How Much Does It Cost to File Bankruptcy?

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PORT RICHEY, FLORIDA CLIENT ASKS BANKRUPTCY ATTORNEY Hillary C from Port Richey, Florida asks the Bankruptcy Attorney, How much does it cost to file Bankruptcy?  Thank you for your question.  Here is a Video we created in response to this query. At the writing of this Article, November 8, 2016, the filing fee charged by the US Bankruptcy Court, for a Chapter 7 Bankruptcy is $335 and for a Chapter 13 Bankruptcy the filing fee is $310.  In addition, most Debtors are also required to Read More +

Can I Sell Home If I File Bankruptcy?

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BANKRUPTCY  ATTORNEY QUESTION FROM CLEARWATER, FLORIDA If I file Bankruptcy, can I still sell my Home, asks D McDonald of Clearwater, Florida.  Generally, if the home or real estate in question is your Homestead, you may sell the subject property, and retain the proceeds or profits of that sale, provided you use such proceeds towards the purchase of a new Homestead. There are limitations on this general principle.  Please contact our office regarding your particular circumstance.

Most Pro Football Players Go Bankrupt or Broke: True or False? (part Ii of Ii)

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MOST PRO FOOTBALL PLAYERS GO BANKRUPT OR BROKE: TRUE OR FALSE?

For an enhanced understanding of this Article, please refer to Part I in this Series, Most Pro Football Players Go Bankruptcy Broke:  True or False? Pablo Torre, the Author of the Sports Illustrated Article, recounted his Article, on May 4, 2015, piece entitled, There’s A Difference Between Broke And Bankrupt For Ex-NFL Players, in an online publication named FiveThirtyEight.  Torre recounts that he used, in his analysis, a National Bureau of Economic Research’s Working Paper No 21085 titled Bankruptcy Rates Among NFL Players with Short-Lived Read More +

Most Pro Football Players Go Bankrupt or Broke: True or False? (part I of Ii)

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The infamous 2009 Article in Sports Illustrated, by Pablo Torre, maintained that two years after their collective retirement from professional football, 78% of former players in the NFL “have gone bankrupt or are under financial distress because of joblessness or divorce”.  Subsequent to this Article, Forbes published a 2005 piece, “Five Reasons Why 80% Of NFL Players Go Broke”.  Another highly publicized Article by a Brad Tuttle, asks “Why NFL Players Are So Likely To Declare Bankruptcy”.  A 2015 USA Today Article is titled, “Top Read More +

What is A Lis Pendens?

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BANKRUPTCY ATTORNEY QUESTION

BANKRUPTCY ATTORNEY QUESTION FROM SPRING HILL, FLORIDA We have a Bankruptcy Lawyer question from Spring Hill, Florida.  R McDonald asks, what is a Lis Pendens? A Lis Pendens is a Notice that warns persons, such as prospective Purchasers, renters or others having an Interest in the Property under suit that the Title to the Property is in litigation and may be bound by an Adverse Judgment. When a Bank or another Lender decides to commence Foreclosure Proceedings in order to take possession of a Property, Read More +

Why is Bankruptcy Important?

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BANKRUPTCY ATTORNEY QUESTION FROM NEW PORT RICHEY, FLORIDA A gentleman from New Port Richey, Florida asks our Bankruptcy Attorney, why is bankruptcy important?  Bankruptcy is important because it is one of the few tools that an Individual possesses to prevent his or her enslavement. A Corporation may also file a sort of Bankruptcy called Chapter 11 Bankruptcy, which permits the Corporation to reorganize its Debts.  However, in most cases, a Corporation is a form that is maintained by Individuals. In the United States, the modern Read More +

the Architects of Your Enslavement (part Ii of Iii)

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The Housing Collapse Of 2005 Part II of III The Bush Administration simply followed the lead provided by its Predecessors.  With the elimination of Glass Steagall, the easy money kept flowing.  Ian Greenspan kept the Interest Rates low.  The Bush Administration mostly ran interference against any form of oversight, or actively encourage irresponsible Lending. In a pure economy where Interest Rates are determined by the risk presented by Lenders of real money, to Borrowers, any form of government “oversight” or regulation would be probably mostly Read More +

the Architects of Your Enslavement (part I of Iii)

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Bill Clinton, Bush, Bankers and Servicers, Et Al Part I of III Bill Clinton, during his tenure as President of the United States, signed numerous pieces of Legislation that ultimately lead to the Housing Bubble and its eventual rupture, and the loss of millions of homes by some homeowners, and the reduction of the values of many millions of other homes, in the United States.  Mr Clinton signed the Gramm-Leach-Bliley Act which essentially repealed the Glass-Steagall Act.  The Glass-Steagall Act was considered an important part Read More +

Advice to Law Students Who Want to Be A Bankruptcy Attorney

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ST PETERSBURG, FLORIDA LAW STUDENT MIKE PARSONS QUESTION FOR BANKRUPTCY LAWYER I am a Law Student who wishes to study Bankruptcy Law and practice as a Bankruptcy Attorney.  Do you have any advice as to how I should proceed?  Thank you, Mike Parsons of St Petersburg, Florida for your question. While in my second year of Law School, I learned a little about Bankruptcy Law from one of my Professors.  I immediately thought that Bankruptcy Law was the area of Law I wished to practice Read More +

Celebrities Who Filed Bankruptcy

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BANKRUPTCY LAWYER QUESTION SPRING HILL, FLORIDA Spring Hill, Florida Resident Johhny B asks the Bankruptcy Lawyer, what famous Celebrities or Public Figures have filed Bankruptcy? A number of well known Celebrities and Public Figures have filed Bankruptcy.  This Video gives an extensive list of such Persons who have filed Bankruptcy. Among the surprises on the list, for some, may be that Abraham Lincoln and Henry Ford filed Bankruptcy.  More recently, Fifty Cent, the Rapper, has also filed Bankruptcy.  Fifty Cent filed Chapter 11 Bankruptcy, along Read More +