Properly preparing for a Bankruptcy filing can be just as important, if not more important, than the filing itself. After all, once a Chapter 7 or Chapter 13 bankruptcy case is filed the Court or Trustee takes a snapshot of your assets and looks at the assets as they are at the time you file...Read More
Clark v. Rameker: Supreme Court Rules An Inherited IRA Is Not Exempt From The Bankruptcy Estate Once again it has been shown that it never pays to ignore a problem. Whether dealing with tax issues, credit card debt or unpaid judgments failing to be proactive can have dire consequences. A June 12, 2014 Supreme Court...Read More
Chapter 13 bankruptcy is commonly known as a “re-payment plan” bankruptcy and is only available to individuals with regular income whose secured debts total less than $1,149,525 and whose non-contingent liquidated unsecured debts are less than $383,175. In contrast to a Chapter 7 bankruptcy, debtors in a Chapter 13 bankruptcy pay a percentage of their...Read More
The attached articles were written based on the state of the law as of the date written. The authors of the attached articles assumes no responsibility to update the content of the articles as a result of any changes in the law. Anybody reviewing the attached articles should consult with the authors of the articles, or their professional tax or legal advisor to verify the current status of the law as it relates to their own personal transactions.
