Legal Insights & Resources 

There are a plethora of reasons a debtor may consider filing for bankruptcy, under Chapter 7 or Chapter 13 of the Bankruptcy Code. In many cases people are looking for a straight discharge and do not want to pay back creditors. To qualify to file for a Chapter 7 Bankruptcy, the procedures most commonly associated […]

Many debtors considering bankruptcy have a wide variety of types of debt. Debts range from medical bills, to credit cards and pay day loans, to homes and cars, and even student loans. The Bankruptcy Code affords little to no relief for debtors burdened with student loans. The general rule is that student loans are not […]

If you are considering filing for bankruptcy you have probably learned that a means test will be conducted. The means test may be referred to as a number of different things, including a statement of monthly income. This is a required filing in every bankruptcy case, regardless of whether you are filing a Chapter 7 […]

Many people consider bankruptcy due to concerns about their house, whether it is a foreclosure or the inability to afford the home in light of other financial obligations. For the individual debtor the choices, depending on a number of circumstances, are a Chapter 7 or Chapter 13 Bankruptcy. Each comes with advantages and disadvantages. In […]

[category: Bankruptcy} With bankruptcy filings ever on the rise attorneys and researchers are beginning to achieve greater insight into who is impacted and how people are impacted by bankruptcy. A number of studies have been done to examine this very issue, including the 2007 Consumer Bankruptcy Project. It comes as little surprise that various demographic […]

[catergory: Bankruptcy] It is almost impossible to turn on the news without hearing about a local company closing, jobs being lost, the housing market, or some other reminder of a still staggering economy. In these tough times many people consider options they may have never thought they would, including filing for bankruptcy. Unfortunately many people […]

Many individuals considering filing for bankruptcy have debts held with another person. This may be a spouse, significant other, or simply a co-signer. There are a number of potential questions and issues that may arise when there is joint debt. Though certainly not an exhaustive list, it is an overview of the types of issues […]

When it comes to bankruptcy, the primary source of law is the Bankruptcy Code (Title 11 of the United States Code). Title 11 of the United States Code provides a comprehensive overview of all the substantive laws dealing with bankruptcy. Title (11) is broken down into 9 Chapters, 28 subchapters and 1,532 sections. […]

Yes, you can file bankruptcy multiple times. In fact, there is no limit to the number of times that you can file. However, if you have received a discharge in a previous case, a certain amount of time must pass before you can receive a discharge again. The amount of time that must elapse […]

Debtors considering filing for bankruptcy often consider a number of issues, including current financial circumstances and long term financial well-being. Determining that bankruptcy is the right course of action is only the first step. Once the decision has been made there is a lot of work to be done. The debtor(s) will have to fill […]

Individuals considering filing for bankruptcy have various reasons for contemplating this option. Unfortunately, a number of people consider filing for bankruptcy because of issues with creditors. Creditors often sell debts to debt collection agencies; and these agencies can range from obnoxious behavior to outright illegal conduct. It is important to know your rights and know […]

Oftentimes people considering filing for bankruptcy have a number of issues that lead them to that decision. Many people have debts that have been unpaid for some time and debtors wonder what kinds of recourse creditors may have. Of course, many creditors employ techniques including phone calls, letters, and threats. In some cases the creditors […]

When considering filing for bankruptcy there are a number of things to consider. Of those, it is important to evaluate whether you should look into filing a Chapter 7 or a Chapter 13 Bankruptcy. Probably the first thing to address is income. There are specific income requirements to file for a Chapter 7 Bankruptcy. Many […]

Most of us have heard of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. This Act was both recent and had a major impact on bankruptcy laws as we knew them. However, there is quite a bit of important legislature that led us to where we currently are. In 1979 the […]

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 […]

Filing for bankruptcy might be a solution to your tax problems. There are certain circumstances which allow for full or partial discharge of income taxes. In addition, in a chapter 13 you can pay the potion of the tax debt that cannot be discharged over a period of up to five years. Depending upon […]

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.