Can I Buy a Home After Bankruptcy?

How long after bankruptcy do I have to wait before buying a home? Anyone who either filed for bankruptcy or is considering it has asked “how long before I can buy a new home”?  Attached is a spreadsheet which purports to detail the answer to this question. 

taxes

You Sue & Win, but Pay More in Taxes Than $$ Received. Thanks New Tax Law

I have been around enough not to be overly surprised by lack of common sense from Congress and our President, but the latest revelation makes my stomach hurt. What Now?? With the new Tax Cuts and Jobs Act (TCJA) it is just coming to light that a person injured and later successful in suing must […]

disabled

Disabled Can Now Avoid Taxes When Student Loans Forgiven

Forgiveness of Student Loans: The Good News in the 2018 Tax Law: After January 1, 2018 borrowers whose student loans are forgiven due to “total and permanent disability” no longer have to pay federal income taxes on those forgiven loans. 

Copyright: alexlmx / 123RF Stock Photo

Student Loan Debt Mounting Daily

I make over $150K annually and I need to file bankruptcy Query from a new doctor: I am a newly graduated medical professional and single mom. In the past six months I have earned more than 80K. I think this disqualifies me from Chapter 7. Even though I make six figures, I have A TON […]

Bank of America

Very Pissed Off Judge Slams Bank of America

One Very Pissed Off Judge Continues to Slam Bank of America In re Sundquist v. Bank of America, Case No. 10-35624 (Bankruptcy court, E.D. CA. 1/18/18) Bank of America, with a gun to the Sundquists’ heads… This motion to dismiss began as a hostage standoff. Bank of America, with a gun to the Sundquists’ heads, […]

The Only 3 Times Filing Bankruptcy Is Worth It

The Only 3 Times Filing Bankruptcy Is Worth It By Cathy Moran  (Summary from Ms. Moran’s blog, link below to full blog post)  Ms. Moran is a tireless champion for the education and protection of the consumer. “Facing financial trouble, there are only three times when it makes sense to file bankruptcy.  None of them […]

“Life in the Sweatbox” for Students:

Life in the Sweatbox (reprinted from Credit Slips) Pamela Foohey, Indiana University Maurer School of Law Robert M. Lawless, University of Illinois College of Law Katherine M. Porter,  University of California – Irvine School of Law Deborah Thorne,  University of Idaho Date Written: February 20, 2018  94 Notre Dame Law Review __ (forthcoming 2018) Abstract The time before a […]

UpRight Law, Kevin Chern Sanctioned for Unconscionable Harm to Clients

UPRIGHT LAW and KEVIN CHERN, partner, sanctioned for ‘unconscionable harm to clients’ Report from the Department of Justice, 2/13/18 – Law Solutions Chicago, doing business as “UpRight Law”,  UpRight’s managing partner Kevin Chern, and affiliated partner attorneys Darren Delafield and John C. Morgan Jr. were sanctioned hundreds thousands of dollars “for causing ‘unconscionable’ harm to […]

What is a Proof of Claim in a Bankruptcy?

Every bankruptcy case has creditors. Some creditors may be paid through the bankruptcy, others are not so lucky. Some creditors are secured against collateral, such as a car or house; while others are unsecured, such as a credit card or medical bill; others are priority claims such as taxes, child support or alimony.

Ten Things You Need to Know Before Filing Bankruptcy

Ten Things You Need to Know Before Filing Bankruptcy Bankruptcy is a tool.  Any tool can be misused which can cause serious damage.  Just ask the idiot who sticks a fork in a live electrical socket.