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Can You File Bankruptcy on Child Support?
Sometimes, your bills and debts pile up, and there’s no way for you to get out from underneath them. Bankruptcy offers you a second chance by eliminating some of your debt and giving you a fresh start. One debt you…
Rufus Reynolds’ Approach to Wage Earner Bankruptcy and its Enduring Impact
Rufus Reynolds’ approach to wage earner bankruptcy[i] had an enduring impact. He was appointed bankruptcy referee[ii] in the Middle District of North Carolina (MDNC) in 1946. He served until 1986 but was recalled to preside over the PTL case until…
What Happens If Co-Signer Files Chapter 7?
While Chapter 7 bankruptcy can relieve the co-signer of their legal obligation to repay the debt, the primary borrower remains responsible. In some cases, the loan agreement has a clause that puts the loan in default upon the co-signer’s bankruptcy….
Bankruptcy Judges are not Free to Craft Remedies
Two different kinds of things were decided in the recent Supreme Court decision in Harrington v. Purdue Pharma L.P.: the specific thing and the general thing. The specific thing was that it is no longer permitted – even in very limited…
Fourth Circuit opinion says tenancy by the entirety not exempt from tax debt
How does a Fourth Circuit Court of Appeals ruling on tenancy by the entirety impact the Eastern District NC Bankruptcy Court? High School civics class was long ago, so let’s review how court decisions work their way up the appellate…
Disputed Territory
The United States Supreme Court recently heard oral arguments about the Purdue Pharma bankruptcy case. That, in itself, is not terribly unusual. Since bankruptcy is Federal Law, the US Supreme Court is the natural and appropriate endpoint for all bankruptcy…
Keeping your Roof with $0 Down in Chapter 13
If you’re a homeowner facing financial turbulence, you’re not alone. Life can toss us into rough seas, but there’s a possible lifeline – Chapter 13 bankruptcy. What do you do if you need to take action but have zero money…
Can I Be Discriminated Against For Filing Bankruptcy In The Employment Context?
Filing for bankruptcy can be a relief for those facing financial stress. However, many fear doing so will have negative reputational or professional repercussions. Some worry that an employer or potential employer will discriminate against them if they file. Understanding…
How Much Does It Cost to File for Bankruptcy?
If you’re considering filing for bankruptcy, you may have many questions. You might wonder, how much does it cost to file bankruptcy? Depending on the type of bankruptcy and the attorney you choose to handle your case, various costs are…
Is Chapter 13 Bankruptcy for Individuals or for Businesses?
Filing for bankruptcy can provide relief for individuals and businesses experiencing overwhelming financial challenges. However, only some types of bankruptcy are available to both, and the confusing naming convention can make it hard to know which ones could apply to…
