Increases in Prime Rate of Interest and in EDKY Trustee's Fee

By
Mike Troutman

| Oct 17, 2018

Chapter 13 fees and interest rates every practitioner in the Eastern District should know.
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Delinquent Property Taxes and the EDKY Chapter 13 Plan

By
Mike Troutman

| May 11, 2018

I still do the plan by hand because of these little quirks. Thanks for the information.
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Chapter 7 and Student Loans

By
Mike Troutman

| Jan 25, 2018

Student loans are not automatically discharged in a bankruptcy. It requires an adversary proceeding, which is a lawsuit within a lawsuit, in order to determine if student loans are discharged. The factors that have to be met make discharge of student loans relatively rare. However, that is not the purpose of this post. Rather, I wanted to explain what does happen to the student loans. Once the holder of the student loan is notified of the Chapter 7, the loan is recharacterized in their computer system and no action will be taken until the bankruptcy ends. Sometimes the characterization of …
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Alliance Peacemaking: Conflict Coach

By
mfitcosadmin

| Jan 24, 2018

I have benefited immensely from the alternative conflict resolution training offered by Alliance Peacemaking. Even though I am already a certified Family and Divorce Mediator in Kentucky, I have sharpened skills, gained insights, and adopted some effective approaches through the training that enhance my practice. The first level training is available and beneficial to everyone, whether or not they wish to become a mediator; anyone wishing to improve communication, relationships, and their spiritual walk. I am now a certified Conflict Coach through Alliance Peacemaking. This means I am qualifited through the Christian & Missionary Alliance to provide that first level …
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Divorcing Without a Lawyer: Mediation

By
mfitcosadmin

| Jan 19, 2018

As a supplement to my first post on Divorcing Without a Lawyer, I wanted to offer another cost saving approach when you do not or cannot pay for a lawyer. A good, qualified family law mediator can help avoid some of the pitfalls of a purely┬ápro se divorce. When I do a divorce mediation, I know all the categories and issues that can come up in a divorce and I present those to the couple. I go through each topic and ask them if they have discussed it and then I know where to start the dialogue. By touching on …
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Bitcoin and Bankruptcy

By
Mike Troutman

| Jan 18, 2018

There is probably already a post out there regarding bitcoin and bankruptcy because it seems all the rage these days. However, I have not seen one, so I will claim the first. Perhaps though, it is because there is really only one thing to say about bitcoin and bankruptcy. As opposed to the complexity of every other aspect of bitcoin, this is really quite simple: bitcoin is an asset in a bankruptcy so it must be disclosed. I hope that is sufficient explanation. Now that I think of it, though, there could be one rather challenging aspect of bitcoin and …
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Divorcing Without a Lawyer

By
mfitcosadmin

| Jan 17, 2018

Many people get divorced without hiring a lawyer. This is perfectly legitimate and it might save a whole lot of money. Those who are likely candidates for going the self-help route are those couples who are in entire agreement on how to divide property and debt and on a parenting plan if they have children. One caveat to this scenario: make sure you know what the value of assets are that you are agreeing upon. It is an all too common occurrence that one spouse has had significantly higher income or significantly better retirement benefits through their work. Retirement accounts …
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The New Chapter 13 Plan in Operation: The Good, The Bad, and The Ugly

By
Mike Troutman

| Jan 5, 2018

Here is an argument for hiring an attorney to do your bankrutpcy for you even though a debtor can file one without an attorney.
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