Most debts get written off—discharged—in bankruptcy. The only ones that aren’t are specifically listed in the Bankruptcy Code. Debts Covered by the Discharge The basic rule is that all your debts get discharged in bankruptcy unless a particular debt fits a listed ... Read More »
Bankruptcy Timing and the Holidays: The “Cash Advances” Presumption of Fraud
If you can, don’t do cash advances during the holidays if you’re contemplating filing bankruptcy. If you do, understand the rules about them. In our last blog post we explained the “luxury” presumption of fraud. This provision in bankruptcy law increases the risk that ... Read More »
