What is this Credit Counseling Class I have to take?

Before a person can file bankruptcy, she has to take a consumer credit counseling class offered by an approved provider. Then, once having filed, before she can get her discharge she has to take [...]

This article in the American Bar Association Journal caught my attention. The long and short of it is that a new associate at a huge law firm bought his fiancee a $100,000 (yep, six figures) [...]

For most individuals, the choices in filing bankruptcy are two: Chapter 7 or Chapter 13. We’ve talked about the differences before. Is it possible that a debtor can’t qualify for [...]

Sometimes creditors will tell you they have “charged off” your debt. That sounds like a good thing, like maybe you don’t owe the money anymore. Right? No, wrong. A charge-off is [...]

Section 523(a)(2) of the Bankruptcy Code contains exceptions for discharge of debts that are fraudulently incurred. This section has two subsections, (A) and (B), which, though similar in a lot [...]

  You hear the commercials all the time: get a loan from us to consolidate all your debts into one payment that will be lower than what you’re now paying. Lower payments! Why [...]

Often the only interaction a debtor has with the whole judicial process called bankruptcy comes at the meeting of creditors, sometimes called a “341 Meeting” because it is held [...]

A Boulder, Colorado, spinal surgeon reportedly reached a plea deal with federal prosecutors after she was charge with bankruptcy fraud. Cathleen Van Buskirk was indicted last December and charged [...]

Ever since the 2005 amendments to the Bankruptcy Code, the phrase “means test” has struck fear in the hearts of bankruptcy attorneys and debtors alike. The words “means [...]

Parkprovo, LLC, which owns the Seven Peaks water park in Provo, Utah, which has operated for over 20 years, filed bankruptcy last month, putting the summer season in doubt.  The filing was [...]