If you file for Chapter 7 bankruptcy, you may not need to worry about your tax refund if you take simple steps to plan beforehand.  If you are anticipating a refund or you have received it and you plan to file for protection, it is likely you want to know what will happen.  It [...]

By Mary Ann Pekara
March Madness is in full swing now and gamblers' wallets across the country are a little lighter as they wait in anticipation to see how their brackets play out.
Whether you're a regular college hoops enthusiast or not, it has been projected that over 100 million people will take part in the "bracket" sensation that encompasses March Madness.

Stopping Debt Collection Contact

If you file bankruptcy, you need to send in proof of your income.  For most people, that means your pay stubs.   Section 521 of the Bankruptcy Code requires people to send in at least two month of their “payment advices“–meaning pay stubs–received from your “employer.”
What if you are self employed?   You don’t get a pay stubs and don’t have en employer.  Do you dodge that requirement?

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for March 21, 2013 Chinese Solar Panel Giant Is Tainted by Bankruptcy Speed Into Bankruptcy With the World’s Most Powerful Electric Outboard Motor Ruling cracks open asbestos bankruptcy records

Ross Boydston, 57, of Creston, Nebraska, pleaded guilty this week to a federal charge of bankruptcy fraud.  He admitted he was involved in a scheme that included selling livestock he pledged as collateral without telling the lender about proceeds received from the sale.  He also failed to mention the transaction had occurred while in bankruptcy. [...]

If you file bankruptcy, you need to send in proof of your income.  For most people, that means your pay stubs.   Section 521 of the Bankruptcy Code requires people to send in at least two month of their “payment advices“–meaning pay stubs–received from your “employer.” What if you are self employed?   You don’t [...]The post Filing Bankruptcy and self employed?

You never thought bankruptcy would give you too much.  But sometimes it does.

If you’re wondering whether you can get can tax debt eliminated in bankruptcy, you’ll need to review several factors to learn if your debt qualifies.  Chapter 7 and Chapter 13 bankruptcies may help you deal with your debt in different ways.  In order to understand your options in detail and learn if bankruptcy is an [...]

A debtor’s funds held in a Health Savings Account (“HSA”) or Flexible Spending Account (“FSA”) do not appear to be exempt under either New York state exemption law or Section 522 of the Bankruptcy Code. This means that a debtor with a Health Savings Account or Flexible Spending Account might find the funds liquidated by... Read More »