Articles from Allmand Law

IRA Accounts Can Be Protected In Bankruptcy Despite Limitations

6869770873_805c6419bd_oOne reason many consumers overlook the possibility of filing for bankruptcy is fear of losing retirements funds such as an IRA (Individual Retirement Account). While there may be limitations on how much of your retirement funds can be protected, in most cases the funds you have saved can be protected without further questioning.  It is [...]

Are There Age Restrictions for Filing Bankruptcy?

4232029536_081015d648_oIs it true you have to be a certain age to file for bankruptcy protection? Technically there is not an age limit that states you have to be a specific age in order to file.  Yet, you may have to live in a jurisdiction for a certain time period when you file.  Others may say [...]

Today In Bankruptcy – 01-21-2014

Today-In-Bankruptcy (1)Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 21, 2014 Divvy supplier rides its bikes into bankruptcy Hubway’s Canadian Supplier Files for Bankruptcy Retailer Dots Files for Chapter 11

3 Ways to Get Immediate Financial Help through Bankruptcy

2496308570_6c552c24fe_oBankruptcy is known for providing financial relief in various ways that help debtors get a fresh start and regain financial control.  You may be able to stop foreclosure, prevent or regain utility service, or avoid repossession.  Even though there are different bankruptcy chapters you have the ability to get help you need through the following: [...]

Why Filing Bankruptcy in January May Be Helpful for Your Finances

images (10)With the start of a new year, many consumers considering bankruptcy may wonder when it is a good time to file.  You may be surprised to learn that now may be the best time.  Discussing your options with a bankruptcy attorney may help you understand timing more accurately and how it can help your personal [...]

How Bankruptcy Can Help if You Received a Judgment from a Creditor

images (9)What happens when a creditor has a judgment against you? Some debtors make the mistake of ignoring the summons and experience a rude awakening when their wages or their bank account gets garnished.  You have a certain amount of time to answer the judgment before further legal action is taken against you.  If you fail [...]

What You May Not Know about Student Loan Debt and Bankruptcy

0430 MONEY Students 1Debtors may be under the impression they are unable to get student loan debt discharged.  While this may be the case for some, others may qualify to have this debt eliminated but don’t bother asking their attorney about it.  When you file you are expected to list debt obligations you have outstanding, including those that [...]

Debts You Must Pay in Chapter 13 Bankruptcy

Lock_Thirteen_-_BakerA Chapter 13 bankruptcy plan can help you get your finances back in order.  As a court-approved repayment plan that restructures debts, you may be able to make reduced payments on obligations based on your income ability.  Yet, there are certain debts you are required to pay as part of the agreement, including secured debts [...]

Today In Bankruptcy – 01-14-2014

Today-In-Bankruptcy (1)Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 14, 2014 Colossus Minerals seeks bankruptcy protection as it pursues dual-track process Hybrid offers US$55 million for bankrupt Fisker Garlock Wins Trial on Asbestos Liability in Bankruptcy Reorganization  

Man Sentenced 15 Months Federal Prison for Bankruptcy Fraud

3763879881_8496945844_oA Beverly Hills, California man was recently sentenced to 15 months federal prison after being convicted of bankruptcy fraud. His sentencing comes after he was found guilty earlier this year on related charges in a bench trial that lasted 5 days. Darren David Chaker, 41, will serve a prison term of 15 months which will [...]

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