Using Bankruptcy to Stop or Prevent Wage Garnishment

Wage-GarnishmentThe state of Texas, along with a few other states, may not allow creditors to garnish wages to satisfy debts, except for special circumstances such as spousal/child support, student loans and federal taxes. A wage garnishment is when a creditor receives permission from the court to withhold payment from paycheck earnings and have them forwarded […]

Today In Bankruptcy – 03-04-2014

Today-In-Bankruptcy (1)Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for March 4th, 2014 Detroit asks bankruptcy court to approve new deal to end swaps Electricity generator Mach Gen LLC files for bankruptcy Sorenson Communications files for bankruptcy

Real Housewives Stars May Plead Guilty to Mortgage and Bankruptcy Fraud Charges

Tere guidiceReal Housewives of New Jersey stars Teresa Giudice, 41 and her husband Giuseppe “Joe” Giudice, 43, may plead guilty to federal charges they are facing through a plea deal. Several media outlets have reported the couple may have a plea deal in place that could lessen their prison sentences with the possibility of millions of […]

Bankruptcy Often the Least Desireable Option to Eliminate Student Loan Debt

elimination of debtI recently received this email from a prospective client (“Jane”) seeking to have her student loans discharge

Bankruptcy Often the Least Desireable Option to Eliminate Student Loan Debt

elimination of debtI recently received this email from a prospective client (“Jane”) seeking to have her student loans discharge

Michigan Bankruptcy Petition Preparer to Serve Jail Time for Criminal Contempt

Section 110 of the United States Bankruptcy Code provides that a non-attorney can assist in the preparation of the bankruptcy petition. However, as an Inkster, Michigan man just learned (the hard way), the Bankruptcy Code places numerous requirements on bankruptcy petition preparers and subjects those who do not comply to substantial penalties.

Can I protect My Property And Still File Bankruptcy?

You Can Protect Most Property You can file bankruptcy and protect a certain amount of personal property. If you are filing a chapter 7 bankruptcy, then you have certain exemption amounts under Illinois law that allows you to protect a certain amount of property.

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