I have been seeing a lot of commercials on television asking viewers to call their Congressman to stop Puerto Rico from filing bankruptcy. I have an opposing view. I think Puerto Rico should be allowed to file for bankruptcy. The purpose of our modern bankruptcy system is to prevent economic slavery. Many people are shocked […]
Bankruptcy – Should Puerto Rico Be Allowed to File? Read More »
Now is a great time to do some financial spring cleaning. Chapter 13 and Chapter 7 bankruptcy can help you get rid of the trash from your past so that you can move on to a better future.
Bankruptcy and Spring Cleaning for a New Start Read More »
Does anyone ever go to jail for filing bankruptcy? As long as you tell the truth in court and on your bankruptcy petition, the answer is no. People don’t go to jail for filing bankruptcy.
However, could filing bankruptcy lead someone into a sticky situation that could potentially land them in jail? The answer to this question is yes.
How To File Bankruptcy And Keep From Going To Jail Read More »
Judicial estoppel is a terrible trap for Chapter 13 and Chapter 7 bankruptcy debtors. In my opinion, it is the worst trap possible. Description of the judicial estoppel trap in Bankruptcy Here is how it works. Let’s say you file a Chapter 13 and a few years into your case, you are involved in a
Chapter 13 Bankruptcy and the Judicial Estoppel Trap Read More »
Clients often ask me why they should pay for an attorney if all of the bankruptcy forms are available online for free. The most important reason, especially in Chapter 7, is that a good bankruptcy attorney will fight for you and help you protect your assets. The rules about which assets are protected in a
A Good Bankruptcy Attorney Is Worth Good Money Read More »
Donald Trump has recently been under attack for filing bankruptcy. I would like to take this opportunity to defend him and our bankruptcy system. Trump has stated, “I have used the laws of this country…the [bankruptcy] chapter laws, to do a great job for my company, myself, for my employees, for my family.” see CNN
Defending Donald Trump and Our Bankruptcy System Read More »
Earlier this year, I predicated that an earthquake may erupt in 2015 in the Georgia bankruptcy world. It has. The Georgia garnishment statute has been declared unconstitutional. The Daily Report states, “Thursday’s ruling by U.S. District Senior Judge Martin Shoob said that the statute violated constitutional guarantees of due process by not giving debtors enough
Earthquake in the Georgia Bankruptcy World Read More »
Chapter 13 and Chapter 7 bankruptcy are great tools for lightening a person’s debt load. With both chapter 13 and Chapter 7, you can eliminate medical debt, credit card debt, and other types of unsecured debt. Shrinking your debt can be critical to your financial and emotional health. If the load gets too heavy, something
Bankruptcy Can Help Lighten The Load Read More »
The Wall Street Journal says that the college graduation class of 2014 is the most indebted class ever in the history of our great nation. Many for-profit colleges across our country have enslaved many of their customers with student loan debt. Recently, the Department of Education has announced some relief to students who were victimized
Dept. of Ed Offers Some Debt Relief for Corinthian Student Loans Read More »
Bitcoins have the potential to change the way the world does business. I believe bitcoins also have the potential to impact the bankruptcy world. After reading my headline, I bet some of you are asking yourself, “What is a bitcoin?” Bitcoin is a virtual currency that was created in 2009 by an unknown person using
Bankruptcy and Bitcoins Read More »