Over half of all internet users use social media on a daily basis. Social networking is the fastest growing social behavior. Naturally, many professionals, including attorneys, have turned to social media for a number of purposes. Many attorneys use social media for advertising, educational purposes, or a mix of the two. There are a number […]

A Chapter 13 Bankruptcy can last anywhere fromm 36 to 60 months. Three to five years is a considerable amount of time and a lot of things can change. There are a number of issues that may affect your bankruptcy. Some of the most common changes that need to be addressed are: 1. Change in […]

Generally when a debtor files for bankruptcy there is an automatic stay. There are a few circumstances where the stay might be for a limited time period or not automatic at all. This is usually when a debtor has recently had a pending bankruptcy case. It is important that you inform your attorney of all […]

Even though it is natural for someone that is filing for bankruptcy to want to favor one creditor over another, the unfortunate fact in bankruptcy is that all similar class creditors must be treated fair and equal. It does not matter if this favored creditor is a family member, business partner, or simply your favorite […]

Disclaimer: This article is provided for informational purposes only and does not constitute legal advice. For guidance regarding your specific situation, please contact A & L, Licker Law Firm, LLC directly.

When filing bankruptcy, it is often easy to overlook personal loans and gifts. However, this type of debt or property may have a significant impact on your bankruptcy filing. Not disclosing information regarding real estate that has been gifted to you, an outstanding loan to a family member or co-owned bank accounts can cause some […]

The new bankruptcy law enacted in 2005 (Bankruptcy Abuse Prevention and Consumer Protection Act, or short BAPCA) had a direct impact on Family Law. Some debts incurred in the course of a divorce proceeding are dischargeable in a chapter 13 and not in a chapter 7. Domestic Support obligations or short DSO, are not dischargeable […]

After extensive investigations and negotiation, 49 state attorney generals, in conjunction with the federal government, have finally reached an agreement with the five chief mortgage loan servicers in the U.S. J.P. Morgan Chase, Bank of America, Citigroup, Wells Fargo and Ally Financial, formerly known as GMAC Mortgage have agreed to a $25 billion mortgage […]

Filing for bankruptcy can provide relief by allowing you a fresh financial start. When you file for bankruptcy you will stop the harassing phone calls from creditors and debt collection agencies, you will be discharged of most or all of your debt and you may even be able to keep your home. However, filing for […]

The hardship discharge is a great tool in chapter 13 bankruptcies to help debtors get a discharge when they cannot complete the chapter 13 for reasons outside of their control, such as becoming disabled or losing their job. The possibility of a hardship discharge is often overlooked, unknown or not correctly applied. Under §1328(b) U.S.C. […]

It is estimated that approximately 60 percent of all bankruptcies that are filed are due to excessive medical bills. Those filing bankruptcy due to these costs are not necessarily those who are poor or uninsured. In fact, of the people who file for medical bankruptcy, over 60 percent attended college, over 65 percent own a […]

A debtor can obtain a discharge of debt by filing for bankruptcy. A discharge of debt releases the individual’s personal liability for many types of debts. A discharge prevents creditors from making any collections efforts upon the debtor including phone calls, letters, and threats. If you live in the St. Louis Area, being represented by […]

Guest Post by Dunwoody and Jonesboro, Georgia bankruptcy attorney Peter Bricks Bankruptcy is all about getting the debtor a fresh start. So how long does it take to get that fresh start? A typical Chapter 7 bankruptcy case lasts about 4-6 months. However, if your case has some abnormal issues, like assets to liquidate or […]

This is a guest article by Attorney Adam Schachter, a bankruptcy attorney in Houston Texas. The title of this post is a tad misleading since no lawyers, including Bankruptcy Lawyers, can ever truly promise a positive outcome of your case. Even if the facts are on your side, and the law is on your side, it’s […]

This is guest article by Attorney Adam Schachter, a bankruptcy attorney in Houston Texas. What is an Automatic Stay As soon as a bankruptcy is filed, with a couple of narrow exceptions, something called the “automatic stay” goes into effect. The automatic stay is found in the bankruptcy code at 11 U.S.C. § 362(a) and it […]

When debt comes back from the past to attack living debtors, many debtors are unclear on their rights and the statute of limitations in regards to “zombie” debt, or debt typically purchased by debt buyers in which the window of collections has expired. In general, “zombie” debt refers to debt over 10 years old that […]

While many associate the word “bankruptcy” with “epic failure”, history shows us that through the adversity of life one must use knowledge and tenacity to turn “epic failure” into, just, “epic”. In 1923, Walt Disney’s creditors forced bankruptcy upon him and assumed his assets to settle his debts. Likewise, after many ups and downs, including […]

Yes, you must include all of your creditors in your bankruptcy schedules. A creditor is defined in the Bankruptcy Code as “an entity that has a claim against the debtor that arose at the time of or before the order for relief concerning the debtor.” This means that anyone you owe money to at the […]