COVID – Consolidated Appropriation Act “CAA” and Bankruptcy 12-27-20

How Does the Consolidated Appropriation Act Intersect with Bankruptcy?
December 27, 2020 Congress passed the longest bill ever – 5,600 pages. The Consolidated Appropriation Act “CAA”, I can only assume, like so many of the other laws created by the Legislative branch, that this huge Act contains lots of special interest provisions, but I regress.  My focus here is to discuss how this Act interconnects with bankruptcy (note – the entire Bankruptcy Code is less than 200 pages).  The following is reprinted for educational purposes only.

Counties we serve in Missouri and Illinois for Bankruptcy and Student loan cases

Cumberland County Illinois, Saline County Illinois, Reynolds County Missouri, Stoddard Missouri, WayneCounty Illinois, Pulaski County Illinois, Clark County Illinois, White County Illinois, Pope County Illinois,Jersey County Illinois, Wabash County Illinois, St. Clair County Illinois, Richland County Illinois, HamiltonCounty Illinois, Randolph County Illinois, Edwards County Illinois, Scotland County Missouri, St. CharlesCounty Missouri, Franklin County Missouri, Randolph […]

Student Loan discharge

Student loans might be discharged through bankruptcy.

Filing Bankruptcy: Advantages and Disadvantages

A bankruptcy filing is a legal process that enables debtors to overcome financial problems and deal with their burdening amount of loans and debt. A bankruptcy petition may also help an individual have a fresh start at life. There are, however, certain things you need to consider before declaring bankruptcy:

Diane and Jay saved us.

five-star“Diane and Jay saved us.  We were in deed financial trouble due to my mother’s care.” P.E.

What Do Bankruptcy Discharges Mean?

While every Chapter 7 and 13 bankruptcy case ends with a bankruptcy discharge, not all kinds of debt may end up in bankruptcy discharges. Knowing ahead of time which debts the court may or may not be discharged can help you avoid a major disappointment and prepare for what’s to come. This article discusses which debts can be wiped off and which debts you will still need to pay back to your creditors. 

“Have You Sent Us a Bank Statement for Every Account?”

The Hardest Question You’ll Get Asked at Your Bankruptcy Hearing Like most people, you will be stressed when you get ready for your bankruptcy hearing. People are worried they’ll be asked “How did you get into this mess?” Actually, that almost never comes  up. The hardest question that always comes up is this one: “Have […]

“Have You Sent Us a Bank Statement for Every Account?”

The Hardest Question You’ll Get Asked at Your Bankruptcy Hearing Like most people, you will be stressed when you get ready for your bankruptcy hearing. People are worried they’ll be asked “How did you get into this mess?” Actually, that almost never comes  up. The hardest question that always comes up is this one: “Have […]

How Bankruptcy Affects Your Tax Return in California

For many people filing their federal income tax return is followed by the anticipation of receiving a refund check from the government. This annual refund becomes part of an individual’s yearly budget. When filing a bankruptcy the question arises of what becomes of that expected yearly bonus. The first thing to understand is, when you […]

Problems Paying Your Mortgage During COVID? – Check Out the Options

Are you financially stressed right now? What to know about options, from debt negotiation to bankruptcy

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