Acts of God Can Sometime Lead to Bankruptcy

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Acts of God can sometime lead to bankruptcy. Being a former all lines adjuster who was licensed in 26 states and a former pastor who holds a master’s degree in theology, I can fully understand insurance company’s concept of acts of God. I know that people who experience nature’s tragedies are sometimes under insured, and if they are already struggling financially, a tragedy like the tornado that touched down in Moore Oklahoma on Monday will certainly be the financial breaking point for some families. Continue reading →

Automobile purchases by parents for children what happens in Bankruptcy

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Many children are finding it difficult to get on their feet (and stay there) after attending college.  With the rising costs of an education and many careers with salaries that may not pay what they once did, it can be difficult to make ends meet. In such cases, it is not unusual for the parents to help their children financially.  One way parents may help their children is by purchasing an automobile in the name of the parents but allowing their children to use the automobile exclusively.

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How to Rebuild Credit Post Bankruptcy

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Most of you might think that people who file for bankruptcy protection should not be concerned with rebuilding credit, but you would be making the wrong assumption if you think such. In our American society today, we use credit for many of our daily operations in life, and unless we are loaded with cash, credit is very important to every American. So, how do you rebuild credit post bankruptcy? Continue reading →

The Wild Card Exemption in Bankruptcy

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The federal government and some state governments offer a wild card exemption for those debtors who file for bankruptcy protection. The wild card exemption in bankruptcy is most often used by individuals who file for a chapter 7 bankruptcy, a type of liquidation process for paying off unsecured debts. Continue reading →

Back Taxes and Receiving Refunds in a Chapter 13 Bankruptcy

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Payment for back taxes are usually built into a chapter 13 bankruptcy plan. Most taxes are exempt from bankruptcy discharge and in order to pay the claims back, receive priority payment status in any bankruptcy plan. The arrears occurring prior to the bankruptcy filing date are built into the plan. Where does a tax refund go when a debtor is in a chapter 13 bankruptcy plan? Continue reading →

Free Consults with Bankruptcy Attorneys

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Lets face it. When most people finally face the reality they are bankrupt, they are at the place where it can be very hard for them to pay for the help they need to get out of their financial predicament. Most bankruptcy attorneys understand their financial condition, and are willing to provide a free consultation in order to determine whether or not they are in a position to help the debtor. This article is about what some of you may need to know before you embark in free consults with bankruptcy attorneys.

American Bankruptcy Institute Law Review

Finding a Bankruptcy Attorney (Photo credit: Wikipedia)

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Bankruptcy Law and Moving out of State

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One of the leading causes of having to file for bankruptcy protection is the loss of income within your family. If you cannot replace the income, you often realize it doesn’t take long in getting way behind on your bills. In looking for a new job, many today are finding out what they have been qualified to do is no longer available where they currently reside, so they are moving out of state in order find work that they are qualified to do. How does moving out of state affect bankruptcy law? Continue reading →