We often forget about the emotional toll that being in debt takes on us.
Once, about a decade ago, I was in debt. Deep, deep in debt.
My credit score was wrecked, and my credit cards were all worthless pieces of plastic.

Written by: Robert DeMarco
United States Bankruptcy Laws – The Nelson Act

Written by: Robert DeMarco
United States Bankruptcy Laws – The Nelson Act

Stephen Beukas, 47, of Mahwah, New Jersey was sentenced to 21 months in federal prison after pleading guilty to charges in relation to tax evasion and bankruptcy fraud. For several years, Beukas failed to report all income earnings from his dental practice.  He also failed to pay taxes on his earnings totaling over $800,000.  When [...]

Debt collectors don’t have to stop calling you just because you ask them to leave you alone. Here’s what you need to know.
If you owe money, you’re probably getting calls from debt collectors.
Though some debt collectors can be fairly pleasant people, the reality is that most of these phone calls don’t go well.

An emergency bankruptcy filing is often chaotic. More important, it’s likely to fail.
Sometimes you get into a tight spot and are looking at an imminent foreclosure, repossession, eviction, execution sale, tax levy, or utility shut-off.
When I say imminent, I mean it’s going to happen in a matter of hours.

Written by: Robert DeMarco
United States Bankruptcy Laws – The Beginning

Written by: Robert DeMarco
United States Bankruptcy Laws – The Beginning

You can file for Chapter 13 bankruptcy, but if your Plan doesn’t do what it needs to do then your case will fail.
If you’re thinking about Chapter 13 bankruptcy, you’re probably looking to deal with some debts that can’t be handled in a Chapter 7 bankruptcy.

Written by: Robert DeMarco
Bankrupt Laws of England – Queens Anne’s Act
The frustration in England concerning bankrupts continued. In 1 Jac. I, c. 15 (1604), entitled “An Act for the Better Relief of the Creditors Against Such as Shall Become Bankrupt,” it is stated: