The Very Rocky History of U.S. Bankruptcy Law
You think the present Congress can’t get anything done? It took more than a hundred years for Congress to pass the first permanent bankruptcy law. Lots of people know that bankruptcy was important enough to our founders to be included in the U.S. Constitution. But that’s just the very beginning of the story: The […]
Help! My Co-Signer and I Just Got Sued!
If you and someone else jointly owe a debt, bankruptcy can protect you against the debt and against your co-signer. Or if you want, bankruptcy can protect your co-signer.
The Amazing but True Evolution of Bankruptcy Law
You’ve heard of debtors’ prisons. But that’s only one hideous part of the very colorful history of bankruptcy law. American bankruptcy law was based on the law of England at the time of the colonies. Today’s blog tells how incredibly different pre-Revolutionary War bankruptcy laws were from current law. The first bankruptcy law in […]
Help! I Just Got a “Final Notice of Intent to Levy” from the IRS!
If you owe income taxes, and are at the point that the IRS is about to seize your assets, you need to consider bankruptcy. It can help in surprising ways.
Help! Support Enforcement Just Garnished My Paycheck, and is Threatening to Do Worse
If you’re behind on child or spousal support, the support enforcement agency can be extremely aggressive. Chapter 7 doesn’t help much. Chapter 13 CAN.
The Simplest Save-Your-Business Chapter 13 Case
Here’s how to focus on running your business, by stopping your creditors from taking the wind out of your sails. In the last few blogs I’ve been talking about some of the extra considerations that come into play when you own a business, are having financial troubles, and wonder if bankruptcy can help. No question—most […]
Advantages of Chapter 13 After Stopping Repossession of Your Car or Truck
Straight Chapter 7 bankruptcy gives very limited help if you’re behind on your vehicle and need to keep it. And Chapter 13? Provides much more help.
Basic Rules about Business Bankruptcy
If your business needs bankruptcy help, getting it done might not be much harder than a personal bankruptcy. But it depends on how your business is set up and how much you owe. A few blogs ago I said that I would soon explain some of the most important benefits of filing a business […]
Worried about Getting Your Car or Truck Repo’d? How Bankruptcy Could Help
Bankruptcy stops a vehicle repo from happening. But what then?
The Bankruptcy Clause in The Federalist Papers
The Federalist Papers are a key source for understanding the intentions of the drafters of the Constitution. What do these essays say about the Bankruptcy Clause?