Timing is critical when filing a chapter 7 bankruptcy case. If you are wise, you can get out of debt and still be able to protect your much needed tax refund. The key is to file either several months before or several months after your tax refund is either expected or received. The problem is+ Read More

This is a true story that happened last week for one of my chapter 13 bankruptcy clients. The client received a notice from the Illinois Secretary of State that his driver’s license was going to be suspended for failure to pay parking tickets by a specific date. He sought my advice on chapter 13 bankruptcy+ Read More

Midland Funding is a company that buys old credit card debts. But that’s just the tip of the iceberg.
If you go past due on a credit card debt, it’s going to be sold to another company. That’s how credit card companies make their money – by selling old debts that they can’t collect on their own.

“Wealth is the transfer of money from the impatient to the patient.”  Warren Buffett

If you are thinking of filing bankruptcy without an attorney, please be aware of the following: the bankruptcy clerk and the bankruptcy judges are going to hold you to the same standard as that of an attorney. This means that you must comply with all of the filing regulations as well as courtroom standing orders+ Read More

Some times circumstances change during the course of a bankruptcy filing that my necessitate converting your case from a Chapter 13 to a Chapter 7 or vice versa. If you circumstances have changed, you should consult with an attorney before taking any action as there are qualifications and implications for converting your case.  We usually […]

It has often been said that you should never do business with friends or family. A bankruptcy court decision that was recently affirmed by the U.S. Court of Appeals for the Sixth Circuit is further evidence of this proposition.  Read More ›
Tags: 6th Circuit Court of Appeals, Chapter 11

 
“Wealth is the transfer of money from the impatient to the patient.”  Warren Buffett
 

 
“Wealth is the transfer of money from the impatient to the patient.”  Warren Buffett
 

http://robertspaynelaw.com/myutahbankruptcyblog/Adam Brown is a bankruptcy attorney for Dexter & Dexter, a debt relief agency helping people file for bankruptcy.