Before filing your bankruptcy case, it is important to decide if bankruptcy is your best option. Depending on the specifics of your financial problems, we will gather and discuss as many of the facts in your case. We will want to know all aspects of your financial situation and what your desired outcomes are. [...]

  Before filing your bankruptcy case, it is important to decide if bankruptcy is your best option. Depending on the specifics of your financial problems, we will gather and discuss as many of the facts in your case. We will want to know all aspects of your financial situation and what your desired outcomes are. […]The post Gathering all the Facts in Your Bankruptcy Case appeared first on Tucson Bankruptcy Attorneys Trezza & Associates.

A Michigan man may face more than 20 years in federal prison after pleading guilty recently to charges related to money laundering and bankruptcy fraud.  Adrian Hassan Tageddine, 42, of Dearborn Heights, admitted to authorities he hid assets including cash and luxury vehicles when he filed for bankruptcy in 1999. Internal Revenue Service (IRS) agents [...]

Peter Morici, an economist and professor at the Smith School of Business, University of Maryland, claims that forgiving student loan borrowers of their debts

There technically is no age limit or restriction for filing a personal bankruptcy.  You have to be an individual and you have to be in a certain jurisdiction for a certain amount of time.  You don’t have to be an adult, you don’t have to be 18, and you don’t even have to be 15.  There is no age limit.  However, it makes sense if you are not going to be someone who can incur debt or credit unless you are an adult.  Credit card companies are not going to issue credit cards unless you are over 18.  You are not going to be able to enter into a valid contract in most states unless you are 18.  S

There is no particular debt limit that you must have in order to file a Chapter 7 bankruptcy.  It really depends upon the particular person and their particular situation.  I have had clients who have wanted to file a bankruptcy over a $5000 debt.  I have had other clients who had $100,000 worth of debt and were fighting against filing a Chapter 7 and getting a fresh start.  You have to determine whether or not you feel you can either pay your debt back over time or whether or not you need a fresh start to be able to survive.

Parking tickets sound like a debt that you could easily eliminate, right, because it’s just a bill for a parking ticket.  You didn’t purchase anything.  It sounds like it’s unsecured.  There’s no property they can take back or repossessed if you don’t pay.  However, parking tickets are a fine to the government or municipality and by that fact, they are determined to be non-dischargeable.

Typically student loans are going to be non-dischargeable.  A non-dischargeable debt is a debt that is not going to be eliminated in a bankruptcy case.  Student loans are the type of debt that are typically non-dischargeable except for extreme hardship cases.  In my 21 years of practice, I have never had an extreme hardship case+ Read MoreThe post Can my student loans be dis

Got an email this week from Martindale-Hubbell, publishers of the famous Martindale Hubbell lawyer directory and also Lawyers.com. They told me my clients rated me in the top one percent in client satisfaction.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 16, 2013 Casino commission OKs Revel’s bankruptcy plan David Oreck Talks Bankruptcy And Book Cancer diagnosis puts people at greater risk for bankruptcy