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What are Bankruptcy Exemptions?

What are Bankruptcy Exemptions?

Bankruptcy exemptions protect the debtor’s, the person filing bankruptcy, assets. So think of the exemptions available in your state as a magic invisibility cloak that takes that assets, or a portion of the value of an asset, out of consideration when the trustee is...
When Divorce and Bankruptcy Collide

When Divorce and Bankruptcy Collide

Divorce and bankruptcy are very difficult proceedings on their own. When a soon to be ex-spouse unexpectedly files bankruptcy in the middle of a messy divorce, “what next?” is the question on everyone’s lips. Even the most seasoned divorce attorneys question what they...
Bankruptcy or Bailout for your Adult Child?

Bankruptcy or Bailout for your Adult Child?

                 Parents are often forced to weigh out the costs and benefits of bankruptcy versus financial bailout for their adult child. Unfortunately, most schools do not provide classes that teach practical life skills, like financial literacy and managing money....
Filing Bankruptcy Before Marriage

Filing Bankruptcy Before Marriage

Bankruptcy before saying your wedding vows can save your new spouse from the harmful effects of your debt issues. Debt and finances are not exciting topics to discuss when deciding to get engaged or married, but failure to address existing debt issues turn your wedded...
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