Monthly Archives: December 2012
If you expect to owe 2012 income taxes, and you file bankruptcy after December 31, that tax can be “included” in your case.
The risk that creditors will not allow you to discharge some of their debts can be minimized through smart timing of your bankruptcy.
Closing down a business can be messy. A bankruptcy filed to deal with the financial fallout of a business closure is often more complicated than a normal consumer bankruptcy case. But not necessarily. In one respect at least, a business bankruptcy can actually be much easier than a consumer one. If you’ve owned a small […]
The headline story: many more Americans now believe that strong conflict exists between the rich and the poor. The surprising backstory: our attitude has NOT changed about how the rich got to be that way. This follows up on my recent blog about the report by the Pew Research Center titled “Rising Share of Americans […]
Your abundant love for your children, spouse, and others is not defined by an (over)abundance of holiday gifts.
When you start a Chapter 13 plan, it’s good to have Chapter 7 available as a backup plan.
Many more Americans now believe that strong conflicts exist between the rich and the poor. After years of very high unemployment, millions of home foreclosures, and months of the Occupy Movement dominating the news, maybe this is not so surprising. But there ARE some unexpected and important twists in this change in attitude. Earlier […]
One advantage of filing a Chapter 13 case is that you can get out of it at any time. But what happens if you do dismiss your case?
Very few people who want to file Chapter 7 bankruptcy need to take the means test all the way to its limits. But if you do, you better have some iron-clad “special circumstances” to defeat your “presumption of abuse.” The means test triggers whether or not your case is presumed to be an abuse […]
You can usually get out of an ongoing Chapter 13 “adjustment of debts” bankruptcy case by simply asking to do so.