Just because you are facing stiff taxes does not mean that a bankruptcy can work for you. Some people who file pay their taxes with credit cards, then immediately file for bankruptcy on those cards. For some reason people think that they are not paying taxes when they use a credit card. However, bankruptcy laws already forbid this, leaving you stuck with both the taxes owed and the credit card interest that accrues.
Source: bankruptcy-basics.com
Video: Bankruptcy Basics – Part 1: Introduction
Small Business Bankruptcy Basics
One of the most important things we discussed at CPCC is the distinction between the liabilities and assets of the business, on the one hand, and the liabilities and assets of the business owners, on the other. The very first thing a client must do when sitting down with me or any attorney is list business liabilities that the owner has personally guaranteed. Small business owners frequently make the mistake of putting everything in the business name but backing everything with a personal guarantee, making it very difficult to split the client from the business.
Source: rickmitchelllaw.com
Bankruptcy Basics: Read Testimonials about Your Lawyer
These days, with more and more customers reading online reviews before making a purchase, every business has to be aware of its online presence. The same is true for law firms. While every business and law firm can be the victim of some unfair criticism on the web, for the most part, people are fair and willing to tell the truth about their experience online. Reading testimonials about your Dallas bankruptcy lawyer is an essential part of the “bankruptcy basics” that you should practice before selecting a bankruptcy lawyer.
Source: leebankruptcy.com
beSpacific: The Federal Judiciary Channel
“Find information about bankruptcy laws, including answers to some of the most frequently asked questions. These videos will give you basic information about the process, the relief it offers, and how to find the legal help you may need.”
Source: bespacific.com
2012–13 Alumni CLE Series
Please join us for another great year of stimulating and affordable CLE programs presented by Mitchell faculty and alumni. This year our Alumni CLE series features 15 different 90-minute programs on topics ranging from The Affordable Care Act to Family Law to Ethics for Criminal Defense Lawyers. Fee and registration information is below. All CLEs are available via webcast, and walk-ins are always welcome!
Source: wmitchell.edu
Bankruptcy Basics: An Emotional Review
When it comes to talking about bankruptcy basics, many people tend to focus on the financial aspect alone. And there’s good reason for focusing on the money, of course! After all, bankruptcy can be an overwhelming financial experience. But, because of that, there’s a huge emotional aspect associated with filing for bankruptcy. Unfortunately, the emotional side often goes overlooked.
Source: ciminobenham.com
Bankruptcy Basics: Means Test
If you are seeking to file for Chapter 13 bankruptcy protection, then being an “under-median” debtor gives you two major advantages. First, it means that your “applicable commitment period (the minimum amount of time that your Chapter 13 plan can last without paying your debts in full) is three years, whereas if you were an “over-median” debtor the “applicable commitment period would be five years. Second, it means that there is no minimum amount that is required to be paid to your general unsecured creditors based on your income. In plain english, this means that you can have a three year Chapter 13 repayment plan confirmed (approved) wherein you only pay off your secured and priority debts, paying nothing to your unsecured debts, and receive a discharge at the end of the case.
Source: cookcountyilbankruptcyblog.com
