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You Can File For Bankruptcy Without Your Spouse

Submitted by Anonymous (not verified) on Sat, 01/04/2014 - 05:00


If you’re married, you can file for bankruptcy without your spouse.
I could make this into a longer article, telling you a story or painting a broad picture.
But it’s not necessary.
There’s no law that requires you to file for bankruptcy with your spouse.
You don’t need your spouse’s permission to file for bankruptcy.
Your spouse’s social security number isn’t going to go onto your bankruptcy petition.

How California Law Protects You From Creditors When Your Spouse Files For Bankruptcy

Submitted by Anonymous (not verified) on Fri, 01/03/2014 - 13:00

Family Protection
Marriage binds us to one another. In sickness and in health, for richer and poorer, to honor and to cherish.
Married couples in community property states such as California find that one spouse’s bankruptcy protects the other.
How can it be?

Here’s The Surprising Reason Why We May Meet This Year (And How I Know)

Submitted by Anonymous (not verified) on Thu, 01/02/2014 - 08:00

future wave of student loan problems
By watching the debt profiles of my clients, I could have predicted most of the economic problems of the past 18 years.
Of course, hindsight is 20/20. But I’d be willing to wager that I can tell you exactly who’s going to be filing for bankruptcy over the next 18-24 months unless something happens in Washington.

California Homeowners Won’t Pay Taxes After Mortgage Problems, IRS Confirms

Submitted by Anonymous (not verified) on Wed, 01/01/2014 - 13:00

no tax due
When the Mortgage Forgiveness Debt Relief Act expires on January 1, 2014, tens of thousands of homeowners will feel the tax hit. Not so for people in California.
The Mortgage Forgiveness Debt Relief Act exempts from taxation the mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale, loan modification or foreclosure.

In California, Strategies Abound For Protecting Retirement Funds From Creditors

Submitted by Anonymous (not verified) on Tue, 11/19/2013 - 13:00

protect pension from creditorsIf you’re in California, you may be able to protect your retirement funds from creditors.  That can be great news for retirees with money problems.
Most people have a combination of retirement accounts, often representing different phases of their working lives.

St. Louis Fed To Hold Symposium On Student Loans

Submitted by Anonymous (not verified) on Fri, 11/01/2013 - 22:47

St Louis FedWith $1 trillion in outstanding student loans, the landscape is looking just like the mortgage mess that brought down the economy.
Take a report to Congress from the Consumer Financial Protection Bureau and add research from the Federal Reserve Bank of St. Louis showing a stunning growth in student loans.

Fox Business Discusses Merits Of Debt Settlement Over Bankruptcy, Misses These Key Points

Submitted by Anonymous (not verified) on Thu, 10/31/2013 - 21:27

Confused blindfold businessman with briefcaseThe folks at Fox Business are at it again, dishing out inaccurate personal finance information about debt settlement and bankruptcy.

Here’s How Fast Your Bankruptcy Case Can Be Filed

Submitted by Anonymous (not verified) on Wed, 10/30/2013 - 20:00

fast bankruptcy filingFast as lightning.
It used to be that filing for bankruptcy took a lot of time.
Your lawyer needed to make a bunch of copies of your bankruptcy documents, hop on the train or jump in the car, and be sure the court was open.
If the bankruptcy court was closed, maybe there was an emergency mail drop.  Some places had them, others didn’t.

How Bankruptcy Affects Personal Injury Lawsuits

Submitted by Anonymous (not verified) on Tue, 10/29/2013 - 12:00

injured bankruptIf you’re involved in a personal injury lawsuit – as a plaintiff or defendant – a bankruptcy filing could send the case off the rails.
People get hurt. Sometimes they sue someone in connection with that injury.
People get into debt. Sometimes they file for bankruptcy to get out of debt.

How Long Bankruptcy Affects Your Life

Submitted by Anonymous (not verified) on Mon, 10/28/2013 - 12:00

impacts of bankruptcyAs long as you like. And in some respects, not at all.
You’re in debt and can’t climb out of the hole. So you bite the bullet and file for bankruptcy.
It’s not what you wanted to do, but it’s what you needed to do.
Now, sitting with your discharge in hand, you wonder: how long will this drag me down?
Tough question.

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