Articles from Allmand Law

Today In Bankruptcy – 09-10-2013

1378769305000-AP-Factory-OrdersBringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for September 10, 2012 Furniture Brands files for Chapter 11 bankruptcy Energy Future Holdings bankruptcy coming soon Former Minnesota GOP chairman Tony Sutton declares personal bankruptcy  

Using Bankruptcy to Help Keep Your Business Afloat

shutterstock_149483948Small business owners can benefit from bankruptcy in a number of ways.  Aside from using this powerful financial tool to help eliminate business debt, you can get legal assistance in restructuring or reorganizing your financial obligations.  This may help you gain more control over business finances while remaining in business. There are a few aspects [...]

When Should You File Bankruptcy?

What is a Bankruptcy Hardship Discharge?Some people may wonder if there is a specific time you should file for bankruptcy protection.  Better yet, is there a good time to begin the filing process?  In most cases, it depends on personal circumstances in your situation. Each person has different needs and this makes each case unique.  Most who file are seeking [...]

When Chapter 13 Bankruptcy May Be a Better Option than Chapter 7

weighing-degree-optionsDistinguishing differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy may be just the beginning in understanding which chapter will provide the best solution for your situation.  Even if you meet qualifications to file Chapter 7, it may be more beneficial for you to file Chapter 13.  In other words, you may give yourself more [...]

Today In Bankruptcy – 09-05-2013

4L99d.Em.4Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for September 05, 2012 San Bernardino bankruptcy ruling is a blow to CalPERS Ex-Arkansas coach discharged of debt in bankruptcy deal Suits spur diocese to file for bankruptcy  

Are Health Savings Accounts Protected in Chapter 7 Bankruptcy?

Can Chapter 7 Bankruptcy Help Me Stop Foreclosure?Many who have a health savings account (HSA) or a medical savings account (MSA) may wonder whether such funds can be protected in bankruptcy.  In many cases it depends on where you live and if the state offers protection for these types of funds.  This can be an interesting question for debtor as it also [...]

What Rights as a Debtor do I have when Filing for Bankruptcy?

?One of the reasons why debtors seek bankruptcy protection is to stop harassing collection attempts from creditors.  While anyone should not be subject to such abusive measures, debtors have rights you need to know in order to protect yourself, even before you decide to file for legal protection.  There are a number of debt collection [...]

Today In Bankruptcy – 09-03-2013

1373848861000-roc-62xey3bywygc4tra4hm-original-1307311413_4_3Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for September 03, 2013 Kodak bankruptcy likely comes to end today Former state GOP Chair Tony Sutton files for bankruptcy Bankruptcy stalls Red Arrow eviction  

Do You Have to be Insolvent to File Bankruptcy?

FE_PR_100316_MiddleClass_Debt425425x282Being “bankrupt” and not being able to pay your debts should be considered two different situations.  You often hear people throw around the term or expression of going “bankrupt” when they file bankruptcy protection.  Yet, it may not necessarily mean you can’t pay what you owe. When a consumer is considered insolvent they may be [...]

New Report Supports Student Loan Discharge in Bankruptcy

 Student Loan DebtThe Center for American Progress (CAP) released a report that suggests Congress should reclassify how student loan debt is discharged in bankruptcy.  The report encourages Congress to review laws for both private and federal loans and how they could be handled in bankruptcy.  Currently, student loan debt is almost impossible to discharge and it has [...]

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