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

A recent report released by the National Consumer Law Center (NCLC) shows evidence that debt collectors may be forcing more families into poverty.  The report claims that many states across the country may not offer as much protection to consumers from debt collectors that allow them to sustain necessary living needs when it comes to [...]

2013 saw several major judicial shifts affecting bankruptcy law, and one decision by the Ninth Circuit Court of Appeals affects how Chapter 13 bankruptcy plans are proposed and confirmed in profound way

If you are a cosigner on the debt, then you and the other debtor are technically joint and severally liable for that debt.  One common form of debt that’s jointly owned is that for a vehicle.  If somebody else filed a Chapter 13 bankruptcy on it vehicle that you cosign, you may be protected under+ Read MoreThe post If I am a cosigner on the debt, how