally stop paying creditors? What do they get in return? Bankruptcy Is Simply a Legal Option Filing bankruptcy is one legal option to consider if you are having serious financial problems. It may or may not solve your financial ... Read More »
Federal Limit on the Amount of Your Homestead Exemption
If you bought your home within the last 39 months or so, federal law may limit the amount of state-law homestead exemption you can use. Protecting your assets is one of the most important goals in bankruptcy. And your home is often your most important asset to protect. There’s federal ... Read More »
The U.S. Constitution and Code on Bankruptcy
Bankruptcy is federal law, based on the U.S. Constitution and found in the Bankruptcy Code at Title 11 of the U.S. Code. If you’re considering bankruptcy and are trying to read up on it, this may help make sense of it. The U.S. Constitution The Constitution gave Congress the power “to ... Read More »
You’re Now More Likely to Be Paid More Back Wages by Your Bankrupt Former Employer
Here’s an adjustment in the law that can benefit you if you are owed wages and/or benefits by a person or business filing bankruptcy. This is the last of a series of blog posts on the effect of changes going into effect on April 1, 2016. These changes are a result of a cost of living ... Read More »
Thanksgiving for the Rule of Law
This Thanksgiving, even in the midst of scary personal financial pressures, there is much to be thankful for. Everybody can make their own individual inventory of people and situations to be appreciative of Here is a short list of what to be thankful for in the world of bankruptcy: 1. The Rule of ... Read More »
Making Sense of Bankruptcy: Using State Property Exemptions in Federal Bankruptcy
The U.S. Constitution makes bankruptcy a federal procedure. So why is the amount of assets you can protect different in each state? The sentence we’re explaining today is: The Constitution gives Congress power to make “uniform Laws” on bankruptcy, yet for much of our history it has had ... Read More »
Making Sense of Bankruptcy: The Most Basic Information
Bankruptcy empowers you with options, including “straight bankruptcy vs. an “adjustment of debts,” and options about creditors in each. This is the sentence we're focusing on today: Bankruptcy is a Constitutionally and legally valid option for addressing your debts in an ... Read More »