Filing for Bankruptcy as a Married Couple by Tampa Bay Bankruptcy Center, P.A. on 5/16/2012 If you are a married couple thinking of filing a bankruptcy petition, there are some considerations you should bear in mind before doing so. You may opt either to file a petition jointly as a couple or separately as...more
Does My Spouse Have to File Bankruptcy Too? by Harold Shepley & Associates, LLC on 5/11/2012 The simple answer is no. Only one spouse has to file for personal bankruptcy. However, there are a number of qualifications to this rule. First, if you are considering filing bankruptcy alone in order to conceal the high...more
Bankruptcy and Divorce - The Short Version by Malcolm Ruthven on 4/19/2012 Bankruptcy and divorce are often contemplated at about the same time. Here's the short version of answers to common questions involving bankruptcy and divorce. • Will bankruptcy get rid of my spousal support debts? • Will...more
Bankruptcy Does Not Eliminate Support Obligations by Collins & Collins, P.C. on 3/9/2012 For many facing economic hardship, bankruptcy may seem like an attractive option. Filing for bankruptcy often results in the elimination, or discharge, of a large variety of debts and often represents a second chance for...more
Child Support and Bankruptcy by Harold Shepley & Associates, LLC on 3/6/2012 If you are paying child support and considering filing bankruptcy, you may be wondering how bankruptcy will affect your ability to make payments. Alternatively, if you are receiving child support from someone who is about to...more
Your Questions on Bankruptcy and Divorce Answered by Tampa Bay Bankruptcy Center, P.A. on 2/13/2012 One of the most potentially difficult steps to take in anyone’s financial world is to file for bankruptcy. If this difficult but crucial step is coupled with the pain of divorce it can be even more unnerving and...more
The Trecherous Waters of Divorce and Bankruptcy by Collins & Collins, P.C. on 2/7/2012 A divorce or legal separation will always be difficult emotionally, however, it can be just as hard, if not worse, financially. Often it is not until the parties begin exchanging income information as part of their...more
Are Spouses Required To File for Bankruptcy Together? by Lawyers.com on 2/2/2012 When you get married, you agree to share your life with your new spouse, in sickness and health, for richer and poorer— but what about bankruptcy? When one spouse files for bankruptcy, does that mean the whole...more
Divorce & Bankruptcy by Jason Kohlmeyer on 1/31/2012 A look at how Divorce and Bankruptcy interplay with each other. First published http://mankatolawblog.com/2012/01/31/divorce-and-bankruptcy-minnesota-law/ by Rosengren Kohlmeyer, Law Office Chtd. Mankato,...more
"F" is for Fresh Start through Bankruptcy by John Skiba on 1/2/2012 In the bankruptcy world (yes, there is such a place!) the term “fresh start“ is mentioned so often that it can become cliche. However, when you can get past the initial feelings you may have about bankruptcy, the end result...more
Midland Funding, Portfolio Recovery, LVNV Funding. The Debt Buyers and Why You Should Fight by John Skiba on 12/26/2011 Most people that will read this article have had the unpleasant experience of receiving a knock at the door only to get served with a lawsuit. After the shock subsides as to what just happened, you look at the paperwork and...more
E is for Equity by John Skiba on 12/19/2011 Equity. It is usually your friend. If you are in bankruptcy, it can be an issue. Simply put, equity is what you actually “own” in your property. For instance, if you have a car that is worth $10,000 and you still owe $6,000...more
How Has the Great Recession Impacted Your Choices? by John Skiba on 12/12/2011 Because I work as a bankruptcy attorney I have the opportunity to meet a lot of people here in Arizona who have taken a beating during this recession. And while the recession technically ended a while back, many, if not most...more
Will a bankruptcy get rid of the payments to my ex-wife? by Malcolm Ruthven on 12/10/2011 I got divorced three years ago and have to pay my ex-wife $2,500 a month under our divorce agreement. If I file bankruptcy, will that go away? That depends on what chapter of the bankruptcy code you use (7 or 13) and what...more
D is for Debt Free by John Skiba on 12/7/2011 Debt free. Can you even imagine it? I would dare say that when most people come in to inquire about filing for bankruptcy they aren’t really thinking about the end result of being debt free, but are more focused on stopping...more