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 »
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 »
Making Sense of Bankruptcy: How Can Bankruptcy Write Off My Debts?
If I legally owe debts, and maybe even have a court judgment saying I do, how can bankruptcy wipe away those debts and erase that judgment? Here’s the sentence that we’re explaining today: If you are legally obligated to pay a debt, and even if you have had a court confirm ... Read More »
