Blog Posts in November, 2010
Posted on Nov 30, 2010 By Jeffrey Angres
Redemption is a process during a Chapter 7 bankruptcy case where a debtor is able to retain a vehicle by paying the secured creditor the value of the vehicle, not the total debt that is owed. For ...
Continue reading "REDEEMING A VEHICLE DURING CHAPTER 7 BANKRUPTCY" »
Posted on Nov 24, 2010 By Jeffrey Angres
There are some strange myths concerning bankruptcy . Many of these myths are told by well-meaning, but uninformed financial "experts." Today's post will look at six common myths. Taxes cannot be ...
Continue reading "COMMON BANKRUPTCY MYTHS" »
Posted on Nov 22, 2010 By Jeffrey Angres
When a small business encounters tough times, it is not uncommon for the business owner to do what is necessary to keep the business alive. The obligation to keep the business going for family and ...
Continue reading "SMALL BUSINESS EMPLOYERS CAN FACE BIG TROUBLE FROM IRS" »
Posted on Nov 19, 2010 By Jeffrey Angres
Even if you are not a football fan, chances are you have heard of Michael Vick. Vick was enjoying wealth and fame as a star quarterback in the National Football League, until authorities discovered ...
Continue reading "MICHAEL VICK’S CREDITORS ROOT FOR HIS SUCCESS" »
Posted on Nov 17, 2010 By Jeff Angres
A Chapter 7 bankruptcy is sometimes called a "liquidation bankruptcy." In its simplest description, a Chapter 7 bankruptcy liquidates all of your non-exempt property to pay your creditors. Any ...
Continue reading "THE ROLE OF THE CHAPTER 7 TRUSTEE" »
Posted on Nov 16, 2010 By Jeffrey Angres
New data from the Administrative Office of the U.S. Courts reveals that American consumers filed more than 1.5 million non-business bankruptcies (generally a Chapter 7 or Chapter 13 bankruptcy ) ...
Continue reading "BANKRUPTCY MISERY LOVES COMPANY" »
Posted on Nov 13, 2010 By Jeff Angres
Military service is a selfless and honorable public service. Veterans deserve our respect and our gratitude. Congress has passed many laws attempting to give veterans a preferred status to meet ...
Continue reading "MILITARY SERVICE CAN MEAN SPECIAL TREATMENT UNDER BANKRUPTCY LAWS" »
Posted on Nov 9, 2010 By Jeffrey Angres
The Chapter 7 and Chapter 13 bankruptcy laws require the debtor to list all of his or her assets in the paperwork that is filed with the court. The court requires the debtor to file a standardized ...
Continue reading "WILL THE BANKRUPTCY COURT TAKE MY CHILDREN’S PROPERTY?" »