• Why DIY Bankruptcy Is A Bad Idea

    Why DIY Bankruptcy Is A Bad Idea

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    Bankruptcy is a complex legal process that has a lot of laws and procedures that may feel overwhelming if you aren’t properly trained to deal with them. Nevertheless, some people are still choosing to file for bankruptcy without help from a lawyer. This is known as “pro se” or DIY bankruptcy. While a DIY bankruptcy…

  • A Short History Of Bankruptcy

    A Short History Of Bankruptcy

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    The etymology of the term “bankruptcy” is commonly believed to derive from a combination of two Latin words: “bancus” (table or bench) and “ruptus” (broken). The theory suggests that a public banker, upon failing to meet financial obligations, would have his bench—where transactions took place—broken as a symbol of his inability to negotiate and fiscal…

  • How To Deal With Bankruptcy

    How To Deal With Bankruptcy

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    Experiencing bankruptcy is typically a substantial financial hurdle, profoundly impacting the lives of those who go through it. You and your family may be going through this difficult experience and trying to find coping strategies and ways to make it more manageable. While there are often things that could have prevented bankruptcy, this is not…

  • TAMPA BANKRUPTCY COURT DECISION ON DISCHARGE OF CONSTRUCTION CONTRACTOR DEBT TO CUSTOMER

    TAMPA BANKRUPTCY COURT DECISION ON DISCHARGE OF CONSTRUCTION CONTRACTOR DEBT TO CUSTOMER

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    The Bankruptcy Court in Tampa rendered an important decision on whether a contractor employed to perform construction or repair services to a customer could Discharge such debt in Bankruptcy. In the case of Hollman v Morales (In re Morales) an individual hired the debtor, a handyman, to conduct repairs on his mobile home. The customer…

  • TAMPA BANKRUPTCY COURT DECISION RELATING TO TAX REFUNDS

    TAMPA BANKRUPTCY COURT DECISION RELATING TO TAX REFUNDS

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    A Bankruptcy Judge in Tampa delivered an important decision regarding tax refunds in Bankruptcy. On July 20, 2022, Bankruptcy Judge CJ Delano rendered a decision regarding whether a debtor may retain a portion of a tax refund received in the amount of $5,500. The debtor claimed $3,750 of such refund as exempt. The debtor’s argument…

  • TAMPA BANKRUPTCY COURT IMPORTANT DECISION REGARDING DISCHARGE OF INCOME TAX DEBT

    TAMPA BANKRUPTCY COURT IMPORTANT DECISION REGARDING DISCHARGE OF INCOME TAX DEBT

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    A Bankruptcy Judge in the Tampa Bankruptcy Court delivered an important decision regarding the Discharge of Income Tax Debt in Bankruptcy on August 23, 2022. The debtor filed what is referred to as an adversary proceeding seeking to Discharge numerous hundreds of thousands of dollars in tax debts. The Internal Revenue Service responded and argued…

  • The Pros And Cons Of Filing For Bankruptcy

    The Pros And Cons Of Filing For Bankruptcy

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    There are many pros and cons of filing for bankruptcy. One of the biggest cons to doing so is that when you file for either a Chapter 7 or a Chapter 13 bankruptcy, it’ll show up on your consumer credit report for anywhere up to the 10 years of your life. Another thing that you’ll…

  • Buying A Car After Chapter 7 Bankruptcy

    Buying A Car After Chapter 7 Bankruptcy

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    A Chapter 7 bankruptcy may be on your credit report for as long as 10 years after when it was filed. You may need to get a car loan during this time. While it’ll be more difficult, it’s still doable if you make a larger down payment or you’re willing to pay the lender a…

  • DOES DISMISSAL OF A BANKRUPTCY DISMISS ANY ADVERSARY PROCEEDINGS?

    DOES DISMISSAL OF A BANKRUPTCY DISMISS ANY ADVERSARY PROCEEDINGS?

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    If a debtor files Bankruptcy, whether a Chapter 7 or Chapter 13 Bankruptcy, does an adversary proceeding filed against the debtor, subsequently result in the dismissal of the adversary proceeding? Some debtors who file a consumer form of bankruptcy, such as a Chapter 7 or Chapter 13, may expectantly or unexpectantly find themselves a defendant…

  • Bankruptcy’s Effect On Employment

    Bankruptcy’s Effect On Employment

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    If you’ve considered filing for bankruptcy, you may be concerned about how doing so would affect your employment. This is something people are commonly concerned about. While the simple answer here is that your current employment won’t be affected, there are some indirect consequences you’ll want to know about. For instance, your filing may prevent…

  • Things To Know About Bankruptcy And Divorce

    Things To Know About Bankruptcy And Divorce

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    When it comes to finances, there are various things that can make circumstances more complex. One of the most complex challenges that couples face from a legal and personal perspective is the issue of bankruptcy when also going through a divorce. In some circumstances, a divorce may be happening at the same time as a…

  • A Quick Guide To Bankruptcy

    A Quick Guide To Bankruptcy

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    Bankruptcy isn’t a situation that anybody wants to be in. The main reason people file for bankruptcy is that their debt has gotten to the point that it can no longer be handled effectively, and often they are forced into making this move. When debt becomes too overwhelming for a person or a business in…