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.
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.
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 […]
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 […]
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 […]
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 […]
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