Has your Drivers License been suspended? Wondering how bankruptcy can help you get it back -- The process will depend on what caused the suspension. The Good News: In 1971 the U. S. Supreme Court in the case of Perez v. Campbell stated under 11 U.S.C. 525(a) of the Bankruptcy Code: "if the debt that caused the [...]
Pre-petition debt vs. Post-petition debt When did you incur the debt? What does pre-petition vs post-petition mean in a Bankruptcy? Pre-petition debt: All debt that you have incurred prior to your bankruptcy case being filed. You must list all of your Creditors and debt when you file bankruptcy. Pre-petition debt is the debt that we [...]
Will Chapter 7 bankruptcy get rid of my traffic tickets? Can I file bankruptcy to clear traffic ticket debt? Simple answer, no. But read on. Although Chapter 7 bankruptcy often discharges many types of debts and helps people gain a fresh start, there is a limited list of debts that cannot be discharged. The non-payment [...]
Have you filed bankruptcy? Is your student loan debt still dragging you down? Share your story! The National Association of Bankruptcy Attorneys (NACBA) is interested in hearing from you! The organization has increased its story collection efforts to help bolster their advocacy, legislative and media programs. They are asking for additional borrower anecdotes for use [...]
The new bail out plan? State unfunded pensions, labor contracts, general obligation bonds – all unsecured debt? The former Speaker of the House is calling for a bill to support state bankruptcies. Should states be able to file bankruptcy? They cannot right now because they are considered sovereign. Proponents of the bill however say that [...]