For some people, Chapter 7 bankruptcy is the best way to stop foreclosure in Virginia. Some people think the only way to stop a foreclosure is a Chapter 13 bankruptcy. Mark and Tina Allen (not their real names) got a Virginia bankruptcy lawyer who thought that.  When they told him they wanted to stop foreclosure […]The post Stop Foreclosure in Virginia with Chapter 7 Bankruptcy appeared first on Robert Weed.

A Montana couple is currently facing bankruptcy fraud charges they recently denied in a federal court appearance.  Earlier this month, Tammy Kay Leischner, 42, and her husband Mark Craig Lesichner, 46, plead not guilty to fraud charges including making a false bankruptcy declaration.

By NATALIE KITROEFF Stacy Jorgensen fought her way through pancreatic cancer. But her struggle was just beginning.
Before she became ill, Ms. Jorgensen took out $43,000 in student loans. As her payments piled up along with medical bills, she took the unusual step of filing for bankruptcy, requiring legal proof of “undue hardship.”

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.

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.

On the eve of new year’s, I thought it’d be a good idea to discuss an issue that arises with every new year.
2013 is closing which means tax season is approaching.  Now if you are set to receive a tax refund from the IRS or the Franchise Tax Board, make sure you understand the right to that money is an asset in your bankruptcy case.
I’ll say it again – that money is an asset in a pending bankruptcy whether or not you have received the money.  It’s a contingent asset, but it’s an asset nonetheless.

On the eve of new year’s, I thought it’d be a good idea to discuss an issue that arises with every new year.
2013 is closing which means tax season is approaching.  Now if you are set to receive a tax refund from the IRS or the Franchise Tax Board, make sure you understand the right to that money is an asset in your bankruptcy case.
I’ll say it again – that money is an asset in a pending bankruptcy whether or not you have received the money.  It’s a contingent asset, but it’s an asset nonetheless.

On the eve of new year’s, I thought it’d be a good idea to discuss an issue that arises with every new year.
2013 is closing which means tax season is approaching.  Now if you are set to receive a tax refund from the IRS or the Franchise Tax Board, make sure you understand the right to that money is an asset in your bankruptcy case.
I’ll say it again – that money is an asset in a pending bankruptcy whether or not you have received the money.  It’s a contingent asset, but it’s an asset nonetheless.

On the eve of new year’s, I thought it’d be a good idea to discuss an issue that arises with every new year.
2013 is closing which means tax season is approaching.  Now if you are set to receive a tax refund from the IRS or the Franchise Tax Board, make sure you understand the right to that money is an asset in your bankruptcy case.
I’ll say it again – that money is an asset in a pending bankruptcy whether or not you have received the money.  It’s a contingent asset, but it’s an asset nonetheless.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for December 19, 2013 ‘Safe Harbor’ in Bankruptcy Is Upended in Detroit Case LightSquared Proposes New Financing as Way to Emerge From Bankruptcy The Year’s Bankruptcy News in 11 Chapters