Household Income & How it Impacts Your Bankruptcy

April 23, 2014

If you are considering filing for bankruptcy protection, you must be prepared to talk with us about your finances honestly and candidly. It is important that we accurately determine your “household income.” Calculating your household income allows us to determine whether you are eligible to file a Chapter 7 or Chapter 13 case. For the […]

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House Proposal Would Negatively Impact Student Loan Borrowers

April 22, 2014

The House of Representatives recently came out with a tax reform plan that imposes additional tax burdens on student borrowers. The three main elements to the proposal that would directly impact student borrowers are: Elimination of tax deduction for student loan payments. Currently, student loan borrowers who are paying their loans can deduct up to […]

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Important Bankruptcy Deadlines

April 21, 2014

If you file a Chapter 7 or Chapter 13 case, the bankruptcy court will mail a “Notice of Bankruptcy” to all the parties listed on your creditor’s matrix. The notice sets forth numerous important deadlines. In fact, a creditor may forfeit the right to make a claim or file an objection in your case if […]

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Where will my Business File Bankruptcy?

April 18, 2014

Individuals seeking bankruptcy protection file their case in the district where they are domiciled or reside. However, if your business is planning to file a bankruptcy case, the answer of where to file may not seem so clear. Generally, a debtor may file bankruptcy in the district where the person or entity has its domicile, […]

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