Month: April 2017

What your bank CAN and CANNOT do when you file bankruptcy

I make it a habit to advise clients to move their bank accounts prior to filing a Chapter 7 or Chapter 13 if they also owe a debt to their current institution. This is especially true if they bank with a credit unition. The reason is that there are some actions the bank or credit union can take that will make a debtor's life difficult. These are legal restrictions of services and NOT a vioaltionof the automatic stay that a bankruptcy provides. The In re Spearman (W.D. Ky 2017) makes this very clear. A bank or credit union likely will ...
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How Mediation can be like MMA

I know, you thought I was talking about Mixed Martial Arts. And, truth be told, I have seen some mediations that wanted to go the route of verbal MMA. But, even that can be turned to a productive session. Actually, I was referring to Making Mediation Affordable. Mediation can be expensive. There are mediators out there that charge a few hundred dollars an hour for their services. Add to that having an attorney attend the mediation with you and then one is looking at several hundred dollars an hour (I usually reduced my attorney rate by half, though, to make ...
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Tax Time!

Are you dreading writing a significantly sized checks to the state and Federal governments soon? Or, perhaps you a excited about the refund you are getting and what you plan to do with it. Either way, here are a couple brief bullet points of things to be aware of if you are also facing a potential bankruptcy: Avoid the temptation to NOT file your return. It really just delays the inevitable and there are some time limits that do not start to run until you have filed. If you may need to get a discharge on tax debt in a ...
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