In this post and two others that will follow, I will be discussing twelve potential bankruptcy traps for anyone thinking about bankruptcy in the Tacoma area. Note: Most of these traps are easily avoided. Frankly, many of these traps apply to consumers nationwide, but I wrote these posts with Tacoma filers in mind. The first three traps are as follows:
1. The Cash Advance on the Credit Card

By Emma G. Fitzsimmons and Aaron Robertson
As New York City weighs new regulations for Uber and other ride-hail companies, a group that is often overlooked has entered the spotlight: the thousands of drivers who ferry New Yorkers across the city every day.

By Tara Siegel Bernard
For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy.

Facing a new regulatory crackdown that they say will severely impact their business, Uber and Lyft made an unusual proposal to New York City’s government: stand down, and in exchange we’ll bail out struggling yellow taxi drivers. The response was a polite no thanks.

Millennial marriages are crumbling under student loan debt.

How a cheap car payment can help you on the bankruptcy means test. The 2005 Bankruptcy law, known BAPCPA or sometimes BARF, was designed to make bankruptcy much more painful for families making over the average income in each state.  For Virginia, in the summer of 2018, that’s $103,549 for a family of 4. Or […]

One of the most common questions that we’re asked by clients who own “underwater taxi medallions” (where the value of the medallions is less than the amount of the loan secured by the medallions) that are owned by a corporation or a LLC is if we can “cram down” the taxi medallion loan in a chapter 11 bankruptcy filing. “Cram down” means that the bank/secured lender is required to accept less than full repayment of their loan.

Arizona Supreme Court Decides Statute of Limitation runs from the date of first uncured missed payment

By Dan Rivoli and Jillian Jorgensen  The City Council will once again explore capping the number of vehicles driving for Uber and similar app-based taxi services in New York City streets — beginning with a yearlong ban on issuing new licenses for most for-hire cars.

Arizona Supreme Court Decides Statute of Limitation runs from the date of first uncured missed payment