In my bankruptcy alphabet,? “A” is for Assume. Clients assume all kinds of things, most of them incorrect, and invariably more horrific than the truth. People assume that ?they lose everything in bankruptcy. They assume that the court controls their finances. They assume they have to justify filing bankruptcy. They assume they”ll never get credit…
The median income for California families used in bankruptcy’s infamous means test has fallen.? The change is based on new U.S. Census Bureau figures. Those filing bankruptcy whose income is below the median are excused from the full-blown means test.? In fact, most individuals and families who are above median also qualify for bankruptcy, they…
Other professionals should know better than to? advise people about the workings of bankruptcy.? And if they don’t know better, they should be made to pay, in? some exquisitely painful way, for the harm they inflict. The terrified client in my office was told by her accountant that if she filed Chapter 13 to save…
Used to be, bankruptcy law was organized to encourage debtors to file Chapter 13 and repay some part of their debts.? Some part of that encouragement came in the form of the Super Discharge:? the ability to discharge debts incurred by bad acts; unfiled tax debt from long past tax years; and unfiled claims in…
